In addition, upon issuance of the first financial statements in accordance with IFRS, BS as of the date of transition to IFRS (Opening BS) should be disclosed. Therefore, both JGAAP PKG and IFRS PKG need to be prepared for BS as of 31 December, 2015 and the financial statements for the years ending December 2016 and 2017. Both of JGAAP PKG and IFRS PKG need to be prepared for the following period.