The study for improving a timeliness of the current value accounting information with a quarterly reporting system introduction

本研究旨在通过调查企业金融资产现值的评估方法和信息披露情况，来检验引入企业季度报告制度的效果。考虑到目前金融资产价值确定方法中的上述发现，我们特别关注了公司金融资产的现值如何在其季度报告中披露此类信息的及时性。目前，广泛的估值类别使金融资产现值的确定变得复杂，不同的类别需要不同的估值方法。同时，估值过程中发现的估值差异没有实现，这使得很难直接确定可能向投资者分红的金额。既然《公司法》的出台开启了引入…的可能性为了应对日本更多的季度报告制度和季度股利分配，有必要重新审视企业财务资产现值的评估方法。我们得到了几家日本公司的合作，并调查了它们在亚洲多个国家的子公司先于日本引入季度报告制度的案例。我们可以观察这些公司如何处理季度报告和分配季度股息，以及他们的股东在股东大会上的反应。我们还了解了这些公司拥有的金融产品的估值方法和实际波动。这项为期两年的研究仅致力于收集和检验金融产品的股东行为趋势和当前价值波动的信息，尚未最终提出适用于日本的季度报告或股息分配制度的建议。然而，通过对这些公司的许多外国投资者的观察，这对于发现季度股息分配的事实上的标准化具有重要意义，未来日本很可能会看到这种情况。因此，我们的下一个研究任务是探索日本公司季度股息分配制度的实用形式。较少

This study aims to examine the effect of the introduction of a corporate quarterly reporting system, by investigating valuation methods of current values of corporate financial assets and the disclosure of this information. Taking into consideration the preceding findings in current value determination methods of financial assets, we specifically focused on how current values of companies' financial assets are disclosed in their quarterly reports in terms of the timeliness of such information. At present, a wide range of valuation categories complicate the determination of the current values of financial assets in such a way that different categories require different valuation methods. At the same time, the fact that valuation differences identified in the process of valuation are unrealized makes it difficult to straightforwardly determine the possible amount of dividends to investors. Now that the introduction of the Companies Act has opened the possibility of the introduction of a … More quarterly reporting system and quarterly dividend distribution in Japan, it is necessary to re-examine the assessment methods of current values of corporate financial assets.We obtained cooperation from several Japanese companies and investigated cases of their subsidiaries in various Asian countries where a quarterly reporting system has been introduced ahead of Japan. We could observe how these companies handle quarterly reporting and distribute quarterly dividends, as well as how their shareholders react in shareholders meetings. We also gained knowledge about the valuation methods and actual fluctuations of market values of financial products owned by these companies. This two-year study is only devoted to the collection and examination of the information of shareholder behavior trends and current value fluctuations of financial products, and has not yet culminated in offering suggestions for quarterly reporting or dividend distribution systems practical for Japan. However, it would have significance in finding the de facto standardization of quarterly dividend distribution, which will likely be seen in Japan in the future, through the observation of many foreign investors of these companies. It is therefore our next research mission to explore practical forms of quarterly dividend distribution systems for Japanese companies. Less