Voluntary Adoption of International Financial Reporting Standards (IFRS)January 31, 2013
SoftBank Corp. (hereafter “the Company”) announces today that it has decided to adopt IFRS to its consolidated financial statements in lieu of the current Japan-GAAP, and will disclose its consolidated financial statements according to IFRS from the first quarter of the fiscal year ending March 2014.
The acquisition of US mobile operator Sprint Nextel Corporation is expected to be finalized mid 2013 and the Company's overseas business expansion will gain further momentum. Against this backdrop, the Company has decided to adopt IFRS voluntarily to improve international comparability of financial information disclosed to the capital market.
- Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.