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COPRO-HOLDINGS Co., Ltd. ( (JP:7059) ) has shared an announcement.
COPRO-HOLDINGS Co., Ltd. will voluntarily switch from Japanese GAAP to International Financial Reporting Standards (IFRS) for its consolidated financial statements beginning with the annual securities report for the fiscal year ending March 2027, as part of a phased transition that will be completed by the fiscal year ending March 2028. The company expects the adoption of IFRS to enhance corporate value by improving the rigor of M&A-related goodwill and intangible asset assessments, increasing comparability for market participants, and boosting reported profits because goodwill will no longer be amortized, reducing expenses and potentially affecting how investors and other stakeholders evaluate its performance and acquisition strategy.
The most recent analyst rating on (JP:7059) stock is a Buy with a Yen1151.00 price target. To see the full list of analyst forecasts on COPRO-HOLDINGS Co., Ltd. stock, see the JP:7059 Stock Forecast page.
More about COPRO-HOLDINGS Co., Ltd.
COPRO-HOLDINGS Co., Ltd., listed on the TSE Prime and NSE Premier (code 7059), operates in Japan, though this release focuses on its financial reporting practices rather than specific products or services or a defined market segment.
Average Trading Volume: 148,484
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen40.1B
Find detailed analytics on 7059 stock on TipRanks’ Stock Analysis page.