Risk of reversal of deferred tax assets
First written in FY2020. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Shinto Paint moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 9 of 21 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Tax loss carryforwards: ¥1,929 million; subtotal of valuation allowance: ¥2,946 million」
Tax loss carryforwards were ¥1,929 million and the subtotal of the valuation allowance was ¥2,946 million, both increasing from the previous fiscal year. The risk concerning the recoverability of deferred tax assets is increasing. - FY2025WorsenedAnnual report
「Tax loss carryforwards: ¥1,696 million; subtotal of valuation allowance: ¥2,579 million」
Tax loss carryforwards increased from ¥1,432 million in the previous fiscal year to ¥1,696 million, while the subtotal of the valuation allowance increased from ¥2,312 million to ¥2,579 million. - FY2022MaterialisedAnnual report
「Income taxes for the consolidated fiscal year were ¥764 million due to the reversal of deferred tax assets」
The risk concerning the recoverability of deferred tax assets actually materialised through a change in the company classification, an increase in the valuation allowance and the reversal of deferred tax assets. - FY2020First statedAnnual report
「If changes in forecasts or assumptions regarding future taxable income lead to a determination that part or all of the deferred tax assets cannot be recovered, the deferred tax assets may be reduced, which may affect our group’s financial position, results of operations and cash flows.」
The risk of reducing deferred tax assets due to changes in forecasts and assumptions regarding future taxable income was identified for the first time.