TOKYO -- Publicly traded companies in Japan will be required to break down earnings by business segment and provide cash flow statements in their quarterly summaries under a proposal by the Tokyo Stock Exchange.
The new obligation comes as the financial reporting system is overhauled. Currently, listed companies file quarterly securities reports with the government and submit quarterly tanshin earnings summaries to the TSE. Japan looks to scrap the reports to the government, given the overlap between the two documents.
