Change in Method for Calculating Tax Expense
First written in FY2024-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026-H1.
80 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 consolidated fiscal year including the interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The company continues to calculate income taxes using an estimated effective tax rate. - FY2025-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 interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The company continues to calculate income taxes using an estimated effective tax rate. - FY2024-Q3RestatedAnnual report
「Previously, income taxes were calculated using the standard method. To further improve the efficiency of the Group's quarterly closing process, from the first quarter of the consolidated fiscal year we have changed to a method under which the effective tax rate, after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, is reasonably estimated and applied to profit or loss before income taxes for the quarter.」
The method of calculating income taxes using the estimated effective tax rate continues to be applied to improve the efficiency of the quarterly closing process. - FY2024-Q2RestatedAnnual report
「Previously, income taxes were calculated using the standard method. To further improve the efficiency of the Group's quarterly closing process, from the first quarter of the consolidated fiscal year we have changed to a method under which the effective tax rate, after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, is reasonably estimated and applied to profit or loss before income taxes for the quarter.」
The method of calculating income taxes using the estimated effective tax rate continues to be applied to improve the efficiency of the quarterly closing process. - FY2024-Q1First statedAnnual report
「Previously, income taxes were calculated using the standard method. To further improve the efficiency of the Group's quarterly closing process, from the first quarter of the current consolidated fiscal year we have changed to a method under which the effective tax rate, after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, is reasonably estimated and applied to profit or loss before income taxes for the quarter.」
To improve the efficiency of the quarterly closing process, the method of calculating income taxes was changed from the standard method to one using the estimated effective tax rate. The impact was described as immaterial.