Change in Tax Expense Calculation Method to Accelerate and Streamline Quarterly Financial Reporting
First written in FY2018-Q1. 13 of 14 entries say "Restated". Latest entry: FY2024-Q2.
81 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current second-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating quarterly tax expenses using the estimated effective tax rate. - FY2024-Q1RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current first-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating quarterly tax expenses using the estimated effective tax rate. - FY2023-Q1RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current first-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating quarterly tax expenses using the estimated effective tax rate. - FY2022-Q1RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current first-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating quarterly tax expenses using the estimated effective tax rate. - FY2021-Q3RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current third-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating tax expenses using the estimated effective tax rate. - FY2021-Q1RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current first-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating quarterly tax expenses using the estimated effective tax rate. - FY2020-Q3RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current third-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating quarterly tax expenses using the estimated effective tax rate. - FY2020-Q1RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current first-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method introduced in the first quarter for calculating tax expenses using the estimated effective tax rate. - FY2019-Q3RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current third-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method introduced in the first quarter for calculating quarterly tax expenses using the estimated effective tax rate. - FY2019-Q2RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current second-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating tax expenses using the estimated effective tax rate introduced in the first quarter. - FY2019-Q1RestatedAnnual report
「Except at certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before tax for the consolidated fiscal year including the current first-quarter consolidated accounting period, and multiplying quarterly profit before tax by that estimated effective tax rate.」
The company continues to apply the method of calculating tax expenses using the estimated effective tax rate introduced in the first quarter. - FY2018-Q3RestatedAnnual report
「Taxes were previously calculated using the same method as for annual financial statements. From the first quarter of the current consolidated fiscal year, except at certain consolidated subsidiaries, the company has changed to a method of reasonably estimating the effective tax rate after applying tax-effect accounting expected for the annual financial statements and multiplying quarterly profit before tax by that estimated effective tax rate. This change is intended to record tax expenses corresponding to profit in each quarter, further improve the efficiency of the Group’s quarterly closing procedures, and facilitate faster quarterly financial reporting.」
The company restated the method introduced in the first quarter of calculating tax expenses using the estimated effective tax rate, and its purpose of improving the efficiency and speed of quarterly financial reporting. - FY2018-Q2RestatedAnnual report
「Taxes were previously calculated using the same method as for annual financial statements. From the first quarter of the current consolidated fiscal year, except at certain consolidated subsidiaries, the company has changed to a method of reasonably estimating the effective tax rate after applying tax-effect accounting expected for the annual financial statements and multiplying quarterly profit before tax by that estimated effective tax rate. This change is intended to record tax expenses corresponding to profit in each quarter, further improve the efficiency of the Group’s quarterly closing procedures, and facilitate faster quarterly financial reporting.」
The company restated the method introduced in the first quarter of calculating tax expenses using the estimated effective tax rate, and its purpose of improving the efficiency and speed of quarterly financial reporting. - FY2018-Q1First statedAnnual report
「Taxes were previously calculated using the same method as for annual financial statements. From the first quarter of the current consolidated fiscal year, except at certain consolidated subsidiaries, the company has changed to a method of reasonably estimating the effective tax rate after applying tax-effect accounting expected for the annual financial statements and multiplying quarterly profit before tax by that estimated effective tax rate. This change is intended to record tax expenses corresponding to profit in each quarter, further improve the efficiency of the Group’s quarterly closing procedures, and facilitate faster quarterly financial reporting.」
From the first quarter, the company changed to a method of calculating tax expenses using the estimated effective tax rate, as a measure to align tax expenses with quarterly profit and improve the efficiency and speed of the closing process.