Reduced Recoverability of Deferred Tax Assets
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Deferred tax assets are recognized after carefully and sufficiently assessing their recoverability based on highly realizable business plans. However, the Group's performance may be affected if, due to changes in the underlying environment or amendments to accounting standards or tax laws, some deductible temporary differences and other items previously deemed recoverable become difficult to recover in the future.」
The risk of reduced recoverability of deferred tax assets is reiterated. - FY2018RestatedAnnual report
「Deferred tax assets are recognized after carefully and sufficiently assessing their recoverability based on highly realizable business plans. However, the Group's performance may be affected if, due to changes in the underlying environment or amendments to accounting standards or tax laws, some deductible temporary differences and other items previously deemed recoverable become difficult to recover in the future.」
The risk of reduced recoverability of deferred tax assets is reiterated. - FY2017First statedAnnual report
「Deferred tax assets are recognized after carefully and sufficiently assessing their recoverability based on highly realizable business plans. However, the Group's performance may be affected if, due to changes in the underlying environment or amendments to accounting standards or tax laws, some deductible temporary differences and other items previously deemed recoverable become difficult to recover in the future.」
The company identifies the risk that deferred tax assets may become difficult to recover due to changes in business plans, the environment, accounting standards or tax laws.