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Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (Japanese accounting standards) Released: May 7, 2024 Name of listed firm:Nojima CorporationCode No.:7419Listed on

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How to fill out japanese accounting standards

01

Gather all relevant financial documents, including balance sheets, income statements, and cash flow statements.

02

Ensure financial documents are prepared based on the historical cost principle and conservatism concept.

03

Categorize assets and liabilities into current and non-current for clarity.

04

Adhere to specific accounting policies defined under Japanese GAAP, including revenue recognition and expense matching.

05

Confirm compliance with the Corporate Code and the Financial Instruments and Exchange Act.

06

Ensure disclosures are complete, explaining accounting policies, risks, and contingencies.

07

Use appropriate accounting software that supports Japanese accounting standards for accuracy.

08

Review and audit the completed financial statements for errors or omissions before submission.

Who needs japanese accounting standards?

01

Companies operating in Japan that must comply with local regulations.

02

Foreign entities that have a subsidiary or branch office in Japan.

03

Investors looking to analyze the financial statements of Japanese firms.

04

Auditors responsible for validating financial statements against recognized standards.

05

Businesses intending to raise capital through public offerings in Japan.

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What is japanese accounting standards?

Japanese Accounting Standards (JGAAP) are the principles and guidelines that govern financial accounting and reporting in Japan. They are designed to ensure transparency, consistency, and reliability in financial statements.

Who is required to file japanese accounting standards?

Entities that are publicly traded, as well as certain other companies that meet specific criteria, are required to file financial statements prepared in accordance with Japanese Accounting Standards.

How to fill out japanese accounting standards?

To fill out Japanese Accounting Standards, companies must follow the guidelines outlined in JGAAP, which include defining the accounting policies, preparation of financial statements, and proper disclosures in accordance with the regulations.

What is the purpose of japanese accounting standards?

The purpose of Japanese Accounting Standards is to provide a set framework for financial reporting that promotes comparability, reliability, and transparency for investors and stakeholders.

What information must be reported on japanese accounting standards?

Under Japanese Accounting Standards, companies must report comprehensive financial statements, including the balance sheet, income statement, statement of changes in equity, cash flow statement, and comprehensive disclosure notes.

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