Mitsubishi Electric To Voluntarily Adopt International Financial Reporting Standards

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has decided to voluntarily adopt International Financial Reporting Standards (IFRS) for its consolidated financial statements from the fiscal year ending March 31, 2019 (April 1, 2018 to March 31, 2019), in place of U.S. generally accepted accounting principles (U.S.GAAP), in order to enhance international comparability of its financial information in the capital markets.

Details:
businesswire.com/news/home/20170220005735/en/Mitsubishi-Electric-Voluntarily-Adopt-International-Financial-Reporting

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