Recoverability of Deferred Tax Assets Based on COVID-19 Assumptions
First written in FY2021. 5 of 8 entries say "Restated". Latest entry: FY2024.
- FY2024DroppedAnnual report
「The Group estimates taxable income before the reversal and addition of temporary differences and other items based on the following fiscal year’s consolidated accounting year and the medium-term management plan, both of which were formulated after examining recent demand and price trends.」
Regarding the recoverability of deferred tax assets, the previous disclosures of specific assumptions concerning COVID-19 have been removed, and the explanation is now based on demand and price trends and the medium-term management plan. - FY2023MitigatedAnnual report
「Regarding the impact of COVID-19, taxable income for future fiscal years is estimated based on the assumption that the impact will be limited, as efforts are made to balance infection prevention with social and economic activity.」
Regarding the recoverability of deferred tax assets, the assumption has changed from the previous assumption that the impact of the infectious disease would continue to the assumption that the impact will be limited. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Significant Accounting Estimates and Recoverability of Deferred Tax Assets.」
Regarding the recoverability of deferred tax assets, the explanation that there has been no material change in the assumptions made in the previous fiscal year regarding the impact of COVID-19 continues to be provided. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Significant Accounting Estimates and Recoverability of Deferred Tax Assets.」
Regarding the recoverability of deferred tax assets, the assumptions made in the previous fiscal year regarding the impact of COVID-19 continue to be applied. - FY2022RestatedAnnual report
「Based on information and forecasts currently available, taxable income for future fiscal years is estimated on the assumption that the current situation will continue through the fiscal year ending March 2023, but the spread of infection will not become more serious than at present and will gradually subside.」
Regarding the recoverability of deferred tax assets, the assumption that the impact of the infectious disease will continue through the fiscal year ending March 2023 but will not become more serious and will gradually subside continues to be applied. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Significant Accounting Estimates and Recoverability of Deferred Tax Assets.」
There has been no material change in the assumptions made in the previous fiscal year regarding the impact of COVID-19 on the recoverability of deferred tax assets. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Significant Accounting Estimates and Recoverability of Deferred Tax Assets.」
It is stated that there has been no material change from the assumptions made in the previous fiscal year regarding the impact of COVID-19 on the recoverability of deferred tax assets. - FY2021First statedAnnual report
「It is difficult to objectively predict the impact of COVID-19 on the Group's companies in future fiscal years. Accordingly, based on information and forecasts currently available, taxable income for future fiscal years is estimated on the assumption that the current situation will continue through the fiscal year ending March 2022, but the spread of infection will not become more serious than at present and will gradually subside.」
Regarding the recoverability of deferred tax assets of ¥228.856 million, the assumption is that the current situation will continue through the fiscal year ending March 2022, but the spread of infection will not become more serious and will gradually subside. The potential impact if estimates differ from actual results is also described.