Recoverability of Deferred Tax Assets
First written in FY2016. 10 of 16 entries say "Restated". Latest entry: FY2024-Q3.
Nippon Shikizai moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Although signs of recovery from the effects of COVID-19 have emerged, they are difficult to reasonably forecast at this time. We have therefore assumed that the effects will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
While recognizing the recovery trend from the effects of the infectious disease, estimates concerning the recoverability of deferred tax assets and other items continue to be made on the assumption that the effects will continue through the end of the fiscal year. - FY2024-Q2RestatedAnnual report
「Although signs of recovery from the effects of COVID-19 have emerged, they are difficult to reasonably forecast at this time. We have therefore assumed that the effects will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
While recognizing the recovery trend from the effects of the infectious disease, estimates concerning the recoverability of deferred tax assets and other items continue to be made on the assumption that the effects will continue through the end of the fiscal year. - FY2023-Q3RestatedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The assumption that the effects of the infectious disease would continue through the end of the current consolidated fiscal year continues to be reflected in estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2023-Q2RestatedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The assumption that the effects of the infectious disease would continue through the end of the current consolidated fiscal year continues to be reflected in estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2023-Q1MitigatedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The accounting assumption regarding the effects of the infectious disease, which at the end of the previous fiscal year had extended through the end of the following consolidated fiscal year, has reverted to the end of the current consolidated fiscal year. - FY2022WorsenedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the following consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The accounting assumption regarding the effects of the infectious disease was extended from the end of the current consolidated fiscal year to the end of the following consolidated fiscal year, and uncertainty concerning the recoverability of deferred tax assets and other items continues. - FY2022-Q3RestatedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The assumption that the effects of the infectious disease would continue through the end of the current consolidated fiscal year continues to be reflected in estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2022-Q2RestatedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The assumption that the effects of the infectious disease would continue through the end of the fiscal year continues to be reflected in estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2022-Q1RestatedAnnual report
「Although the effects of COVID-19 are difficult to reasonably forecast at this time, we have assumed that they will continue through the end of the current consolidated fiscal year and have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The assumption that the effects of the infectious disease would continue through the end of the fiscal year continues to be reflected in accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2021MaterialisedAnnual report
「Net loss attributable to owners of the parent was ¥848 million, a deterioration of ¥1,132 million from net income attributable to owners of the parent in the previous consolidated fiscal year, mainly due to the recognition of a ¥128 million extraordinary loss associated with the closure of the Suita Plant and the write-down of deferred tax assets following a careful review of their recoverability, resulting in the recognition of ¥88 million in income taxes—deferred.」
The risk concerning the recoverability of deferred tax assets materialized in the form of a write-down of deferred tax assets and the recognition of ¥88 million in income taxes—deferred. - FY2021-Q3RestatedAnnual report
「In making accounting estimates, including impairment testing for fixed assets and assessing the recoverability of deferred tax assets, the company assumed that the impact of COVID-19 would continue through the end of the consolidated fiscal year.」
The assumption that the effects of the infectious disease would continue through the end of the current consolidated fiscal year continues to be reflected in accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. - FY2021-Q2WorsenedAnnual report
「In making accounting estimates, including impairment testing for fixed assets and assessing the recoverability of deferred tax assets, the company assumed that the impact of COVID-19 would continue through the end of the consolidated fiscal year.」
The impact of the infectious disease, previously assumed to continue through the first and second quarters, has been reflected in accounting estimates on the assumption that it will continue through the end of the consolidated fiscal year. - FY2021-Q1Reflected the impact of infectious disease in accounting estimatesAnnual report
「In making accounting estimates, including impairment testing for fixed assets and assessing the recoverability of deferred tax assets, the company assumed that the impact of COVID-19 would continue through the first and second quarters.」
For accounting estimates, including the recoverability of deferred tax assets, the company assumed that the impact of COVID-19 would continue through the first and second quarters. - FY2018RestatedAnnual report
「If the Group determines that all or part of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which may affect the Group's financial position and operating results.」
The company reiterates the recoverability of deferred tax assets and the risk of reductions arising from changes in tax legislation and other factors. - FY2017RestatedAnnual report
「If the Group determines that all or part of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which may affect the Group's financial position and operating results.」
The company reiterates the recoverability of deferred tax assets and the risk of reductions arising from changes in tax legislation. - FY2016First statedAnnual report
「If the Group determines that all or part of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which may affect the Group’s performance and financial position.」
Differences in forecasts and assumptions regarding future taxable income, as well as tax-law changes, are identified as risks that could reduce deferred tax assets.