Decline in net income attributable to owners of the parent due to higher tax expenses
First written in FY2017-Q2. 2 of 7 entries say "Restated". Latest entry: FY2020-Q2.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2020-Q2RestatedAnnual report
「Meanwhile, quarterly net income attributable to owners of the parent was ¥674 million, down ¥226 million, or 25.1%, year on year, as income tax expense increased by ¥226 million.」
The pattern of operating income and ordinary income increasing while quarterly net income attributable to owners of the parent declines due to higher income tax expense is cited again. - FY2019ReframedAnnual report
「Extraordinary income was ¥903 million, compared with none in the previous fiscal year, due to the recognition of items including reversal of allowance for doubtful accounts. Extraordinary losses were ¥1,721 million, up ¥725 million, or 72.9%, from the previous fiscal year, due to the recognition of impairment losses and losses on the sale of property, plant and equipment. Net income attributable to owners of the parent was ¥610 million, down ¥1,483 million, or 70.9%, from the previous fiscal year.」
The decline in profit attributable to owners of the parent is explained as resulting not from the previously cited increase in income tax expense, but from lower operating income due to higher personnel expenses and other factors, in addition to extraordinary losses such as impairment losses and losses on the sale of property, plant and equipment. - FY2019-Q3ReframedAnnual report
「In terms of profit, operating income was ¥1,661 million, down ¥2,278 million, or 57.8%, year on year, ordinary income was ¥1,963 million, down ¥2,317 million, or 54.1%, and quarterly net income attributable to owners of the parent was ¥816 million, down ¥1,743 million, or 68.1%, due mainly to higher personnel expenses, logistics costs and energy prices.」
The decline in profit attributable to owners of the parent is explained not by the previously cited increase in income tax expense, but by lower operating income resulting from higher personnel expenses, logistics costs and energy prices. - FY2018-Q3Increase in net income due to lower income tax expenseAnnual report
「Meanwhile, quarterly net income attributable to owners of the parent was ¥2,559 million, up ¥342 million, or 15.5%, year on year, due to lower income tax expense.」
Quarterly net income attributable to owners of the parent increased 15.5% year on year, driven by lower income tax expense. - FY2017RestatedAnnual report
「Net income attributable to owners of the parent was ¥2,281 million (up ¥852 million, or 59.7%, from the previous fiscal year).」
The increase in profit attributable to owners of the parent observed from the cumulative second quarter onward was also shown in the full-year results as a 59.7% increase. - FY2017-Q3Net income turned from a decrease to an increaseAnnual report
「Quarterly net income attributable to owners of the parent was ¥2,217 million (up ¥25 million, or 1.1%, year on year).」
Net income turned from the 13.0% year-on-year decline attributed to higher income tax expense in the cumulative second quarter to a 1.1% year-on-year increase in the cumulative third quarter, and the wording attributing the decline in net income to higher income tax expense was not repeated. - FY2017-Q2First statedAnnual report
「Meanwhile, quarterly net income attributable to owners of the parent was ¥1,644 million, down ¥246 million, or 13.0%, year on year, as income tax expense increased by ¥538 million.」
Although operating income and ordinary income increased, quarterly net income attributable to owners of the parent decreased due to higher income tax expense.