Recoverability of deferred tax assets and sales-volume forecasts
First written in FY2022. 3 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 16 of 55 companies on the "Worse" side.
74 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The key assumption in the medium-term management plan underlying estimates of future taxable income is the forecast sales volume for merchandise and products. Sales volumes are estimated primarily based on market trends and customer demand forecasts.」
The company continues to explain that the medium-term management plan and sales-volume forecasts are key assumptions in assessing the recoverability of deferred tax assets. - FY2024MaterialisedAnnual report
「The group assesses the recoverability of deferred tax assets relating to deductible temporary differences by taking into account forecast future taxable income, tax planning and other factors.」
Deferred tax assets decreased from ¥235.244 million in the previous fiscal year to ¥83.663 million, and a valuation allowance was recognized for the entire ¥666.399 million in tax-loss carryforwards. The recoverability risk based on sales-volume forecasts and other factors has materialized in the accounting treatment. - FY2024-Q3MaterialisedAnnual report
「At the end of the third quarter of the current fiscal year, the company reviewed the recoverability of its deferred tax assets based on its best estimates in light of future operating trends and other factors. As a result, it reversed deferred tax assets of ¥189.343 million and recorded the same amount as income taxes—deferred.」
The risk concerning the recoverability of deferred tax assets based on sales-volume forecasts and other factors materialized in the accounting treatment, and a ¥189.343 million write-down was recognized. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no new developments or material changes concerning the recoverability of deferred tax assets and sales-volume forecasts. - FY2023-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company stated that there had been no new developments or material changes concerning the recoverability of deferred tax assets and sales-volume forecasts. - FY2022First statedAnnual report
「The group assesses the recoverability of deferred tax assets relating to deductible temporary differences by taking into account forecast future taxable income, tax planning and other factors. Estimates of future taxable income are based on the medium-term management plan. The forecast sales volumes for merchandise and products, which are key assumptions, involve a high degree of estimation uncertainty. Changes in sales volumes may change estimated taxable income, which could affect the amount of deferred tax assets recognized and tax expenses.」
For deferred tax assets of ¥234.846 million, the company disclosed sales-volume forecasts based on its medium-term management plan as a key assumption in assessing recoverability. It indicated that changes in sales volumes could affect taxable income, deferred tax assets and tax expenses.