Tax Loss Carryforward Risk
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 29 of 64 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「At the end of the eleventh fiscal year, the Company had tax loss carryforwards. Accordingly, corporate tax, local inhabitant tax and enterprise tax are not currently imposed at the normal tax rates. However, if the performance of the Company's group progresses smoothly relative to its business plan and the tax loss carryforwards are utilised, corporate tax, local inhabitant tax and enterprise tax will be recognised at the normal tax rates, which may materially affect net income or loss and cash flows for the fiscal year.」
The existence of tax loss carryforwards and the possibility of a tax burden at the normal tax rates when they are utilised have been reconfirmed. - FY2021RestatedAnnual report
「At the end of the tenth fiscal year, the Company had tax loss carryforwards. Accordingly, corporate tax, local inhabitant tax and enterprise tax are not currently imposed at the normal tax rates. However, if the Company's results perform smoothly relative to its business plan and the tax loss carryforwards are utilised, corporate tax, local inhabitant tax and enterprise tax will be recognised at the normal tax rates, which may materially affect net income or loss and cash flows for the fiscal year.」
The existence of tax loss carryforwards and the possibility of a tax burden at the normal tax rates when they are utilised have been reconfirmed. - FY2019RestatedAnnual report
「At the end of the eighth fiscal year, the Company had tax loss carryforwards.」
The existence of tax loss carryforwards and the risk of a tax burden when they are utilised have been reconfirmed. - FY2018Introduction of the consolidated taxation system explicitly statedAnnual report
「At the end of the seventh fiscal year, the Company had tax loss carryforwards. If the Company's results perform smoothly relative to its business plan and, following the introduction of the consolidated taxation system from the eighth fiscal year, the tax loss carryforwards are utilised, corporate tax, local inhabitant tax and enterprise tax will be recognised at the normal tax rates, which may affect net income or loss and cash flows for the fiscal year.」
The existence of tax loss carryforwards and the risk of a tax burden have been reconfirmed, and the explanation now assumes the introduction of the consolidated taxation system from the eighth fiscal year. - FY2017RestatedAnnual report
「At the end of the sixth fiscal year, the Company had tax loss carryforwards.」
The existence of tax loss carryforwards and the risk of a future tax burden if they are utilised have been reconfirmed. - FY2016First statedAnnual report
「At the end of the fifth fiscal year, the Company had tax loss carryforwards. If the Company's results perform smoothly relative to its business plan and the tax loss carryforwards are utilised, corporate tax, local inhabitant tax and enterprise tax will be recognised at the normal tax rates, which may affect net income or loss and cash flows for the fiscal year.」
This indicates the possibility of a tax burden arising when tax loss carryforwards are utilised.