Change to a Simplified Method of Calculating Quarterly Tax Expense
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q2.
79 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate continued to be applied. - FY2023-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The Company has reaffirmed its method of calculating income tax expense using an estimated effective tax rate, introduced to improve the efficiency of quarterly closing procedures. - FY2022-Q1First statedAnnual report
「Previously, tax expenses were generally calculated using the standard method. However, to further improve the efficiency of the Group's quarterly financial reporting, from the first quarter of the fiscal year we changed to a method under which the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year is reasonably estimated and multiplied by pretax quarterly income.」
To improve the efficiency of quarterly closing procedures for the consolidated group, the Company changed its method of calculating income tax expense from the first quarter of the current consolidated fiscal year.