Change to calculating quarterly tax expenses using an estimated effective tax rate
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2026-H1.
80 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「For income tax expense of the company and its domestic consolidated subsidiaries, we reasonably estimate the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the current interim consolidated accounting period, and calculate interim profit before income taxes by multiplying it by the estimated effective tax rate.」
The company has continued to calculate interim-period income taxes using the estimated effective tax rate. - FY2025-H1RestatedAnnual report
「For income tax expense of the company and its domestic consolidated subsidiaries, we reasonably estimate the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the current interim consolidated accounting period, and calculate interim profit before income taxes by multiplying it by the estimated effective tax rate.」
The company has continued to calculate interim-period income taxes using the estimated effective tax rate. - FY2024-Q1First statedAnnual report
「From the first quarter of the current consolidated accounting period, we changed to a method of reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year and calculating profit before quarterly income taxes by multiplying it by the estimated effective tax rate.」
To improve the efficiency of quarterly closing procedures, the company changed from the first quarter of the current consolidated accounting period to calculating income tax expense using the estimated effective tax rate. The impact was immaterial, and the change was not applied retrospectively.