Changes to Depreciation Methods and Guidance on Deferred Tax Assets Due to Tax Reforms, etc.
First written in FY2017-Q2. 19 of 21 entries say "Restated". Latest entry: FY2025-H1.
1 other company's latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated interim accounting period, and multiplying pretax interim income by that estimated effective tax rate.」
The Company continues to calculate interim-period income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2024-Q3RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the third quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The Company continues to calculate quarterly income taxes based on the estimated effective tax rate for the consolidated fiscal year. - FY2024-Q2RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the second quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes based on the estimated effective tax rate for the consolidated fiscal year. - FY2024-Q1RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes based on the estimated effective tax rate for the consolidated fiscal year. - FY2023-Q2RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the second quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The Company continues to calculate quarterly income taxes based on the estimated effective tax rate for the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the second quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the third quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2021-Q2RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the second quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2021-Q1RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2020-Q3RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the third quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate. However, where calculation using the estimated effective tax rate would be significantly unreasonable, the statutory effective tax rate is used.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2020-Q2RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the second quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2020-Q1RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the consolidated fiscal period containing the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate for the consolidated fiscal year. - FY2019RestatedAnnual report
「The impact on the consolidated financial statements of applying the Accounting Standard for Revenue Recognition and related standards is currently being assessed.」
The Company continues to explain that the revenue recognition accounting standard has not yet been applied, is scheduled to be applied from the beginning of the fiscal year ending March 2022, and that the impact is currently being assessed. - FY2019-Q3RestatedAnnual report
「Previously, income taxes were calculated using the standard method. However, to further improve the efficiency of the Group’s quarterly closing procedures, from the first quarter of the current fiscal year the Company changed to a method of reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year, and calculating quarterly income taxes by multiplying pretax quarterly income by that estimated effective tax rate. As the impact of this change was immaterial, no retrospective application was made.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate and explains that the impact of the change was immaterial. - FY2019-Q2RestatedAnnual report
「Previously, income taxes were calculated using the standard method. However, to further improve the efficiency of the Group’s quarterly closing procedures, from the first quarter of the current fiscal year the Company changed to a method of reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year, and calculating quarterly income taxes by multiplying pretax quarterly income by that estimated effective tax rate. As the impact of this change was immaterial, no retrospective application was made.」
The Company continues to calculate quarterly income taxes using the estimated effective tax rate and explains that the impact of the change was immaterial. - FY2019-Q1ReframedAnnual report
「Previously, income taxes were calculated using the standard method. However, to further improve the efficiency of the Group’s quarterly closing procedures, from the first quarter of the current fiscal year the Company changed to a method of reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year, and calculating quarterly income taxes by multiplying pretax quarterly income by that estimated effective tax rate.」
In addition to the previous accounting changes relating to depreciation methods and deferred taxes, the Company changed from the first quarter of the current fiscal year to calculating quarterly income taxes using the estimated effective tax rate. It states that the impact of the change was immaterial. - FY2018RestatedAnnual report
「The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The impact of this change on income or loss for the current consolidated fiscal year was immaterial.」
The Company continues to disclose the change in depreciation method accompanying tax reforms and the application of the guidance on the recoverability of deferred tax assets. - FY2017RestatedAnnual report
「The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The impact of this change on income or loss for the current consolidated fiscal year was immaterial.」
The Company continues to disclose the change in depreciation method accompanying tax reforms and the application of the guidance on the recoverability of deferred tax assets. - FY2017-Q3RestatedAnnual report
「Following an amendment to the Corporation Tax Act, the Company applied, from the first quarter of the current fiscal year, the Practical Solution on Changes in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016), changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact of this change on income or loss for the cumulative third quarter of the current fiscal year was immaterial. The Company has applied, from the first quarter of the current fiscal year, the Application Guidance on Recoverability of Deferred Tax Assets (ASBJ Guidance No. 26, 28 March 2016).」
The Company continues to disclose the change in depreciation method and the application of the guidance on the recoverability of deferred tax assets. It states that the impact of the change in depreciation method on income or loss was immaterial. - FY2017-Q2First statedAnnual report
「Following an amendment to the Corporation Tax Act, the Company applied, from the first quarter of the current fiscal year, the Practical Solution on Changes in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016), changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact of this change on income or loss for the cumulative second quarter of the current fiscal year was immaterial. The Company has applied, from the first quarter of the current fiscal year, the Application Guidance on Recoverability of Deferred Tax Assets (ASBJ Guidance No. 26, 28 March 2016).」
Following tax reforms, the depreciation method for building fixtures and structures was changed from the declining-balance method to the straight-line method, and the application guidance on the recoverability of deferred tax assets was also applied. The impact of the change in depreciation method on income or loss was immaterial.