Regarding quarterly disclosures in which companies announce their business results every three months, Minister of State for Financial Services Suzuki is aiming to abolish the "quarterly report" based on the law and unify it into the "Financial Statement" required by the stock exchange. We have officially clarified the idea of ​​proceeding with the examination.

The aim is to reduce the burden on the company.

Regarding the quarterly disclosure that companies announce their business results and assets held every three months, Mr. Suzuki, the Minister of Finance, said at a press conference after the Cabinet meeting on the 15th, "There is an opinion that it should be reviewed from the viewpoint of cost reduction. We would like to unify it, "he said, and officially announced the idea of ​​abolishing the" quarterly report "based on the law and proceeding with consideration to unify it into the" financial statements "required by the stock exchange.



It has been pointed out that the contents of the "Quarterly Report" and the "Financial Statement" are duplicated, and the aim is to reduce the burden on the company.



In addition, Minister Suzuki said, "While there is an opinion that quarterly disclosure promotes the short-term principle of companies, there is also an opinion that short-term disclosure is necessary to see long-term corporate movements, so we will continue to consider it. I would like to continue to do so, "he said, and expressed his desire to reach a certain conclusion next month after further discussions at the Financial Services Agency's Financial Council.