Recoverability of Deferred Tax Assets and Risk of Future Reversal
First written in FY2023. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Cosmo Energy Holdings moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 19 of 59 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Group reports deferred tax assets of ¥30,150 million on its consolidated balance sheet.」
Deferred tax assets decreased from ¥33,016 million in the previous fiscal year to ¥30,150 million. The possibility of write-downs resulting from changes in future assumptions continues to be disclosed. - FY2025WorsenedAnnual report
「The valuation allowance increased by ¥6,276 million.」
Deferred tax assets decreased from ¥37,846 million in the previous fiscal year to ¥33,016 million, while the valuation allowance increased by ¥6,276 million. The risk of write-downs resulting from changes in estimated future taxable income continues to be disclosed. - FY2024Decrease in deferred tax assets and valuation allowanceAnnual report
「The Group reports deferred tax assets of ¥37,203 million on its consolidated balance sheet.」
Deferred tax assets decreased from ¥42,588 million in the previous fiscal year to ¥37,203 million, and the valuation allowance also decreased. The possibility of write-downs resulting from changes in future assumptions continues to be disclosed. - FY2023First statedAnnual report
「If it is determined that the tax benefits based on estimated future taxable income cannot be realized, the deferred tax assets will be written down, which may affect the operating results and financial position of the Group.」
The recoverability of ¥42,588 million in deferred tax assets was assessed based on the Seventh Consolidated Medium-Term Management Plan and the outlook for crude oil prices, domestic market conditions and high refinery utilization. The risk of write-downs resulting from changes in future estimates was disclosed separately.