Recoverability of Deferred Tax Assets
First written in FY2017. 2 of 7 entries say "Restated". Latest entry: FY2025-H1.
Hip moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 10 of 22 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- FY2025-H1Cited as achievedAnnual report
「Interim net income decreased year on year, partly because tax expenses had decreased in the same interim period of the previous year as a result of a reassessment of the recoverability of deferred tax assets.」
The reduction in tax expenses resulting from the reassessment of deferred tax asset recoverability conducted in the same interim period of the previous year is cited in explaining the year-on-year decrease in interim net income. - FY2024MaterialisedAnnual report
「The valuation allowance decreased by ¥50.322 million. This decrease was due to a reduction in the valuation allowance related to the provision for directors’ retirement benefits.」
The reassessment of the recoverability of deferred tax assets was reflected in the results, reducing the valuation allowance by ¥50.322 million and bringing deferred tax assets to ¥326.019 million. - FY2024-Q3MaterialisedAnnual report
「Quarterly net income was ¥335.845 million, up 12.3% year on year, partly because tax expenses decreased as a result of reassessing the recoverability of the deferred tax asset related to the provision for directors’ retirement benefits, despite the recognition of a special retirement bonus for the Company’s founder, former representative director, chairman and president, Tanaka Yoshitake (田中 吉武), who died on 2 August 2023, as an extraordinary loss. Total property, plant and equipment was ¥1,578.834 million, an increase of ¥44.371 million from the end of the previous fiscal year. This was mainly due to decreases of ¥12.889 million in total tangible fixed assets and ¥4.697 million in total intangible fixed assets, together with an increase of ¥65.419 million in deferred tax assets.」
The reassessment of the recoverability of the deferred tax asset related to the provision for directors’ retirement benefits was reflected in earnings as a reduction in tax expenses, and deferred tax assets increased by ¥65.419 million. - FY2024-Q2Additional recognition of deferred tax assets following a reassessment of recoverabilityAnnual report
「The recoverability of the deferred tax asset related to the provision for directors’ retirement benefits for the individual, which had not been recognized because the timing of his retirement was undecided, was reassessed, and the newly recognized deferred tax asset of ¥48.597 million resulted in an income taxes adjustment amount of ¥48.597 million,」
The recoverability of the deferred tax asset related to the provision for the founder’s retirement benefits, which had not been recognized because the timing of his retirement was undecided, was reassessed, and ¥48.597 million was newly recognized. - FY2019RestatedAnnual report
「We have examined our future earnings forecasts and believe that the deferred tax assets are sufficiently recoverable, but depending on circumstances, it may become necessary to write off all or part of the deferred tax assets.」
The company reiterated the possibility of writing off deferred tax assets due to changes in future business performance. - FY2018RestatedAnnual report
「We have examined our future earnings forecasts and believe that the deferred tax assets are sufficiently recoverable, but depending on circumstances, it may become necessary to write off all or part of the deferred tax assets.」
The company reiterated the possibility of writing off deferred tax assets due to changes in future business performance. - FY2017First statedAnnual report
「We have examined our group's future earnings forecasts and believe that the deferred tax assets are sufficiently recoverable, but depending on circumstances, it may become necessary to write off all or part of the deferred tax assets.」
The company first identified as a risk the possibility that all or part of the deferred tax assets may need to be written off due to changes in future business performance.