POLA ORBIS Forecasts Performance with New Standards

Pola Orbis Holdings (JP:4927) has released an update.

POLA ORBIS HOLDINGS INC. has issued a financial performance forecast for the first half of fiscal 2024, including the application of new revenue recognition accounting standards. The report emphasizes that these projections are based on current information and reasonable assumptions but cautions that actual results may vary due to economic changes and uncertainties. The company has also retroactively applied these accounting standards to fiscal 2021 results for comparative purposes.

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