Speeding Up and Improving the Efficiency of the Quarterly Close Through a Change in the Tax Expense Calculation Method
First written in FY2019-Q1. 16 of 17 entries say "Restated". Latest entry: 2026-07-29.
86 other companies' latest entry also says "Restated".
- 2026-07-29RestatedEarnings
「For income taxes, the Company reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first-quarter consolidated accounting period, and calculates income taxes by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The Company continues to apply the method of calculating income taxes based on the estimated effective tax rate. - FY2026-H1RestatedAnnual 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 consolidated fiscal year, including the current interim period, and multiplying interim profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the current interim consolidated accounting period. - FY2024-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 consolidated fiscal year, including the current third quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the third quarter. - FY2024-Q1RestatedAnnual report
「For income taxes, the Company reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first-quarter consolidated accounting period, and calculates income taxes by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the first quarter. - FY2023-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 consolidated fiscal year, including the current third quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the third quarter. - FY2023-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year, including the current second quarter of the consolidated fiscal year, and multiplying income before income taxes for the quarter by that estimated effective tax rate.」
The company continues to apply in the second quarter its method of calculating tax expenses based on the estimated effective tax rate. - FY2023-Q1RestatedAnnual report
「For income taxes, the Company reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first-quarter consolidated accounting period, and calculates income taxes by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the first quarter. - 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 consolidated fiscal year, including the current third quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the third quarter. - FY2022-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 consolidated fiscal year, including the current second quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to apply in the second quarter its method of calculating tax expenses based on the estimated effective tax rate. - FY2022-Q1RestatedAnnual report
「For income taxes, the Company reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first-quarter consolidated accounting period, and calculates income taxes by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied. - FY2021-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 consolidated fiscal year, including the current second quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to apply in the second quarter its method of calculating tax expenses based on the estimated effective tax rate. - FY2020-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 consolidated fiscal year, including the current third quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the third quarter. - FY2020-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 consolidated fiscal year, including the current second quarter, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to apply in the second quarter its method of calculating tax expenses based on the estimated effective tax rate. - FY2020-Q1RestatedAnnual report
「For income taxes, the Company reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first-quarter consolidated accounting period, and calculates income taxes by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating income tax expense based on the estimated effective tax rate continues to be applied in the first quarter. - FY2019-Q3RestatedAnnual report
「Previously, income tax expense was calculated using the same method as for the annual financial statements. From the first quarter of the current consolidated fiscal year, the Company changed to a method under which it reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, and calculates income tax expense by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The Company continues to apply the revised method for calculating income tax expense from the first quarter, with the aim of accelerating and streamlining quarterly financial reporting and aligning its accounting policies with those of the parent company. - FY2019-Q2RestatedAnnual report
「Previously, income tax expense was calculated using the same method as for the annual financial statements. From the first quarter of the current consolidated fiscal year, the Company changed to a method under which it reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, and calculates income tax expense by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The Company continues to apply the revised method for calculating income tax expense from the first quarter, with the aim of accelerating and streamlining quarterly financial reporting and aligning its accounting policies with those of the parent company. - FY2019-Q1First statedAnnual report
「This change was made to ensure the prompt completion and further streamline the Group's quarterly financial reporting, as well as to apply the same accounting policies as Chubu Electric Power Company,Incorporated, the parent company.」
The Company changed to a method of calculating income tax expense based on the estimated effective tax rate, to accelerate and streamline quarterly financial reporting and align its accounting policies with those of the parent company. The new method has been applied since the first quarter of the current consolidated fiscal year.