Resolution to dissolve Tabio Europe Limited and recognition of deferred tax assets
First written in FY2017-Q2. 3 of 5 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「Tabio Europe Limited, formerly a consolidated subsidiary, has been excluded from the scope of consolidation because its liquidation procedures were completed during the current consolidated fiscal year.」
The completion of the liquidation of Tabio Europe Limited and its exclusion from the scope of consolidation are also confirmed in the full-year consolidated financial statements. - FY2018-Q2RestatedAnnual report
「As the liquidation procedures for Tabio Europe Limited have been completed, it has been excluded from the scope of consolidation.」
The completion of the liquidation of Tabio Europe Limited and its exclusion from the scope of consolidation have been reconfirmed. - FY2018-Q1AchievedAnnual report
「As the liquidation procedures for Tabio Europe Limited have been completed, it has been excluded from the scope of consolidation.」
The liquidation procedures for Tabio Europe Limited were completed and it was excluded from the scope of consolidation. A ¥40 million loss on liquidation of an affiliated company was also recorded upon completion of the liquidation. - FY2017RestatedAnnual report
「With the aim of strengthening local sales capabilities and improving management efficiency, we resolved to dissolve Tabio Europe Limited, which has operated as a branch of the company since September 2016.」
Following the resolution to dissolve Tabio Europe Limited, it has operated as the company's UK branch since September 2016, as confirmed in the full-year report. - FY2017-Q2First statedAnnual report
「In terms of profit, the resolution to dissolve our consolidated subsidiary Tabio Europe Limited means that the temporary differences related to impairment losses on the subsidiary's shares recognized in prior years are expected to reverse. Accordingly, we recognized deferred tax assets for those temporary differences, reducing income tax expense by ¥126 million during the cumulative second quarter of the current consolidated fiscal year.」
Following the resolution to dissolve Tabio Europe Limited, the expected reversal of temporary differences related to impairment losses on the subsidiary's shares in prior years was recognized and deferred tax assets were recorded, resulting in a ¥126 million reduction in income tax expense.