Utilization of Tax Loss Carryforwards and Higher Tax Burden
First written in FY2020. 2 of 4 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2026: 29 of 61 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「There were no applicable matters for the consolidated fiscal year ended 31 December 2024.」
The deferred tax assets related to tax loss carryforwards recognised in the previous fiscal year were no longer recorded in the current fiscal year, eliminating the balance associated with this risk. - FY2022MitigatedAnnual report
「We have recognised deferred tax assets for the full amount of tax loss carryforwards of ¥13,183 thousand, calculated by applying the statutory effective tax rate. This is because, based on projected future taxable income, we determined that the full amount of the tax loss carryforwards is recoverable.」
Tax loss carryforwards decreased from ¥29,257 thousand to ¥13,183 thousand, and deferred tax assets were recognised for the full amount. - FY2021RestatedAnnual report
「As of the end of the current fiscal year, we had tax loss carryforwards.」
The company continues to describe the existence of tax loss carryforwards and the possibility of an increased tax burden when they are utilised. - FY2020First statedAnnual report
「As of the end of the current fiscal year, we had tax loss carryforwards. Tax loss carryforwards can generally be deducted from future taxable income, reducing future tax payments, but depending on the content of future tax reforms, it may not be possible to reduce the tax burden.」
The company describes the potential utilisation of tax loss carryforwards and the impact on the tax burden and cash flow of tax reforms or the utilisation of the loss carryforwards.