Changes in Accounting Standards and Tax Regulations
First written in FY2021. 2 of 6 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 2 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「The Group has applied the following standard from the current interim consolidated fiscal period. Standard: IAS 1. Title: Presentation of Financial Statements. Revision clarifying the requirements for classifying liabilities as current or non-current and requiring disclosure of information about non-current liabilities with covenants. The application of this standard had no material impact on the condensed interim consolidated financial statements.」
Regarding the risk of changes in accounting standards, the Company applied the amendments to IAS 1 but explained that there was no material impact on the condensed interim consolidated financial statements. - FY2024RestatedAnnual report
「The Group has applied the following standard from the current consolidated fiscal year. There is no material impact on the consolidated financial statements for the current consolidated fiscal year. Standard: IAS 12. Income Taxes.」
As a response to changes in accounting standards and tax legislation, the Group applied the amendments to IAS 12, but explained that there was no material impact on the consolidated financial statements for the current consolidated fiscal year. - FY2024-Q3RestatedAnnual report
「The Group has applied the following standard from the first quarter consolidated accounting period. Standard: IAS 12. Standard name: Income Taxes. Amendment clarifying the accounting treatment for deferred taxes on transactions involving leases and decommissioning obligations, among others, where an entity recognizes both an asset and a liability. The application of this standard has no material impact on the condensed quarterly consolidated financial statements for the period.」
The Company continued to state that, although it applied the amendments to IAS 12, there was no material impact on the condensed quarterly consolidated financial statements for the period. - FY2024-Q1MitigatedAnnual report
「The Group has applied the following standard from the current first quarter of the consolidated fiscal year. Standard: IAS 12. Title: Income Taxes. Revision clarifying the accounting treatment of deferred tax for transactions involving leases and decommissioning obligations, etc. (transactions in which an entity recognizes both an asset and a liability). The application of this standard had no material impact on the condensed interim consolidated financial statements.」
The Company explained that, although it applied the amendments to IAS 12, there was no material impact on the condensed quarterly consolidated financial statements for the period. - FY2023AdvancedAnnual report
「The Group has applied the following standards from the current consolidated fiscal year. There is no impact on the consolidated financial statements for the current consolidated fiscal year.」
Regarding the risk of changes in accounting standards and tax legislation, the Group applied the amendments to IFRS 3 and IAS 12 from FY2023. It stated that there was no impact on the financial statements and that the impact of standards to be applied from the fiscal year ending March 2024 onward was under consideration. - FY2021First statedAnnual report
「However, if new accounting standards or tax legislation are introduced or changed at a time when it is difficult to obtain information in advance, or if additional tax liabilities arise due to differences in interpretation with tax authorities, this may affect the Company's business results and financial condition.」
Disclosed the introduction or amendment of accounting standards and tax legislation, and additional burdens arising from differences in interpretation with tax authorities, as new standalone risks.