ASBJ revises Accounting Standards for Treasury Shares and Appropriation of Legal Reserve and its Implementation Guidance

The Accounting Standards Board of Japan (ASBJ) has today issued a revised Accounting Standard – ASBJ Statement No. 1 (revised 2005) Accounting Standards for Treasury Shares and Appropriation of Legal Reserve and its Implementation Guidance – ASBJ Guidance No. 2 (revised 2005) Guidance on Accounting Standards for Treasury Shares and Reversal of Legal Reserve.

The document is available in Japanese.

The summary is available here in English.