Risk of Future Tax Burden Associated with Tax Loss Carryforwards
First written in FY2019. 9 of 13 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 28 of 54 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「With respect to deferred tax assets, after carefully considering their recoverability in light of the current period’s operating results and future plans, the Company reversed the valuation allowance recognized in prior years and recorded deferred tax assets of ¥693 million at the end of the current consolidated fiscal year.」
Regarding the recoverability of deferred tax assets, using ARR and other factors as key assumptions, reversed the valuation allowance recognized in prior years and recorded deferred tax assets of ¥693 million. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there had been no new developments or material changes in the risks concerning tax loss carryforwards and the recoverability of deferred tax assets. - FY2023ReframedAnnual report
「The key assumption in the future business plan underlying the estimate of taxable income is ARR as of the end of each consolidated fiscal year.」
The focus of the disclosure shifted from the previous explanation centered on tax loss carryforwards to the risk concerning the recoverability of deferred tax assets, with ARR growth as the key assumption. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2022RestatedAnnual report
「If the number of licenses at the end of each consolidated fiscal year, a key assumption, declines due to changes in the business environment or the spread of coronavirus disease, estimates of taxable income may change. This could materially affect the assessment of the recoverability of deferred tax assets.」
Continued to disclose the recoverability of deferred tax assets based on the number of licenses and the impact on estimates of a future decline in the number of licenses. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2021-Q3RestatedAnnual report
「During the nine-month consolidated period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2020MitigatedAnnual report
「Tax loss carryforwards 72,583 －」
The tax loss carryforward balance related to the ¥237 million recorded in FY2019 was no longer presented in FY2020, indicating that the balance underlying the future tax burden risk had decreased or been eliminated. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
Concluded that there had been no new developments or material changes in the risk of future tax burdens associated with tax loss carryforwards. - FY2019First statedAnnual report
「As of 31 August 2019, the Company had tax loss carryforwards of ¥237 million.」
Disclosed the risk that the ¥237 million in tax loss carryforwards may not qualify for tax relief due to tax reforms or other factors, and that corporate taxes arising after their utilization could affect operating results and cash flows.