Risk Relating to Recoverability of Deferred Tax Assets
First written in FY2021. 2 of 4 entries say "Materialised", first in FY2024. Latest entry: FY2026.
Lixil moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 8 of 31 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the current fiscal year, it became possible that sufficient taxable income would not be generated to utilize some of the deferred tax assets of the Company and certain subsidiaries, so part of the carrying amount of those deferred tax assets was reduced.」
The risk concerning the recoverability of deferred tax assets materialized again during the current fiscal year, and deferred tax expense of ¥7,241 million was recognized based on the assessment of recoverability of deferred tax assets. - FY2025MaterialisedAnnual report
「During the current fiscal year, it became possible that sufficient taxable income would not be generated to utilize some of the deferred tax assets of the Company and certain subsidiaries, so part of the carrying amount of those deferred tax assets was reduced.」
The risk concerning the recoverability of deferred tax assets materialized again during the current fiscal year, and some deferred tax assets were reduced. - FY2024MaterialisedAnnual report
「During the current fiscal year, it became possible that sufficient taxable income would not be generated to utilize some of the deferred tax assets of the Company and certain subsidiaries, so part of the carrying amount of those deferred tax assets was reduced.」
The risk concerning the recoverability of deferred tax assets materialized, and some deferred tax assets were reduced. The likelihood of occurrence on the risk map was also changed from “Low” to “Medium.” - FY2021First statedAnnual report
「If it is determined as a result that some or all of the deferred tax assets cannot be recovered, those deferred tax assets will be reduced, which may adversely affect the Group’s operating results and financial position.」
For the first time, explicitly identified the recoverability of deferred tax assets, based on business plans amid population decline and falling housing starts, profitability improvement measures, and tax reforms, as a standalone business and other risk.