Regarding quarterly disclosures in which listed companies announce their business results every three months, the Financial Services Agency has a council on a policy to abolish legal reports and unify them into "Financial Statements" based on the rules of the stock exchange. Showed to the working group of.
With the aim of reducing the burden on the company side, the working group will reach a certain conclusion next month.
At the Working Group of the Financial Services Council held on the 18th, the Financial Services Agency announced a policy to review the quarterly disclosure of listed companies' earnings announcements every three months.
Specifically, we
will abolish the legal "quarterly report
" and unify it into a "financial statement" based on the rules of 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 side by unifying them.
While the members who attended the FSA's policy have been in favor of one after another, the situation in Ukraine and the influence of the new coronavirus have increased uncertainty about the future of corporate management, so more prompt and appropriate information disclosure is necessary. There was also an opinion such as.
The Working Group has decided to reach a certain conclusion next month, and based on this, the FSA would like to urgently work toward a concrete review of the quarterly disclosure.