Risk of Expiration of Tax Loss Carryforwards
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2024.
Money Forward moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2024ReframedAnnual report
「As of the end of November 2024, the Company had tax loss carryforwards. Accordingly, it is currently not subject to corporate, inhabitant or enterprise taxes calculated at the standard tax rates. However, if the tax loss carryforwards are eliminated as the Company's operating results develop favorably in the future, corporate, inhabitant and enterprise taxes calculated at the standard rates will be imposed on taxable income, which may affect the Group's operating results and cash flows.」
In addition to the previous risk of expiration of tax loss carryforwards, the disclosure has been reorganized to explain the risk of a tax burden at the standard rates arising after the tax losses are eliminated. - FY2024-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
This is a comprehensive statement that there have been no material changes in the risk of expiration of tax loss carryforwards. - FY2023-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
This is a comprehensive statement that there have been no material changes in the risk of expiration of tax loss carryforwards. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is stated that there have been no material changes in the risk of expiration of tax loss carryforwards. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It is stated that there have been no material changes in the risk of expiration of tax loss carryforwards. - FY2017First statedAnnual report
「If tax loss carryforwards expire because of a downturn in the Group's operating results or for other reasons, they will no longer be deductible from taxable income.」
The disclosure newly states that tax loss carryforwards are assumed to be deducted before their expiration, but may expire following a downturn in operating results, potentially increasing the tax burden.