Tax burden arising from the utilization of tax loss carryforwards
First written in FY2023. 1 of 3 entries say "Reframed", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, if significant changes in the economic environment or other factors alter or reduce the conditions and assumptions underlying those estimates, this could materially affect the recoverability of deferred tax assets from the following consolidated fiscal year onward.」
The company continues to identify the recoverability of deferred tax assets as dependent on estimates of future taxable income. Deferred tax assets were ¥303,939 thousand at the end of December 2025. - FY2024ReframedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, if significant changes in the economic environment or other factors alter or reduce the conditions and assumptions underlying those estimates, this could materially affect the recoverability of deferred tax assets from the following fiscal year onward.」
The focus has shifted from the previous risk of a normal-rate tax burden following utilization of tax loss carryforwards to the recoverability of deferred tax assets of ¥345,007 thousand and estimates of future taxable income. - FY2023First statedAnnual report
「If the statutory period allowed for tax purposes expires before we record profit corresponding to the tax losses and the losses lapse, or if the tax loss carryforwards are utilized as our performance progresses favorably, corporate tax, inhabitant tax, and enterprise tax based on normal tax rates will arise and could affect our operating results and cash flows.」
The company identifies the possibility of a tax burden at normal rates if tax loss carryforwards lapse due to expiration or are utilized.