Recoverability of Deferred Tax Assets
First written in FY2017. 11 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 9 of 17 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The recorded amount of deferred tax assets is reviewed each period. Expected taxable income before temporary differences and other adjustments is estimated based on historical sales and operating income, as well as plans for the following period and beyond that are considered reasonable. However, the assumptions used in the plans and the resulting estimates may be significantly affected by future market conditions and other factors, which could substantially affect the amounts of deferred tax assets and deferred income taxes recorded.」
While estimating the recoverability of deferred tax assets based on historical sales and operating income and plans for the following period and beyond, reconfirms the possibility that market conditions could cause changes in the amounts recorded. Deferred tax assets amounted to ¥131.303 million. - FY2023RestatedAnnual report
「The recorded amount of deferred tax assets is reviewed each period. Expected taxable income before temporary differences and other adjustments is estimated based on historical sales and operating income, as well as plans for the following period and beyond that are considered reasonable. However, the assumptions used in the plans and the resulting estimates may be significantly affected by future market conditions and other factors, which could substantially affect the amounts of deferred tax assets and deferred income taxes recorded.」
While estimating the recoverability of deferred tax assets based on historical sales and operating income and plans for the following period and beyond, reconfirms the possibility that market conditions could cause changes in the amounts recorded. - FY2023-Q3RestatedAnnual report
「Although it is difficult to predict when the COVID-19 pandemic will end, the Group believes that its impact on the Group's financial results and business environment is limited. Based on this assumption, the Group makes accounting estimates, including estimates of the recoverability of deferred tax assets.」
Reconfirms the basis for making accounting estimates, including estimates of the recoverability of deferred tax assets, based on the assumption that the impact of the pandemic is limited. - FY2023-Q1RestatedAnnual report
「Although it is difficult to predict when the COVID-19 pandemic will end, the Group believes that its impact on the Group's financial results and business environment is limited. Based on this assumption, the Group makes accounting estimates, including estimates of the recoverability of deferred tax assets. Because the impact of COVID-19 is highly uncertain, changes in circumstances could affect the Group's financial position, operating results and other matters.」
While assessing the recoverability of deferred tax assets and other items based on the assumption that the impact of COVID-19 is limited, reconfirms the possibility of an impact if circumstances change. - FY2022RestatedAnnual report
「The Group believes that the impact on its financial results and business environment is limited. Based on this assumption, the Group makes accounting estimates, including estimates of the recoverability of deferred tax assets.」
Reconfirms the basis for assessing the recoverability of deferred tax assets and other items, based on the assumption that the impact of COVID-19 is limited. - FY2022-Q3RestatedAnnual report
「Although it is difficult to accurately predict how the COVID-19 pandemic will develop or when it will end, the Group assumes, in estimating future cash flows and future taxable income for purposes such as impairment testing of fixed assets and assessing the recoverability of deferred tax assets, that the pandemic will have some impact on the Group's revenue but only a limited impact on full-year financial results.」
Reconfirms the basis for assessing impairment and the recoverability of deferred tax assets, assuming a certain degree of impact from COVID-19 on revenue but a limited impact on full-year financial results. - FY2022-Q2RestatedAnnual report
「Although it is difficult to accurately predict how the COVID-19 pandemic will develop or when it will end, the Group assumes, in estimating future cash flows and future taxable income for purposes such as impairment testing of fixed assets and assessing the recoverability of deferred tax assets, that the pandemic will have some impact on the Group's revenue but only a limited impact on full-year financial results.」
Reconfirms the basis for assessing impairment of fixed assets and the recoverability of deferred tax assets, assuming a certain degree of impact from COVID-19 but a limited impact on full-year financial results. - FY2022-Q1RestatedAnnual report
「Although it is difficult to accurately predict how the COVID-19 pandemic will develop or when it will end, the Group assumes, in estimating future cash flows and future taxable income for purposes such as impairment testing of fixed assets and assessing the recoverability of deferred tax assets, that the pandemic will have some impact on the Group's revenue but only a limited impact on full-year financial results.」
While assuming a certain degree of impact from COVID-19 but a limited impact on full-year financial results, the Group is assessing impairment of fixed assets and the recoverability of deferred tax assets. It also states that if the impact is prolonged or expands, accounting estimates may be affected. - FY2021RestatedAnnual report
「If the Group determines, based on forecasts and assumptions regarding future taxable income, that some or all of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, potentially affecting the Group's operating results and financial condition.」
Restates the possibility that deferred tax assets will be reduced due to differences between forecasts and assumptions regarding future taxable income and actual results. - FY2020RestatedAnnual report
「If the Group determines, based on forecasts and assumptions regarding future taxable income, that some or all of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, potentially affecting the Group's operating results and financial condition.」
Restates the risk of reducing deferred tax assets due to differences between forecasts of future taxable income and actual results. - FY2019RestatedAnnual report
「Actual results may differ from these forecasts and assumptions. If the Group determines, based on forecasts and assumptions regarding future taxable income, that it cannot recover some or all of its deferred tax assets, the deferred tax assets will be reduced.」
Restates the risk of reducing deferred tax assets due to differences between forecasts of future taxable income and actual results. - FY2017First statedAnnual report
「If the Group determines, based on forecasts and assumptions regarding future taxable income, that some or all of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, potentially affecting the Group's operating results and financial condition.」
Describes the possibility of reducing deferred tax assets due to differences between forecasts and assumptions regarding future taxable income and actual results.