Changing the Method of Calculating Tax Expenses to Accelerate Quarterly Closing
First written in FY2017-Q1. 13 of 14 entries say "Restated". Latest entry: FY2026-H1.
79 other companies' latest entry also says "Restated".
- FY2026-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 method of calculating interim-period 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 method of calculating interim-period tax expense using the estimated effective tax rate continues to be applied. - FY2024-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 current first quarter and multiplying pretax quarterly income by that estimated effective tax rate.」
The method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - 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 method of calculating third-quarter tax expenses using the estimated effective tax rate continues to apply. - 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 method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2020-Q3RestatedAnnual 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 current first quarter and multiplying pretax quarterly income by that estimated effective tax rate.」
The method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2020-Q1RestatedAnnual 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 method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2019-Q4RestatedAnnual 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 method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2019-Q3RestatedAnnual 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 current first quarter and multiplying pretax quarterly income by that estimated effective tax rate.」
The method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2018-Q4RestatedAnnual 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 method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2018-Q3RestatedAnnual 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 current first quarter and multiplying pretax quarterly income by that estimated effective tax rate.」
The method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2018-Q1RestatedAnnual 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 method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2017-Q3RestatedAnnual 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 current first quarter and multiplying pretax quarterly income by that estimated effective tax rate.」
The method of calculating quarterly tax expenses using the estimated effective tax rate continues to apply. - FY2017-Q1First statedAnnual report
「Tax expenses had previously been calculated using the same method as for the annual financial statements. From the first quarter of the consolidated accounting period, the method was changed to reasonably estimate the effective tax rate after applying tax-effect accounting expected for the annual financial statements and calculate tax expenses by multiplying quarterly profit before income taxes by that estimated effective tax rate. This change was made to further improve the efficiency of quarterly closing procedures for the Company and its consolidated subsidiaries and to facilitate faster quarterly closing.」
From the first quarter, the Company changed to a method using the estimated effective tax rate, improving the efficiency and speed of quarterly closing procedures.