Deferred Tax Asset Recoverability Risk
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
It was stated that there had been no material changes from the previous consolidated fiscal year to the accounting assumptions regarding the recoverability of deferred tax assets. - FY2021-Q2MaterialisedAnnual report
「In connection with the absorption-type merger of 東邦化学倉庫株式会社, which had been a wholly owned subsidiary, deferred tax assets previously recognized as assets were reclassified as a valuation allowance, increasing income taxes by ¥62 million. As a result, quarterly net loss attributable to owners of the parent was ¥59 million, compared with profit of ¥572 million in the same period of the previous year, forcing the company to report a loss.」
In connection with the absorption-type merger of 東邦化学倉庫株式会社, deferred tax assets previously recognized were reclassified as a valuation allowance, increasing income taxes by ¥62 million. The risk relating to the recoverability of deferred tax assets has materialized in the accounting treatment and tax burden. - FY2020MitigatedAnnual report
「Tax loss carryforwards (a) ¥588 million Valuation allowance △¥588 million Deferred tax assets －」
Tax loss carryforwards decreased from ¥975 million in the previous fiscal year to ¥588 million, and the amount of deferred tax assets recognized fell to zero. The uncertainty in the balance relating to recoverability changed from the previous fiscal year. - FY2019WorsenedAnnual report
「For tax loss carryforwards of ¥975 million, representing the amount after applying the statutory effective tax rate, the filing company recognized deferred tax assets of ¥259 million relating to its tax loss carryforwards.」
A valuation allowance of ¥715 million was recognized against tax loss carryforwards of ¥975 million, indicating specific uncertainty regarding the recoverability of deferred tax assets. - FY2017RestatedAnnual report
「If temporary differences and other items can no longer be scheduled, or if taxable income falls below the estimated amount, deferred tax assets may be reversed and tax expenses recognized.」
The policy of assessing the recoverability of deferred tax assets based on future scheduling and estimates of taxable income continues. - FY2016First statedAnnual report
「If temporary differences and other items can no longer be scheduled, or if taxable income falls below the estimated amount, deferred tax assets may be reversed and tax expenses recognized.」
Deferred tax assets are recognized after assessing the recoverability of deductible temporary differences in the future.