Regarding the "quarterly disclosure" in which companies announce their business results every three months, the government has abolished the "quarterly report" that is required by law to disclose, and one in the "Financial Statement" required by the stock exchange. We have begun to consider it in the direction of becoming.
The aim is to reduce the burden on the company, but the policy is to request that important information related to corporate value be disclosed each time.
Quarterly disclosure, in which companies announce their business results every three months, was required by law for listed companies in 2008, but the Kishida administration is aiming for a "new capitalism" and companies have a long-term perspective. It has indicated a policy of reviewing it as it is necessary to carry out management from a standpoint.
Regarding this, the government has begun to consider abolishing the "quarterly report" that is required to be disclosed by law and unifying it into the "statement of accounts" required by the stock exchange.
Since there are many overlapping parts on both sides, the aim is to reduce the burden on the company by unifying them.
However, we do not wait for quarterly disclosure of important information related to corporate value, but we request that it be disclosed each time, and we also request disclosure of information other than financial information such as investment in employees, which makes the market transparent. I want to secure it.
The government plans to present the proposal at the working group of the Financial Council, which will be held on the 18th of this month, and aims to submit a bill to amend the law at the Diet next year at the earliest.