Change in the Method of Calculating Tax Expenses
First written in FY2018-Q1. 1 of 2 entries say "Restated". Latest entry: FY2018-Q3.
80 other companies' latest entry also says "Restated".
- FY2018-Q3RestatedAnnual report
「Previously, income tax expense was calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax net income for the fiscal year including the quarterly accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate. Beginning with the current first-quarter consolidated accounting period, however, the company changed to the simplified method used in calculating income tax expense in the same manner as for the annual financial statements, because the increase in factors affecting performance due to changes in the business environment made it difficult to reasonably estimate the effective tax rate.」
The method of calculating income tax expense changed from the first quarter continued to be applied in the third-quarter notes. - FY2018-Q1First statedAnnual report
「Beginning with the current first-quarter consolidated accounting period, the company changed to the simplified method used in calculating income tax expense in the same manner as for the annual financial statements, because the increase in factors affecting performance due to changes in the business environment made it difficult to reasonably estimate the effective tax rate.」
The company changed its method of calculating income tax expense from the first quarter because the increase in factors affecting performance made it difficult to reasonably estimate the effective tax rate under the previous method.