Decrease in income taxes due to payment of directors’ retirement allowances
First written in FY2024-Q1. . Latest entry: FY2024.
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- FY2024Continued as a factor reducing the full-year tax burdenAnnual report
「Net income attributable to owners of the parent rose 43.0% from the previous consolidated fiscal year to ¥1,597 million, a record high for the fifth consecutive fiscal year, due to recognition of the extraordinary income described above, a reduction in taxable income resulting from the payment of directors’ retirement allowances, which kept income taxes low, and other factors.」
The ¥516 million reduction in taxable income and corporate taxes and other taxes resulting from the payment of directors’ retirement allowances was disclosed for the full fiscal year, together with expropriation compensation and other items, as a factor behind the ¥1,597 million increase in net income. - FY2024-Q3Continued as a factor reducing the cumulative third-quarter tax burdenAnnual report
「Net income attributable to owners of the parent rose 84.2% year on year to ¥1,469 million, a record high, due to increases in operating profit and other items, recognition of expropriation compensation associated with the expropriation of company-owned land, and a reduction in taxable income resulting from the payment of directors’ retirement allowances, which kept income taxes low.」
The reduction in taxable income and income taxes resulting from the payment of directors’ retirement allowances was disclosed, together with recognition of expropriation compensation and other factors, as contributing to the increase in cumulative third-quarter net income attributable to owners of the parent to ¥1,469 million. - FY2024-Q2Continued as a factor reducing the cumulative second-quarter tax burdenAnnual report
「Net income attributable to owners of the parent rose 115.9% year on year to ¥1,027 million, a record high, due to increases in operating profit and other items, as well as a reduction in taxable income resulting from the payment of directors’ retirement allowances, which kept income taxes low.」
The reduction in taxable income and income taxes resulting from the payment of directors’ retirement allowances continued to be disclosed as a factor increasing cumulative second-quarter net income attributable to owners of the parent, which amounted to ¥1,027 million. - FY2024-Q1First statedAnnual report
「Net income attributable to owners of the parent rose 145.7% year on year to ¥695 million, as the payment of directors’ retirement allowances reduced taxable income and kept income taxes low.」
The reduction in taxable income caused by the payment of directors’ retirement allowances, which kept income taxes low, was disclosed as a factor increasing net income attributable to owners of the parent.