Risk of Reversing Deferred Tax Assets
First written in FY2016. 4 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
32 other companies' latest entry also says "Other".
- FY2026Decrease in the amount of deferred tax assets recognizedAnnual report
「Deferred tax assets of ¥1,176 million were recognized as of the end of the fiscal year.」
Net deferred tax assets declined from ¥1,710 million in the previous fiscal year to ¥1,176 million. The disclosure continued to state that the amount may be affected by changes in estimates of future taxable income and other factors. - FY2024MitigatedAnnual report
「Net income for the period was ¥9,689 million, up 120.8% year on year, partly because deferred tax assets of ¥1,555 million were recognized at the end of the period in addition to the factors described above.」
Net deferred tax assets increased from ¥85 million at the end of the previous fiscal year to ¥1,640 million at the end of the current fiscal year, with the risk concerning the recoverability of deferred tax assets reflected as a recovery in the recognized amount. - FY2023MitigatedAnnual report
「Deferred tax assets of ¥530 million were recognized during the fiscal year.」
After ¥1,292 million of deferred tax assets was written down in the previous fiscal year, ¥530 million was recognized during the current fiscal year based on estimates of future taxable income and other factors, bringing net deferred tax assets on the balance sheet to ¥85 million. - FY2022MaterialisedAnnual report
「Deferred tax assets of ¥1,292 million were written down during the fiscal year.」
Against the backdrop of uncertainty regarding estimates of future taxable income and the COVID-19 pandemic, an additional ¥1,292 million of deferred tax assets was written down. Deferred tax assets at the end of the period were zero, while deferred tax liabilities were ¥454 million. - FY2021RestatedAnnual report
「Because deferred tax assets of ¥2,108 million were written down during the fiscal year, net loss for the period was ¥5,083 million, compared with net income of ¥736 million in the previous fiscal year.」
Against the backdrop of uncertainty regarding the recoverability of deferred tax assets, a ¥2,108 million write-down was reflected in the annual results. - FY2021-Q1MaterialisedAnnual report
「As a result, deferred tax assets of ¥2,108 million were written down during the first quarter accounting period.」
Against the backdrop of uncertainty in accounting estimates incorporating the impact of COVID-19 on demand, a write-down of deferred tax assets actually occurred. - FY2020WorsenedAnnual report
「Because this assumption involves significant uncertainty, if its impact persists over the long term, it may have a material effect on the financial statements from the following fiscal year onward.」
A business plan incorporating the impact of COVID-19 on demand was used to estimate the recoverability of deferred tax assets, and the assumptions were considered highly uncertain. - FY2019RestatedAnnual report
「If projections or assumptions regarding future taxable income change, deferred tax assets may be written down, potentially affecting our operating results.」
The risk of writing down deferred tax assets continued to be disclosed. - FY2018RestatedAnnual report
「If projections or assumptions regarding future taxable income change, deferred tax assets may be written down, potentially affecting our operating results.」
The risk of writing down deferred tax assets was reiterated. - FY2017RestatedAnnual report
「If projections or assumptions regarding future taxable income change, deferred tax assets may be written down, potentially affecting our operating results.」
The risk concerning the recoverability of deferred tax assets was reiterated. - FY2016First statedAnnual report
「If projections or assumptions regarding future taxable income change, deferred tax assets may be written down, potentially affecting our operating results.」
The recoverability of deferred tax assets is identified as a risk through changes in the outlook for taxable income.