Recoverability risk for deferred tax assets
First written in FY2016. 10 of 12 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「These estimates may be affected by changes in uncertain future economic conditions and other factors. If the timing and amount of taxable income actually generated differ from the estimates, they may have a material impact on the amount of deferred tax assets in the financial statements for the following fiscal year.」
The company continues to disclose the uncertainty regarding the recoverability of deferred tax assets and its estimation method based on business plans and market conditions. Deferred tax assets totaled ¥60.232 million. - FY2023RestatedAnnual report
「These estimates may be affected by changes in uncertain future economic conditions and other factors. If the timing and amount of taxable income actually generated differ from the estimates, they may have a material impact on the amount of deferred tax assets in the financial statements for the following fiscal year.」
The company continues to disclose the uncertainty regarding the recoverability of deferred tax assets and its estimation method based on business plans and market conditions. Deferred tax assets totaled ¥56.869 million. - FY2022RestatedAnnual report
「These estimates may be affected by changes in uncertain future economic conditions and other factors. If the timing and amount of taxable income actually generated differ from the estimates, they may have a material impact on the amount of deferred tax assets in the financial statements for the following fiscal year.」
The company continues to disclose the uncertainty regarding the recoverability of deferred tax assets and its estimation method based on business plans, market conditions and the status of the infectious disease. Deferred tax assets totaled ¥68.257 million. - FY2022-Q2RestatedAnnual report
「After reassessing the impact of reduced revenue caused by the spread of COVID-19 as of the end of the previous fiscal year, the company reflected it in projected future taxable income based on the assumption that recovery would require approximately 1 additional year. However, the forecast for when COVID-19 will subside involves a considerable degree of uncertainty, and if the timing differs substantially from the company’s forecast, a substantial reversal of deferred tax assets may occur.」
The company continues to disclose the assumption that recovery from the impact of the infectious disease will require approximately 1 additional year, as well as the risk of reversing deferred tax assets if the outcome differs from the forecast. - FY2022-Q1RestatedAnnual report
「After reassessing the impact of reduced revenue caused by the spread of COVID-19 as of the end of the previous fiscal year, the company reflected it in projected future taxable income based on the assumption that recovery would require approximately 1 additional year. However, the forecast for when COVID-19 will subside involves a considerable degree of uncertainty, and if the timing differs substantially from the company’s forecast, a substantial reversal of deferred tax assets may occur.」
The company continues to disclose the assumption that recovery from the impact of the infectious disease will require approximately 1 additional year, as well as the risk of reversing deferred tax assets if the outcome differs from the forecast. - FY2021RestatedAnnual report
「Deferred tax assets are recognized based on ordinary profit projected under future business plans, with taxable income adjusted to reflect the past performance of each business, market conditions and the status of COVID-19, and estimated according to the timing and amount of its occurrence.」
The company recognized deferred tax assets of ¥112.869 million and assumed that recovery from the impact of the infectious disease would require approximately 1 additional year. It continues to disclose the risk of reversal if estimates differ from actual results. - FY2021-Q3RestatedAnnual report
「As of the end of the previous fiscal year, the impact of reduced revenue caused by the spread of COVID-19 was reflected in projected future taxable income based on the assumption that it would largely recover in approximately 1 year. However, the forecasts for when COVID-19 will subside and for the amount of its impact on taxable income involve a considerable degree of uncertainty, and if these differ substantially from the company’s forecasts, a substantial reversal of deferred tax assets may occur.」
The company continues to explain that there is uncertainty regarding when the infectious disease will subside and its impact on taxable income, and that deferred tax assets may be reversed if the outcome differs substantially from the forecast. - FY2021-Q2RestatedAnnual report
「The forecast for when the COVID-19 pandemic will subside involves a considerable degree of uncertainty, and if the timing differs substantially from the company’s forecast, a substantial reversal of deferred tax assets may occur.」
The company has continued since the end of the previous fiscal year to disclose the possibility that uncertainty regarding when the infectious disease will subside could lead to a reversal of deferred tax assets. - FY2020WorsenedAnnual report
「The forecast for when the COVID-19 pandemic will subside involves a considerable degree of uncertainty, and if the timing differs substantially from the company’s forecast, a substantial reversal of deferred tax assets may occur.」
The company has further specified the impact on the recoverability of deferred tax assets based on the uncertainty regarding when the infectious disease will subside. - FY2018RestatedAnnual report
「If temporary differences and other items cannot be scheduled, or if the company determines that sufficient taxable income cannot be secured due to declining profitability, a tax expense may be recognized through the reversal of deferred tax assets, potentially adversely affecting the company’s results of operations.」
The company continues to disclose risks concerning the recoverability of deferred tax assets. Deferred tax assets totaled ¥94.281 million at the end of the fiscal year. - FY2017RestatedAnnual report
「If temporary differences and other items cannot be scheduled, or if the company determines that sufficient taxable income cannot be secured due to declining profitability, a tax expense may be recognized through the reversal of deferred tax assets, potentially adversely affecting the company’s results of operations.」
The company continues to disclose risks concerning the recoverability of deferred tax assets. Deferred tax assets totaled ¥91.6 million for the fiscal year. - FY2016First statedAnnual report
「If temporary differences and other items cannot be scheduled, or if the company determines that sufficient taxable income cannot be secured due to declining profitability, a tax expense may be recognized through the reversal of deferred tax assets, potentially adversely affecting the company’s results of operations.」
The company recognized deferred tax assets during the fiscal year, and income taxes—deferred was negative ¥102 million.