Companies must disclose publicly announced land prices alongside recorded land purchase prices in financial statement notes, beginning with companies whose fiscal year ends in December this year. The Financial Services Commission said the requirement applies to domestic land covered by publicly announced prices, while overseas land and properties without such prices are excluded. Companies that have already revalued land in their books do not need to record the publicly announced price separately. The measure addresses concerns that long-held land remains recorded at historical cost, obscuring changes in value. The commission cautioned that government-announced values may differ from actual transaction prices and should not alone determine a company’s value.