Expiration or Inability to Use Tax Loss Carryforwards for Tax Purposes
First written in FY2022. 2 of 4 entries say "Worsened", first in FY2024. Latest entry: FY2025.
Elements moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
31 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Tax loss carryforwards (c) 2,718,923」
Tax loss carryforwards increased from ¥702.461 million in the previous fiscal year to ¥2,718.923 million, with a valuation allowance recorded for the entire amount. - FY2024WorsenedAnnual report
「Tax loss carryforwards (c) 702,461」
Tax loss carryforwards increased from ¥619.975 million in the previous fiscal year to ¥702.461 million, with a valuation allowance recorded for the entire amount. - FY2023RestatedAnnual report
「The Group currently has tax loss carryforwards. If the tax loss carryforwards are used as the Group’s operating performance progresses in line with its business plan, or expire and are eliminated, so that taxable income can no longer be offset by the tax loss carryforwards, corporate tax, inhabitant tax, and enterprise tax will be recorded at the applicable standard tax rates, which may affect net income or net loss and cash flows.」
The risk that the use or expiry of tax loss carryforwards will affect the tax burden and cash flows is reiterated. - FY2022First statedAnnual report
「The Group currently has tax loss carryforwards.」
The disclosure indicates that the use or expiry of tax loss carryforwards may affect future corporate taxes and cash flows.