Change in the Method for Calculating Quarterly Tax Expense
First written in FY2020-Q1. 4 of 5 entries say "Restated". Latest entry: FY2024-Q2.
79 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the fiscal year that includes the current second quarter of the consolidated fiscal year, and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The method of calculating quarterly income tax expense using an estimated effective tax rate continues to be applied. - FY2022-Q3RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the fiscal year that includes the current third quarter of the consolidated fiscal year, and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The method of calculating quarterly income tax expense using an estimated effective tax rate continues to be applied. - FY2021-Q1RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the fiscal year that includes the current first quarter of the consolidated fiscal year, and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The company continues to calculate tax expenses using the estimated effective tax rate. - FY2020-Q3RestatedAnnual report
「Previously, tax expenses for the company and its consolidated subsidiaries were calculated using the standard method. However, from the first quarter of the consolidated fiscal year, the method has been changed to calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
The company continues to calculate income tax expense using an estimated effective tax rate to improve the efficiency of quarterly closing procedures. - FY2020-Q1First statedAnnual report
「Previously, tax expenses for the company and its consolidated subsidiaries were calculated using the standard method. However, to further improve the efficiency of quarterly financial reporting by the company and its consolidated subsidiaries, from the first quarter of the current consolidated fiscal year, the method has been changed to calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
For greater efficiency in quarterly closing procedures, the company changed to calculating income tax expense using an estimated effective tax rate. The impact was immaterial, and no retrospective application was made.