Recoverability of deferred tax assets
First written in FY2018. 7 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Accordingly, if forecasts or assumptions regarding the Group's future results and other matters change and it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Group's financial position and operating results.」
The risk of a reduction in deferred tax assets and higher tax expenses due to changes in future forecasts and assumptions continues. - FY2024RestatedAnnual report
「Accordingly, if forecasts or assumptions regarding the Group's future results and other matters change and it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Group's financial position and operating results.」
The risk of a reduction in deferred tax assets and higher tax expenses due to changes in future forecasts and assumptions continues. - FY2023RestatedAnnual report
「Accordingly, if forecasts or assumptions regarding the Group's future results and other matters change and it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Group's financial position and operating results.」
The risk of a reduction in deferred tax assets and higher tax expenses due to changes in future forecasts and assumptions continues. - FY2022RestatedAnnual report
「If it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Group's financial position and operating results.」
The risk of a reduction in deferred tax assets and higher tax expenses due to changes in future forecasts and assumptions continues. - FY2022-Q1RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions regarding the future effects of COVID-19 and the outlook for normalisation and other matters described in the notes to the previous fiscal year's securities report under Additional Information.」
The disclosure states that there have been no material changes from the previous consolidated fiscal year in the accounting assumptions regarding the effects of COVID-19 and the outlook for normalisation. - FY2021-Q3WorsenedAnnual report
「The Group had assumed through the end of the second quarter of the consolidated fiscal year that although the effects of the spread of COVID-19 would continue for a certain period, conditions would gradually normalise from the third quarter onward. However, because the global spread of COVID-19 continues, the Group is making accounting estimates regarding the recoverability of deferred tax assets and impairment losses on fixed assets and other items based on the assumption that the effects of the spread of COVID-19 will continue for the time being, but conditions will gradually normalise from the following consolidated fiscal year onward.」
The assumption has changed from normalisation of the effects of COVID-19 from the third quarter onward to gradual normalisation from the following consolidated fiscal year onward, extending the period over which the effects are expected to continue. - FY2021-Q1ReframedAnnual report
「Accounting estimates have been made regarding the recoverability of deferred tax assets and impairment losses on fixed assets and other items, based on the assumption that although the effects of the spread of COVID-19 will continue for a certain period, conditions will gradually normalise from the third quarter onward. However, actual results in the future may differ from these estimates and assumptions.」
The disclosure states that estimates regarding the recoverability of deferred tax assets assume that the effects of COVID-19 will continue for a certain period and conditions will normalise from the third quarter onward, and that actual results may differ. - FY2020RestatedAnnual report
「If it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Group's financial position and operating results.」
The risks relating to the recoverability of deferred tax assets and higher tax expenses continue. - FY2019RestatedAnnual report
「Accordingly, if forecasts or assumptions regarding the Company's future results and other matters change and it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Company's financial position and operating results.」
The risk of changes in estimates regarding the recoverability of deferred tax assets and higher tax expenses continues to be disclosed. - FY2018First statedAnnual report
「Accordingly, if forecasts or assumptions regarding the Company's future results and other matters change and it is determined that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced and tax expenses will increase, which could adversely affect the Company's financial position and operating results.」
The disclosure states that changes in estimates of future taxable income and other factors may prevent recovery of deferred tax assets and increase tax expenses.