Shimadzu to Shift Consolidated Reporting to IFRS From Fiscal 2029

An announcement from Shimadzu ( (JP:7701) ) is now available.

Shimadzu Corporation will voluntarily adopt International Financial Reporting Standards for its consolidated financial statements starting with the fiscal year ending March 31, 2029, with IFRS-based disclosures beginning from the first quarter of that year. The move, approved by the board of directors, aims to enhance international comparability of its financial information and to support a more unified global management framework across the Shimadzu group, with Japanese GAAP remaining in use until the fiscal year ending March 31, 2028.

Under the transition plan, fiscal 2028 results and statutory filings will continue to be prepared under Japanese GAAP, while from fiscal 2029 all quarterly and annual consolidated financial results, financial statements, and securities reports will shift to IFRS. The company also plans to present its earnings forecast for the fiscal year ending March 31, 2029 on an IFRS basis, signaling a full alignment of external financial communication with international standards and potentially improving transparency and comparability for global investors.

The most recent analyst rating on (JP:7701) stock is a Buy with a Yen5500.00 price target. To see the full list of analyst forecasts on Shimadzu stock, see the JP:7701 Stock Forecast page.

More about Shimadzu

Shimadzu Corporation is a Japanese manufacturer listed on the TSE Prime Market that operates mainly in precision instruments and analytical measurement technologies, serving global industrial and scientific markets. The company reports consolidated financial results and securities filings, reflecting its role as a diversified technology group with an international shareholder base.

Average Trading Volume: 779,805

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen1244.9B

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