Streamlining quarterly financial closing operations by changing the method used to calculate tax expense
First written in FY2021-Q1. 9 of 10 entries say "Restated". Latest entry: FY2026-H1.
80 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year including the interim period of the current consolidated fiscal year, and multiplying interim income before income taxes by that estimated effective tax rate.」
The interim financial reporting method of calculating tax expense using the estimated effective tax rate continues to be applied. - FY2025-H1RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The quarterly and interim financial reporting method of calculating tax expense using the estimated effective tax rate continues to be applied. - FY2024-Q3RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year including the third quarter of the current consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate continued to be applied in the third quarter. - FY2023-Q3RestatedAnnual report
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate continued to be applied in the third quarter. - FY2023-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate continued to be applied in the second quarter of the current fiscal year. - FY2023-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year that includes the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate introduced in the first quarter of the previous fiscal year continued to be applied in the first quarter of the current fiscal year. - FY2022-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate introduced in the first quarter continued to be applied in the second quarter. - FY2021-Q3RestatedAnnual report
「Previously, tax expenses for the company and its consolidated subsidiaries were calculated using the standard method. However, from the first quarter of the consolidated fiscal year, the method has been changed to calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate introduced in the first quarter continued to be applied in the third quarter. - FY2021-Q2RestatedAnnual report
「Previously, tax expenses for the company and its consolidated subsidiaries were calculated using the standard method. However, from the first quarter of the consolidated fiscal year, the method has been changed to calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
The tax expense calculation method using an estimated effective tax rate introduced in the first quarter continued in the second quarter. - FY2021-Q1First statedAnnual report
「Previously, the Company and its consolidated subsidiaries generally calculated tax expense using the standard method. To further improve the efficiency of quarterly closing, from the first quarter of the current consolidated fiscal year we changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax profit for the consolidated fiscal year and applies that estimated effective tax rate to pretax quarterly profit.」
Beginning with the first quarter of the fiscal year, the method of calculating tax expense was changed to one using an estimated effective tax rate, with the aim of streamlining quarterly reporting. The impact was immaterial, and no retrospective application was made.