Change in the Method of Calculating Quarterly Tax Expense
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020-Q1.
4 other companies' latest entry also says "Restated".
- FY2020-Q1RestatedAnnual report
「Previously, tax expense was 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 quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
The company continued to disclose its accounting policy of calculating income taxes from the first quarter using the same method as for the annual financial statements. - FY2019-Q3RestatedAnnual report
「Previously, tax expense was 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 quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
The change in the method of calculating income taxes from the first quarter continued to be disclosed. - FY2019-Q2RestatedAnnual report
「Previously, tax expense was 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 quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
The change in the method of calculating income taxes from the first quarter continued to be disclosed in the notes. - FY2019-Q1First statedAnnual report
「Previously, tax expense was 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 quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
From the first quarter of the current consolidated fiscal year, the company changed its accounting policy to calculate income taxes using the same method as for the annual financial statements. The impact on earnings for the first quarter of the previous fiscal year was minor, and the change was not applied retrospectively.