PAL GROUP Holdings (2726) · InitiativeAdvanced
Transfer of Tax Loss Carryforwards and Other Items and Reduction of Income Taxes Through a Subsidiary Merger
First written in FY2020-Q1. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
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Lower Income Tax Expense Through an Absorption-Type Merger and Use of Tax Loss CarryforwardsA theme 5 companies write about · 0 as a headwind · 5 as a tailwind
0 other companies' latest entry also says "Advanced".
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Full recordFilings, disclosures and news, newest first
- FY2020AdvancedAnnual report
「The valuation allowance decreased by ¥1,760 million. This was mainly because the merger of 英・インターナショナル㈱ and ジェネラル㈱ into 株式会社パル made it possible to schedule the use of tax loss carryforwards.」
The accounting effect of the succession of tax loss carryforwards and other items through the subsidiary merger was confirmed in the annual financial statements as a ¥1,760 million decrease in the valuation allowance. - FY2020-Q1First statedAnnual report
「As a result of the merger, a reduction in income taxes and other taxes is expected through the succession of tax loss carryforwards and other deductible temporary differences totaling ¥4,407 million from 英・インターナショナル株式会社 and ジェネラル株式会社, which had not recognized deferred tax assets.」
For the first time, the company has explicitly stated a measure under which tax loss carryforwards and other items totaling ¥4,407 million will be succeeded through a merger between subsidiaries, with a reduction in income taxes and other taxes expected.