Recoverability of deferred tax assets
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Deferred tax assets are calculated based on various forecasts and assumptions, including future taxable income. Actual results may differ from those forecasts and assumptions because of deterioration in business conditions or the results of a tax audit.」
The Company continues to disclose the risk of reducing deferred tax assets if forecasts or assumptions concerning future taxable income change. - FY2025RestatedAnnual report
「Deferred tax assets are calculated based on various forecasts and assumptions, including future taxable income. Actual results may differ from those forecasts and assumptions because of deterioration in business conditions or the results of a tax audit.」
The Company continues to disclose the risk of reducing deferred tax assets if forecasts or assumptions concerning future taxable income change. - FY2023First statedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, if future taxable income declines because the conditions or assumptions underlying those estimates change, deferred tax assets could be reduced and tax expense recognized.」
The Company discloses the risk that changes in estimates or assumptions concerning future taxable income could reduce deferred tax assets.