In today’s briefing:
- Have Japanese-GAAP Helped Reduce the Number of Failed M&A Deals?
Have Japanese-GAAP Helped Reduce the Number of Failed M&A Deals?
- Since companies that have listed on NYSE through ADR etc have been reporting their financial results under US-GAAP, it is expected that more companies will transition to IFRS as needed.
- If IFRS is promoted on the assumption that “eliminating the periodic amortization of goodwill under Japanese-GAAP will likely lead to increased M&A,” the discussion risks heading in the wrong direction.
- Needless to say, successfully implementing PMI to increase future profits and cash flow is both more difficult and more important.
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