Recoverability of deferred tax assets and estimates of future taxable income
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, any change in the assumptions underlying those estimates could have a material impact on the amounts of deferred tax assets and deferred income taxes in the consolidated financial statements for the following consolidated fiscal year.」
Net deferred tax assets increased to ¥145.412 million, but the Company continues to disclose the recoverability risk arising from dependence on business-plan assumptions, including future sales, selling, general and administrative expenses, and operating profit margins. - FY2025RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, any change in the assumptions underlying those estimates could have a material impact on the amounts of deferred tax assets and deferred income taxes in the consolidated financial statements for the following consolidated fiscal year.」
Net deferred tax assets increased from ¥67.908 million to ¥112.338 million, but the Company continues to disclose the risk that their recoverability depends on business-plan assumptions, including future sales, selling, general and administrative expenses, and operating profit margins. - FY2024First statedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, any change in the assumptions underlying those estimates could have a material impact on the amounts of deferred tax assets and deferred income taxes in the consolidated financial statements for the following consolidated fiscal year.」
While recognising deferred tax assets of ¥67.908 million in the current fiscal year, the Company newly specified the risk that their recoverability depends on business-plan assumptions, including future sales, selling, general and administrative expenses, and operating profit margins.