ORo : Partial Revision to Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)
January 14, 2022 at 07:42 am
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Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
January 14, 2022
Company Name: ORO Co., Ltd.
Representative: Atsushi Kawata
Representative Director & President
Stock Code: 3983 (Tokyo Stock Exchange, First Section)
Contact: Yasuhisa Hino
Senior Managing Director and
General Manager for Corporate Department
TEL: +81-3-5724-7001
Partial Revision to Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)
ORO Co., Ltd. (the "Company") hereby announces that, at the Board of Directors' meeting held today, it has resolved to partially revise the schedule contained in Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS) released on August 13, 2021, in which the Company announced a plan to disclose the forecast of consolidated financial results for the year ending December 31, 2022 under IFRS in the Summary of Consolidated Financial Results for the Fiscal Year Ended December 31, 2021.
The Company has been making preparations towards the voluntary adoption of IFRS mainly for the purpose of enhancing the international comparability of its financial information in capital markets. To examine the accuracy of figures more carefully upon the adoption of IFRS, however, we have revised the disclosure schedule of the forecast of consolidated financial results for the year ending December 31, 2022 under IFRS as provided in the "After the revision" below.
Disclosure schedule for voluntary adoption of IFRS (planned)
【Before the revision】
Accounting standards
Accounting period
Disclosure material
applied
Fiscal year ending
Third
Summary of Consolidated Financial Results
Japan GAAP
December 31,
quarter
Quarterly Securities Report (Shihanki Hokokusho)
Japan GAAP
2021
Fiscal
Summary of Consolidated Financial Results
Japan GAAP (*1)
year end
Consolidated Financial Statements under the
Japan GAAP
Companies Act
Annual Securities Report (Yukashoken Hokokusho)
IFRS (*2)
*1: The Company plans to disclose the forecast of consolidated financial results for the fiscal year ending December 31, 2022 in accordance with IFRS.
*2: The Compnay plans to disclose the Summary of Consolidated Financial Results prepared in accordance with IFRS on the filing date of Annual Securities Report.
【After the revision】
Accounting standards
Accounting period
Disclosure material
applied
Fiscal year ending
Third
Summary of Consolidated Financial Results
Japan GAAP
December 31,
quarter
Quarterly Securities Report (Shihanki Hokokusho)
Japan GAAP
2021
Fiscal
Summary of Consolidated Financial Results
Japan GAAP (*1)
year end
Consolidated Financial Statements under the
Japan GAAP
Companies Act
Annual Securities Report (Yukashoken Hokokusho)
IFRS (*2)
*1: The Company plans to disclose the forecast of consolidated financial results for the year ending December 31, 2022 in accordance with Japan GAAP.
*2: The Company plans to disclose the Summary of Consolidated Financial Results prepared in accordance with IFRS on the filing date of Annual Securities Report and disclose, on the same date, the forecast of consolidated financial results for the year ending December 31, 2022 prepared also in accordance with IFRS.
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ORO Co. Ltd. published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 07:41:07 UTC.
ORO Co.,Ltd. is a Japan-based company mainly engaged in the provision of business solutions that resolve top management's problems and maximize corporate value. The Company has two business segments. The Business Solutions segment is mainly involved in the development and delivering of cloud enterprise resource planning (ERP) under name ZAC Enterprise and cloud professional service automation (PSA) under name Reforma PSA, the delivering system solutions and information technology (IT) infrastructure toward companies, as well as the provision of business process outsourcing and others. The Communication Design segment is engaged in the communication strategy planning for companies and their stakeholders, the production of TVCM, magazines and advertisements on media like newspaper, the strategy planning of Website, the promotion campaigns, event planning and host services, as well as the market research, analyze, effect measurement and other services. The Company has nine subsidiaries.
ORO CO., LTD. 
