Recoverability Risk Relating to Deferred Tax Assets
First written in FY2020. 5 of 6 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 11 of 25 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「In the accounting estimates concerning the impact of the spread of COVID-19, there have been no material changes to the assumptions described in the additional information section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the assumptions underlying its accounting estimates regarding the effects of COVID-19. - FY2022-Q3RestatedAnnual report
「In the accounting estimates concerning the impact of the spread of COVID-19, there have been no material changes to the assumptions described in the additional information section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the assumptions underlying its accounting estimates regarding the effects of the infection. - FY2022-Q2RestatedAnnual report
「In the accounting estimates concerning the impact of the spread of COVID-19, there have been no material changes to the assumptions described in the additional information section of the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous fiscal year in the assumptions underlying its accounting estimates regarding the effects of COVID-19. - FY2021RestatedAnnual report
「The company makes accounting estimates regarding impairment of fixed assets and the recoverability of deferred tax assets on the assumption that the infection will gradually subside during the following consolidated fiscal year due to the start of vaccinations and government measures.」
The company estimates the recoverability of deferred tax assets and other items based on the assumption that the infection will gradually subside during the following consolidated fiscal year. - FY2021-Q2RestatedAnnual report
「Although the impact of COVID-19 is expected to gradually diminish going forward compared with the cumulative second quarter, as economic activity has been resuming since the lifting of the state of emergency, accounting estimates for impairment of fixed assets, the recoverability of deferred tax assets and other items have been made on the assumption that the impact will continue through the end of the current consolidated fiscal year.」
The company has made accounting estimates regarding the recoverability of deferred tax assets on the assumption that the effects of COVID-19 will continue through the end of the fiscal year. - FY2020First statedAnnual report
「If the company determines, based on forecasts and assumptions regarding future taxable income, that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which could affect the Group's financial position and operating results.」
For the first time, the risk of reducing deferred tax assets due to changes in forecasts and assumptions regarding future taxable income is described separately.