This paper presents the current status of voluntary IFRS adoption in Japan and explains the
factors that have led public companies to adopt these international standards. This research provides an in-depth analysis of the situation in Japan and provides some figures to support the findings. The goal of this paper is to conduct a preliminary study of Japanese companies that have
adopted IFRS. Additionally this paper determines reasons for the voluntary adoption of IFRS by
Japanese public companies through the analysis of major differences between Japanese GAAP (“JP
GAAP”) and IFRS. The purpose of this paper is to contribute to international debate and enhance
the current understanding of voluntary IFRS adoption in Japan and the practical issues related to
the adoptiondepartmental bulletin pape
