Recoverability of Deferred Tax Assets
First written in FY2018. 11 of 13 entries say "Restated". Latest entry: FY2026.
TAKADAKIKO(Steel Construction) moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In light of the Company's challenging business environment, it wrote down deferred tax assets. As a result, total income taxes, including income taxes—deferred, amounted to ¥233.866 million, an increase from the previous fiscal year, and net loss for the current period was ¥535.286 million, compared with net income of ¥343.687 million in the previous period.」
Deferred tax assets were written down in response to the worsening operating environment, resulting in total income taxes, including income taxes—deferred, of ¥233.866 million for the current period. The recoverability risk materialized in the results. - FY2023RestatedAnnual report
「As a measure to address this risk, the Company carefully examines the feasibility of the profit plan used as the basis for assessing the recoverability of deferred tax assets and recognizes deferred tax assets only for taxable income estimated reasonably and conservatively.」
The Company continues its policy of carefully examining the feasibility of the profit plan and recognizing deferred tax assets only for conservatively estimated taxable income. - FY2023-Q2RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the impact on its future results will be minor. There have been no material changes from the information stated in the annual securities report for the previous fiscal year.」
The Company continued to estimate deferred tax assets and other items on the assumption that COVID-19 would have a minor impact on results, and reconfirmed that there had been no material changes from the previous fiscal year. - FY2023-Q1RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the impact on its future results will be minor. There have been no material changes from the information stated in the annual securities report for the previous fiscal year.」
The Company continues to estimate the recoverability of deferred tax assets and other items on the assumption that COVID-19 will have a minor impact on results, stating that there have been no material changes from the previous fiscal year. - FY2022RestatedAnnual report
「As a measure to address this risk, the Company carefully examines the feasibility of the profit plan used as the basis for assessing the recoverability of deferred tax assets and recognizes deferred tax assets only for taxable income estimated reasonably and conservatively.」
The Company reconfirmed its policy of carefully examining the feasibility of the profit plan and recognizing deferred tax assets only for conservatively estimated taxable income. - FY2022-Q2RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the effects will continue for part of the fiscal year ending March 2022, as the timing of containment remains unforeseeable. There have been no material changes from the information stated in the annual securities report for the previous fiscal year.」
Assuming that the timing of containment of the infection remains unforeseeable, the Company is estimating the recoverability of deferred tax assets and other items and has reconfirmed that there have been no material changes from the previous fiscal year. - FY2022-Q1RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the effects will continue for part of the fiscal year ending March 2022, as the timing of containment remains unforeseeable.」
Assuming that the timing of containment of the infection remains unforeseeable, the Company is estimating the recoverability of deferred tax assets and other items based on an assumed impact over part of the fiscal year ending March 2022. There have been no material changes from the previous fiscal year. - FY2021RestatedAnnual report
「In making accounting estimates, including the recoverability of deferred tax assets, the Company has made its best estimate as of the end of the current fiscal year on the assumption that the impact of COVID-19 on its future results will be minor.」
The Company is estimating the recoverability of deferred tax assets on the assumption that the infection will have a minor impact on results, while also stating the uncertainty surrounding the estimates. - FY2021-Q3RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the effects will continue for part of the fiscal year ending March 2021, as the timing of containment remains unforeseeable. There have been no material changes from the information stated in the annual securities report for the previous fiscal year.」
Assuming that the timing of containment of the infection remains unforeseeable, the Company is estimating the recoverability of deferred tax assets and other items and has reconfirmed that there have been no material changes from the previous fiscal year. - FY2021-Q2RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the effects will continue for part of the fiscal year ending March 2021, as the timing of containment remains unforeseeable. There have been no material changes from the information stated in the annual securities report for the previous fiscal year.」
Assuming that the timing of containment of the infection remains unforeseeable, the Company is estimating the recoverability of deferred tax assets and other items and has reconfirmed that there have been no material changes from the previous fiscal year. - FY2021-Q1RestatedAnnual report
「Regarding the impact of COVID-19, the Company is making accounting estimates, including the recoverability of deferred tax assets, on the assumption that the effects will continue for part of the fiscal year ending March 2021, as the timing of containment remains unforeseeable. There have been no material changes from the information stated in the annual securities report for the previous fiscal year.」
Assuming that the timing of containment of COVID-19 remains unforeseeable, the Company is estimating the recoverability of deferred tax assets and other items. It explicitly states, however, that there have been no material changes from the previous fiscal year. - FY2019RestatedAnnual report
「However, if actual taxable income differs from forecasts and a reassessment of recoverability becomes necessary, or if tax legislation changes, including changes in tax rates, the calculation of deferred tax assets will need to be reassessed.」
The Company continues to disclose the risk that the recoverability of deferred tax assets may need to be reassessed due to changes in taxable income or tax legislation. - FY2018First statedAnnual report
「However, if actual taxable income differs from forecasts and a reassessment of recoverability becomes necessary, or if tax legislation changes, including changes in tax rates, the calculation of deferred tax assets will need to be reassessed. If this results in the need to write down deferred tax assets, it could have a material impact on the Company's results.」
The Company has newly disclosed the risk that the recoverability of deferred tax assets may need to be reassessed and the assets written down due to changes in taxable income or tax legislation.