Resonac Holdings Adopts IFRS for Global Appeal

Showa Denko KK (JP:4004) has released an update.

Resonac Holdings Corporation has announced its decision to adopt International Financial Reporting Standards (IFRS) to enhance international comparability and appeal to overseas investors. The transition from Japanese GAAP to IFRS will be reflected in their financial statements starting with the fiscal year ending December 2024. This move aims to strengthen group management through uniform accounting standards.

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