TMCnet News
Notice Regarding Voluntary Adoption of International Financial Reporting Standards (IFRS)TOKYO, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (“IIJ”, NASDAQ: IIJI, TSE1: 3774) announced that IIJ’s Board of Directors today resolved that starting from an annual report “Yuka-shoken-houkokusho” filed under the Financial Instruments and Exchange Act of Japan for the fiscal year ending March 31, 2019, IIJ will replace currently adopted Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) and voluntarily adopt International Financial Reporting Standards (“IFRS”) for its consolidated financial statements. IIJ’s anticipated schedule for its voluntary adoption of IFRS is as follows:
* In May 2019, we plan to disclose our financial targets for the fiscal year ending March 31, 2020 in accordance with IFRS in our financial results release for the full fiscal year ending March 31, 2019. Also, we plan to disclose financial results release for the full fiscal year ending March 31, 2019 updated in accordance with IFRS after we file the annual report “Yuka-shoken-houkokusho” for the fiscal year ending March 31, 2019. About IIJ The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. For inquiries, contact: |