Revision of Deferred Tax Assets and Other Items Following Reduction in Corporate Tax Rate
First written in FY2016-Q3. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
The whole theme swung hardest in 2018: 6 of 33 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting and other standards have been applied from the beginning of the first quarter of the current consolidated fiscal year, and deferred tax assets are presented under investments and other assets.」
The company continues to disclose the application of partial amendments to the accounting standards for tax effect accounting and the change in the presentation category for deferred tax assets. - FY2016RestatedAnnual report
「Following this tax rate change, deferred tax assets, net of deferred tax liabilities, decreased by ¥8.140 million, while adjustments for corporate income taxes and other securities valuation difference increased by ¥8.605 million and ¥465,000, respectively.」
Adjustments to deferred tax assets and other items associated with the reduction in the corporate tax rate were disclosed on a full-year basis. - FY2016-Q3First statedAnnual report
「Following this tax rate change, deferred tax assets, net of deferred tax liabilities, decreased by ¥7.358 million, while adjustments for corporate income taxes and other securities valuation difference increased by ¥7.736 million and ¥378,000, respectively.」
The filing describes adjustments to deferred tax assets and other items following a change in the statutory effective tax rate due to amendments to legislation.