Recoverability of Deferred Tax Assets
First written in FY2019. 7 of 12 entries say "Restated". Latest entry: FY2026.
Fukutome Meat Packers moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The main changes in the valuation allowance were a ¥256 million increase in the allowance related to tax loss carryforwards, a ¥100 million decrease in the allowance related to unpaid retirement benefits for directors and corporate auditors, and a ¥231 million decrease in the allowance related to impairment losses.」
Regarding the recoverability of deferred tax assets, the valuation allowance related to tax loss carryforwards increased by ¥256 million, bringing tax loss carryforwards to ¥1,284 million. - FY2025WorsenedAnnual report
「Valuation allowance related to tax loss carryforwards △¥1,027 million」
Uncertainty regarding the recoverability of deferred tax assets was disclosed as a valuation allowance against the full ¥1,027 million of tax loss carryforwards. This was an increase of ¥243 million from ¥784 million in the previous fiscal year. - FY2024MaterialisedAnnual report
「The valuation allowance increased by ¥152 million. This was primarily due to a ¥190 million increase in the valuation allowance related to the Company's tax loss carryforwards.」
In relation to the recoverability of deferred tax assets, the valuation allowance increased by ¥152 million, while the allowance related to tax loss carryforwards increased by ¥190 million. - FY2024-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 3. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2022MaterialisedAnnual report
「The valuation allowance increased by ¥202 million. This was primarily due to the additional recognition of a ¥106 million valuation allowance related to deductible temporary differences and a ¥95 million valuation allowance related to tax loss carryforwards.」
An additional ¥202 million valuation allowance related to the recoverability of deferred tax assets was recognized, indicating that the risk has been reflected in the accounting treatment. - FY2022-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2021-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2021-Q2RestatedAnnual report
「During the second-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2020-Q3RestatedAnnual report
「During the third-quarter cumulative consolidated period, there were no significant changes in matters described in the quarterly report concerning the business and financial positions that could materially affect investors’ decisions, or in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2020-Q1RestatedAnnual report
「During the first-quarter cumulative consolidated period, there were no significant changes from the matters described in “II. Business Overview, 2. Business and Other Risks” of the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there have been no material changes to existing risks, including the recoverability of deferred tax assets. - FY2019First statedAnnual report
「Changes in estimated future taxable income and tax rates resulting from tax reforms could reduce deferred tax assets and affect the operating performance and financial position of the Group.」
The company discloses the possibility that deferred tax assets may decrease due to changes in estimated future taxable income and tax rates as a risk related to the application of accounting standards.