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Article: 40% OF JAPAN BUILDERS TO DELAY ASSET IMPAIRMENT ACCOUNTING TILL FY05.
- Article from:
- AsiaPulse News
- Article date:
- September 8, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Sept 8 Asia Pulse - Slightly more than 40 per cent of listed general contractors plan to delay embracing asset impairment accounting until it becomes mandatory in fiscal 2005, a Nihon Keizai Shimbun survey revealed.
Of 49 general contractors whose shares are listed on the Tokyo Stock Exchange or the Osaka Securities Exchange and whose fiscal years end on March 31, 21 plan to move to asset impairment accounting in fiscal 2005.
Suzunui Industry Co. (TSE:1846) said that its priority for the current fiscal year is on improving shareholder equity.
Ichiken Co. (TSE:1847) is willing to adopt the accounting rule before fiscal 2005 and is working ...