Change in the Method of Calculating Tax Expense to Accelerate and Improve the Efficiency of Quarterly Financial Reporting
First written in FY2023-Q1. 4 of 5 entries say "Restated". Latest entry: FY2025-H1.
81 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The Company continues to apply the method of calculating income taxes to accelerate and streamline quarterly and interim financial reporting. - FY2024-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The Company continues to apply the method of calculating income taxes introduced to accelerate and streamline quarterly financial reporting. - FY2024-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year that includes the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The Company continues to apply the method of calculating income taxes introduced to accelerate and streamline quarterly financial reporting. - FY2023-Q2RestatedAnnual report
「Previously, income taxes were calculated using the standard method. To respond to quarterly financial reporting more quickly and efficiently, from the first quarter the Company changed the method used to calculate income taxes for the Company and its consolidated subsidiaries to the method described under “Specific accounting treatment applied in preparing the quarterly consolidated financial statements.” As the impact of this change is immaterial, the Company has not applied it retrospectively.」
The Company continued to disclose in the second quarter its policy of changing the method of calculating income taxes from the first quarter. The impact of the change was described as immaterial. - FY2023-Q1First statedAnnual report
「Previously, income taxes were calculated using the standard method. To respond to quarterly financial reporting more quickly and efficiently, from the first quarter of the current fiscal year the Company changed the method used to calculate income taxes for the Company and its consolidated subsidiaries to the method described under “Specific accounting treatment applied in preparing the quarterly consolidated financial statements.” As the impact of this change is immaterial, the Company has not applied it retrospectively.」
To respond to quarterly financial reporting more quickly and efficiently, the Company changed its method of calculating income taxes from the first quarter of the current fiscal year. The impact of the change was immaterial, so it was not applied retrospectively.