Change to the Estimated Effective Tax Rate Method for Tax Expense
First written in FY2022-Q1. 7 of 8 entries say "Restated". Latest entry: FY2026-H1.
86 other companies' latest entry also says "Restated".
- 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 fiscal year including the current interim accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The company continues to apply the interim closing method of calculating income tax expense using the estimated effective tax rate. - FY2025-H1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current interim period, and multiplying pretax interim income by the estimated effective tax rate.」
The company continues to apply the method of calculating income tax expense using the estimated effective tax rate in quarterly and interim financial reporting. - FY2024-Q3RestatedAnnual report
「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 third quarter of the current fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to apply the quarterly closing method of calculating income tax expense using the estimated effective tax rate. - FY2024-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to apply the quarterly closing method of calculating income tax expense using the estimated effective tax rate. - FY2023-Q3RestatedAnnual report
「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 third quarter of the current fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to apply the estimated effective tax rate method to improve the efficiency of quarterly closing procedures. - FY2023-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to apply the estimated effective tax rate method to improve the efficiency of quarterly closing procedures. - FY2022-Q2RestatedAnnual report
「Previously, tax expense for the Company and its consolidated subsidiaries was calculated using the standard method. To further improve the efficiency of quarterly closing procedures, from the first quarter the method was changed to one that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and calculates quarterly tax expense by multiplying pretax quarterly income by that estimated effective tax rate.」
The company continued to apply the estimated effective tax rate method in the second quarter, following the change made to improve the efficiency of quarterly closing procedures. - FY2022-Q1First statedAnnual report
「Previously, the Company and its consolidated subsidiaries generally calculated tax expense using the standard method. To further improve the efficiency of quarterly closing, from the first quarter of the current consolidated fiscal year we changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax profit for the consolidated fiscal year and applies that estimated effective tax rate to pretax quarterly profit.」
To improve the efficiency of quarterly closing procedures, the company changed its method of calculating income tax expense from the statutory method to the estimated effective tax rate method beginning with the first quarter of the current consolidated fiscal year. The impact was immaterial, and no retrospective application was made.