Recoverability Risk for Deferred Tax Assets
First written in FY2019. 4 of 6 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2022: 10 of 35 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Valuation allowance △2,925 △497」
The valuation allowance for deferred tax assets decreased from ¥2,925 million at the end of the previous fiscal year to ¥497 million. - FY2025MitigatedAnnual report
「Valuation allowance △3,738 △2,925」
The valuation allowance for deferred tax assets decreased from ¥3,738 million at the end of the previous fiscal year to ¥2,925 million. - FY2024MitigatedAnnual report
「Valuation allowance △3,961 △3,738」
The valuation allowance for deferred tax assets decreased from ¥3,961 million at the end of the previous fiscal year to ¥3,738 million, indicating a numerical decline in the burden related to recoverability. - FY2023MitigatedAnnual report
「Valuation allowance △4,552 △3,961」
The valuation allowance for deferred tax assets decreased from ¥4,552 million at the end of the previous fiscal year to ¥3,961 million, representing a numerical decline from the previously reported increase in the burden related to recoverability. - FY2021WorsenedAnnual report
「The valuation allowance increased by ¥1,526 million. This was mainly due to the recognition of a ¥2,919 million impairment loss on fixed assets at PT.NICHIAS ROCKWOOL INDONESIA, a consolidated subsidiary.」
The valuation allowance increased by ¥1,526 million, mainly due to the recognition of impairment losses on fixed assets, increasing the burden related to the recoverability of deferred tax assets. - FY2019First statedAnnual report
「In recognizing deferred tax assets, the Company carefully considers the sufficiency of future taxable income and other factors. However, if it determines that all or part of the deferred tax assets cannot be recovered, it may be necessary to reverse them.」
The disclosure describes the risk of reversing deferred tax assets if they are deemed unrecoverable, which are recognized on the assumption that sufficient future taxable income will be generated.