Suzuki Motor : Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)
May 15, 2023 at 11:48 am IST
Share
(This document is an English translation of the original Japanese document. If there are any discrepancies between this document and the original Japanese document, the original Japanese document prevails.)
To whom it may concern:
May 15, 2023
Company name:
SUZUKI MOTOR CORPORATION
Representative:
Toshihiro Suzuki, President
(Code No.: 7269, Prime Market of Tokyo Stock
Exchange)
Contact person:
Ryo Kawamura, Managing Officer,
Executive General Manager, Finance
TEL:
(053) 440-2032
Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)
SUZUKI MOTOR CORPORATION ("the Company") announces that, the resolution was made at the meeting of the Board of Directors held today, to adopt International Financial Reporting Standards (hereinafter, IFRS) voluntarily in place of Japanese GAAP for its consolidated financial statements for the fiscal year ended March 2025.
IFRS disclosure is expected to begin from the first quarter of the fiscal year ending March 2025, and the disclosure schedule for voluntary adoption of IFRS (planned) is as follows:
Disclosure schedule for voluntary adoption of IFRS (planned)
Timing of disclosure
Disclosure materials
Applicable
accounting
standards
Financial Summary for the Fiscal Year
May 2024
Ended March 2024 *
Consolidated Financial Statements for the
Japanese GAAP
Year Ended March 2024
June 2024
Annual Securities Report for the Year
Ended March 2024
Financial Summary for the First Quarter of
August 2024
the Fiscal Year Ending March 2025
IFRS
Report for the First Quarter of the Fiscal
Year Ending March 2025
*The forecast of consolidated financial results for the fiscal year ending March 2025 will be disclosed in accordance with IFRS.
End
Attachments
Original Link
Original Document
Permalink
Disclaimer
Suzuki Motor Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 06:16:52 UTC.
Suzuki Motor Corporation is one of the Japanese largest automotive constructors. Net sales break down by activity as follows:
- sale of vehicles (90.5%): 2.7 million individual and commercial vehicles in 2020/21 under the brands Kizashi, Swift, SX4, Splash, Jimny and Alto;
- sale of motorcycles (6.5%): 1.5 million units sold;
- manufacturing of outboard motors (2.6%). The group also produces wheelchairs and electric vehicles;
- other (0.4%).
Net sales are distributed geographically as follows: Japan (36.9%), Asia (40.8%), Europe (13.3%), North America (2.1%) and other (6.9%).
SUZUKI MOTOR CORPORATION 
