Recognition of deferred income tax expense due to the reversal of deferred tax assets
First written in FY2019. 2 of 6 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2019: 3 of 16 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- FY2024-Q3Recognition of an income taxes adjustmentAnnual report
「Adjustment to corporate income taxes △ 41 67」
The adjustment to corporate income taxes changed from income of ¥41 million in the same period of the previous year to an expense of ¥67 million in the current period. - FY2021-Q3RestatedAnnual report
「Following a review of the recoverability of deferred tax assets based on the above assumptions, a portion of the deferred tax assets was reversed, while impairment losses on fixed assets were recognized.」
In light of the impact of the pandemic and the assumptions regarding a recovery in demand, the Company continued to reverse a portion of its deferred tax assets and recognize impairment losses on fixed assets. - FY2021-Q2Continued reversal of deferred tax assets in response to the impact of the pandemicAnnual report
「Following a review of the recoverability of deferred tax assets, a portion of the deferred tax assets was reversed, while impairment losses on fixed assets were recognized.」
In light of the deterioration in the full-year outlook due to the pandemic and the assumptions regarding a recovery in demand, the Company continued to reverse a portion of its deferred tax assets and recognize impairment losses on fixed assets. - FY2021-Q1Reversal of deferred tax assets in response to the impact of COVID-19Annual report
「Net income or loss attributable to owners of the parent was a loss of ¥645 million, following the reversal of deferred tax assets in anticipation of the impact of COVID-19 on full-year results, compared with a loss of ¥97 million in the same period of the previous year.」
In anticipation of the impact of COVID-19 on full-year results, deferred tax assets were reversed and an adjustment to corporate income taxes of ¥124 million was recognized. - FY2020RestatedAnnual report
「Adjustment to corporate income taxes 1,328 407」
The Company also recognized an adjustment to corporate income taxes of ¥407 million for the current fiscal year and disclosed changes in tax effects, including the recoverability of deferred tax assets. - FY2019First statedAnnual report
「In addition, an adjustment to corporate income taxes, representing a loss, was recognized in connection with the reversal of deferred tax assets. As a result, net income attributable to owners of the parent for the fiscal year was a loss of ¥2,032 million, compared with income of ¥413 million in the previous fiscal year.」
An adjustment to corporate income taxes of ¥1,328 million was recognized in connection with the reversal of deferred tax assets, contributing to the net loss attributable to owners of the parent for the fiscal year.