REG - Nippon Telegraph - Notice Regarding Adoption of IFRS

Nippon Telegraph and TelephoneAnnouncement

29/03/2018 10:25

RNS Number : 3954J
Nippon Telegraph and Telephone Corp
29 March 2018
 

March 29, 2018
 
 
 
Company Name: Nippon Telegraph and Telephone Corporation
Representative: Hiroo Unoura, President and Chief Executive Officer
(Code No.: 9432, First section of Tokyo Stock Exchange)
 
 
Notice Regarding Adoption of International Financial Reporting Standards (IFRS)
 
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces its decision to replace the currently applied Generally Accepted Accounting Principles in the United States ("U.S. GAAP") and adopt International Financial Reporting Standards ("IFRS") for its consolidated financial statements in order to improve the international comparability of its financial information in the capital markets, among other reasons. The period for disclosure based on IFRS will begin with the first quarter of the fiscal year ending March 31, 2019.
(Reference) Schedule for Transition to IFRS
l Year ending March 31, 2018: Financial results release, consolidated financial statements and annual securities report - U.S. GAAP*



l First quarter of the fiscal year ending March 31, 2019: Quarterly financial results release and quarterly securities report - IFRS
Thereafter, disclosure will be based on IFRS.
 
*Financial forecasts for the year ending March 31, 2019 in the financial results release will be prepared and disclosed in accordance with IFRS.
 
 
 
For further inquiries, please contact:
Takayuki Kimura or Tatsuya Watanabe
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
TEL: +81-3-6838-5481
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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