Change in the Statutory Effective Tax Rate and Increase in Deferred Tax Assets Following a Capital Reduction
First written in FY2023-Q1. 1 of 7 entries say "Reframed", first in FY2023-Q2. Latest entry: FY2025.
2 other companies' latest entry also says "Other".
- FY2025Deferred tax assets decreased significantlyAnnual report
「Deferred tax assets (Note) 236,455 67,428」
Deferred tax assets decreased from ¥236.455 million in the previous fiscal year to ¥67.428 million. Deferred tax expense for the current fiscal year was ¥168.656 million, mainly due to a review of the recoverability of deferred tax assets. - FY2024Change in the Statutory Effective Tax Rate to 30.60% and Decrease in Deferred Tax AssetsAnnual report
「Because stated capital exceeded ¥100.000 million during the consolidated fiscal year, making the company subject to the enterprise-size-based local business tax, the statutory effective tax rate was changed to 30.60%.」
The statutory effective tax rate, which had been changed to 34.4% after the capital reduction in FY2023, was changed to 30.60% following the application of the size-based enterprise tax due to capital exceeding ¥100 million. Deferred tax assets decreased from ¥242.761 million to ¥236.455 million. - FY2024-Q2Decrease in Corporate Income Tax Expense Following Revision of the Forecast Period for Future Taxable IncomeAnnual report
「At the end of the second quarter of the current fiscal year, the company revised the forecast period for future taxable income and reflected the change in the calculation of the estimated average annual effective tax rate. As a result, corporate income tax expense decreased by ¥104.332 million in both the cumulative second-quarter period and the second-quarter period.」
The forecast period for future taxable income was revised and reflected in the estimated average annual effective tax rate, resulting in a ¥104.332 million decrease in corporate income tax expense. - FY2023Increase in Deferred Tax Asset BalanceAnnual report
「Deferred tax assets (Note) (Before offsetting deferred tax liabilities) 138,059 246,953」
Gross deferred tax assets increased from ¥138.059 million in the previous fiscal year to ¥246.953 million, while net deferred tax assets increased from ¥131.196 million to ¥242.761 million. - FY2023-Q3Increase in Deferred Tax Assets ExpandedAnnual report
「As a result, deferred tax assets, net of deferred tax liabilities, increased by ¥275.259 million, and corporate income tax expense for the cumulative third-quarter period decreased by the same amount.」
Against the background of the change in the statutory effective tax rate following the capital reduction and the revision of the forecast of future taxable income, the increase in deferred tax assets expanded from ¥220.593 million in FY2023-Q2 to ¥275.259 million. - FY2023-Q2ReframedAnnual report
「During the second quarter of the current fiscal year, the company revised its estimate of future taxable income and consequently revised deferred tax assets to the amount expected to be recoverable within the range in which taxable income is expected to arise. As a result, deferred tax assets, net of deferred tax liabilities, increased by ¥220.593 million at the end of the cumulative second-quarter period, and corporate income tax expense for the cumulative second-quarter period decreased by the same amount.」
Following the increase resulting from the change in the statutory effective tax rate in FY2023-Q1, deferred tax assets increased by ¥220.593 million this time, while corporate income tax expense decreased by the same amount, due to a revision of the forecast of future taxable income. - FY2023-Q1First statedAnnual report
「As the capital reduction to ¥10.000 million on 23 December 2022 rendered the enterprise-size-based local business tax inapplicable, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities was changed from 30.6% to 34.4%. As a result of this tax rate change, deferred tax assets, net of deferred tax liabilities, increased by ¥60.995 million at the end of the first quarter of the current fiscal year, and corporate income tax expense for the cumulative first-quarter period decreased by the same amount.」
The company disclosed for the first time that, following the inapplicability of the enterprise-size-based local business tax after the capital reduction, the statutory effective tax rate was changed from 30.6% to 34.4%, increasing deferred tax assets by ¥60.995 million.