Uncollected Foreign Indirect Taxes and Payment Burden
First written in FY2025-H1. 1 of 3 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「Special gains for the current fiscal year amounted to ¥50 million, primarily because the Company recognised a ¥50 million gain on reversal of the provision for foreign indirect taxes.」
The Company recognised a ¥50 million gain on reversal of the provision for foreign indirect taxes recorded in the previous fiscal year. - FY2026-H1RestatedAnnual report
「Interim accounting period (from 1 April 2025 to 30 September 2025): No applicable matters.」
Although no additional expense for the provision for foreign indirect taxes was recorded during the interim accounting period, a provision of ¥349 million remains on the interim balance sheet. - FY2025-H1MaterialisedAnnual report
「During the second quarter of the current fiscal year, the Company decided to estimate foreign indirect taxes that had not been collected from users in its merchandising services, including US sales tax, and to file and pay those taxes at its own expense. As a result, the Company will record a special loss of ¥450 million as an expense for the provision for foreign indirect taxes, representing the estimated amount payable.」
The Company decided to file and pay, at its own expense, foreign indirect taxes that had not been collected from users in its merchandising services, including US sales tax, and recorded the estimated payable amount of ¥450 million as an expense for the provision for foreign indirect taxes and as a special loss.