Additional Recognition of Deferred Tax Assets and Improvement in Tax Expense Following a Capital Reduction
First written in FY2019-Q2. 3 of 16 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2025-H1.
0 other companies' latest entry also says "Other".
- FY2025-H1Reversal due to the expected expiration of tax loss carryforwardsAnnual report
「However, as the write-down of deferred tax assets was expected to increase corporate income taxes due to the expected expiration of the tax deduction period for tax loss carryforwards, interim net income attributable to owners of the parent was ¥38 million, down 21.0% year on year, resulting in lower profit year on year.」
The expected expiration of the tax deduction period for tax loss carryforwards led to an expected write-down of deferred tax assets, which became a factor in higher corporate income taxes and lower interim net income. - FY2024Deferred tax assets continuing to declineAnnual report
「Net deferred tax assets ¥100,237 thousand ¥65,736 thousand」
Net deferred tax assets decreased from ¥100,237 thousand at the end of the previous fiscal year to ¥65,736 thousand. Tax expense changed from an improvement in the previous fiscal year to a burden of ¥5,431 thousand in the current fiscal year. - FY2024-Q3Decline in deferred tax assetsAnnual report
「Deferred tax assets 100,237 59,922」
Deferred tax assets decreased from ¥100,237 thousand at the end of the previous fiscal year to ¥59,922 thousand at the end of the third quarter of the current fiscal year. - FY2024-Q2Decline in deferred tax assetsAnnual report
「Deferred tax assets 100,237 66,572」
Deferred tax assets decreased from ¥100,237 thousand at the end of the previous fiscal year to ¥66,572 thousand at the end of the second quarter of the current fiscal year. - FY2024-Q1Decline in deferred tax assetsAnnual report
「Deferred tax assets 100,237 77,045」
Deferred tax assets decreased from ¥100,237 thousand at the end of the previous fiscal year to ¥77,045 thousand at the end of the first quarter of the current fiscal year. - FY2023Increase in deferred tax assets and improvement in tax expenseAnnual report
「After taking into account the corporate income tax burden, net income attributable to owners of the parent was ¥69 million, up 61.4% from the previous fiscal year.」
Based on the recoverability of deferred tax assets, the adjustment for corporate income taxes was negative ¥47,561 thousand, and net deferred tax assets increased from ¥52,675 thousand to ¥100,237 thousand. - FY2022Write-down of deferred tax assetsAnnual report
「Net income attributable to owners of the parent was ¥42 million, down 56.1% from the previous fiscal year.」
Due to the write-down of ¥40 million in deferred tax assets after taking into account downside risks to performance under COVID-19, the adjustment for corporate income taxes was ¥40,943 thousand. - FY2021AdvancedAnnual report
「As a result of taking into account corporate income taxes and the recognition of deferred tax assets under tax-effect accounting, consolidated net income attributable to owners of the parent increased to ¥97 million, up 28.6% from the previous fiscal year.」
The recognition of deferred tax assets resulted in a negative adjustment for corporate income taxes of ¥80 million, improving tax expense. Net deferred tax assets increased from ¥13 million in the previous fiscal year to ¥94 million. - FY2021-Q3Lower deferred tax asset balanceAnnual report
「Deferred tax assets 13,261 10,447」
The balance of deferred tax assets decreased from ¥13,261 thousand at the end of the previous fiscal year to ¥10,447 thousand. - FY2021-Q2Increase in Deferred Tax AssetsAnnual report
「Deferred tax assets 13,261 16,239」
The balance of deferred tax assets increased from ¥13,261 thousand at the end of the previous fiscal year to ¥16,239 thousand. - FY2021-Q1Decrease in Deferred Tax Asset BalanceAnnual report
「Deferred tax assets 13,261 7,712」
The balance of deferred tax assets decreased from ¥13,261 thousand at the end of the previous fiscal year to ¥7,712 thousand. - FY2020Reversal of Deferred Tax AssetsAnnual report
「In addition, an environmental measures provision expense of ¥36 million for PCB (polychlorinated biphenyl) disposal costs was recognized as an extraordinary loss. Furthermore, after carefully reviewing the recoverability of deferred tax assets in light of the current situation and other factors relating to the future impact of COVID-19, the deferred tax assets were written down and an adjustment for corporate income taxes of ¥113 million was recognized. As a result, net income attributable to owners of the parent was ¥75 million, down 74.3% from the previous fiscal year.」
Unlike the improvement in tax expense resulting from the reduction of capital in the previous fiscal year, deferred tax assets were written down following a recoverability review that took into account the impact of COVID-19, and an adjustment for corporate income taxes of ¥113 million was recognized. - FY2020-Q2Lapse of the one-off tax expense improvement effectAnnual report
「Although corporate income tax expense increased because the one-off improvement in tax expense resulting from the reduction of capital in the same period of the previous year had lapsed, quarterly net income attributable to owners of the parent was ¥148 million, up 3.2% year on year, resulting in higher sales and profit year on year.」
The one-off improvement in tax expense resulting from the reduction of capital in the same period of the previous year lapsed, and corporate income taxes increased in the current period. - FY2019AdvancedAnnual report
「As a result of the tax-rate change, deferred tax assets, net of deferred tax liabilities, increased by ¥8,037 thousand, and deferred tax liabilities related to revaluation increased by ¥286,747 thousand. The adjustment for corporate income taxes recognized in the current consolidated fiscal year decreased by ¥8,327 thousand, while valuation difference on available-for-sale securities decreased by ¥290 thousand and land revaluation difference decreased by ¥286,747 thousand.」
The reduction of capital resulted in specific effects on deferred tax assets and the adjustment for corporate income taxes due to the inapplicability of the size-based enterprise tax and a change in the effective tax rate. - FY2019-Q3AdvancedAnnual report
「After taking into account the corporate income tax burden, including the improvement in tax expense resulting from the reduction of capital effective 31 August 2018, quarterly net income attributable to owners of the parent was ¥162 million, down 26.9% year on year.」
The improvement in tax expense resulting from the reduction of capital in August 2018 was also reflected in the tax burden for the cumulative third quarter. - FY2019-Q2First statedAnnual report
「Following the reduction of capital to ¥100 million effective 31 August 2018, tax expense improved during the six-month period of the current consolidated fiscal year.」
Tax expense for the six-month period of the current consolidated fiscal year improved following the reduction of capital to ¥100 million. An adjustment for corporate income taxes was also recognized due to the additional recognition of deferred tax assets.