Recoverability Risk for Deferred Tax Assets
First written in FY2021. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 20 of 61 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Because taxable income in previous years had been unstable, deferred tax assets have been recognized for deductible temporary differences expected to be recoverable over a certain period, based on conservative scheduling against the medium-term management plan. However, if future performance deteriorates and it becomes impossible to calculate taxable income exceeding the deductible temporary differences, the deferred tax assets may be written down.」
The conservative scheduling based on the medium-term management plan and the possibility of writing down deferred tax assets if performance deteriorates were reconfirmed. - FY2023RestatedAnnual report
「Because taxable income in previous years had been unstable, deferred tax assets have been recognized for deductible temporary differences expected to be recoverable over a certain period, based on conservative scheduling against the medium-term management plan. However, if future performance deteriorates and it becomes impossible to calculate taxable income exceeding the deductible temporary differences, the deferred tax assets may be written down.」
The recoverability of deferred tax assets was reconfirmed, including conservative scheduling and the possibility of a write-down if performance deteriorates. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the containment of COVID-19, described in the previous consolidated fiscal year's annual securities report under Additional Information (Accounting estimates related to the impact of the spread of COVID-19).」
The absence of material changes to the assumptions underlying accounting estimates, including the timing of the containment of the pandemic, was reconfirmed. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the containment of COVID-19, described in the previous consolidated fiscal year's annual securities report under Additional Information (Accounting estimates related to the impact of the spread of COVID-19).」
The absence of material changes to the assumptions underlying accounting estimates, including the timing of the containment of the pandemic, was reconfirmed. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the containment of COVID-19, described in the previous consolidated fiscal year's annual securities report under Additional Information (Accounting estimates related to the impact of the spread of COVID-19).」
The disclosure stated that there had been no material changes to the assumptions underlying accounting estimates, including the timing of the containment of the pandemic. - FY2021First statedAnnual report
「Given uncertainty caused by the spread of COVID-19 and uncertainty about achieving the profit plan due to various factors, if future performance deteriorates and it becomes impossible to calculate taxable income exceeding deductible temporary differences, deferred tax assets may be written down.」
The possibility of writing down deferred tax assets if future taxable income is insufficient due to uncertainty surrounding the pandemic and the profit plan was newly identified as a key risk.