Japan’s FSA is Planning to Postpone the Deadline for Submission Annual Report for March-end (Accounting Term) Companies Until the End of September.

According to the FSA as of March 10, it plans to postpone the deadline for submitting annual reports for listed companies closing in March for three months, until the end of September, in view of the impact of the corona virus. A council composed of the Japan Institute of Certified Public Accountants, Tokyo Stock Exchange and Keidanren announced on the same day. The matter expected to be officially decided next week.

The FSA has also begun to consider postponing the deadline for submitting quarterly reports of companies as of end of December last year.

Remote work has been recommended following the government’s declaration of emergency. The aforementioned measures take into consideration the impact this will have on creating financial reports, and on audit work.

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