Recoverability of Deferred Tax Assets
First written in FY2016. 10 of 16 entries say "Restated". Latest entry: FY2026.
Nakanishi Mfg. moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2022: 9 of 33 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Net deferred tax assets (liabilities) 290,416 △1,144」
Net deferred tax assets of ¥290.416 million in the previous fiscal year changed to net deferred tax liabilities of ¥1.144 million in the current fiscal year. The valuation allowance for deferred tax assets also increased from ¥57.961 million to ¥102.325 million, reflecting recoverability risk in the accounting balance. - FY2025Increase in deferred tax assets and greater specificity of estimation methodsAnnual report
「For deductible temporary differences, the company assesses the recoverability of deferred tax assets based on estimates of future taxable income founded on future earning capacity. Regarding future taxable income, the company holds regular meetings and receives reports from branches, sales offices and business divisions on sales activities, market and customer trends, and the status of individual projects.」
Net deferred tax assets increased from ¥241.417 million to ¥290.416 million. Regarding the recoverability assessment, the company provides specific details of its method of making forecasts based on reports about project trends and order probability. - FY2024RestatedAnnual report
「For deductible temporary differences, the company assesses the recoverability of deferred tax assets based on estimates of future taxable income founded on future earning capacity.」
The company continues to recognize the risk associated with assessing the recoverability of deferred tax assets based on estimates of future earning capacity and taxable income. - FY2024-Q2RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the accounting estimates section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions for estimates of deferred tax assets and other items. - FY2024-Q1RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the accounting estimates section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions for estimates of deferred tax assets and other items. - FY2023SoftenedAnnual report
「We consider the impact of COVID-19 on our business activities to be limited. Although the current state of the food service industry suggests that the impact will remain for a certain period, in light of Japan's reclassification of COVID-19 under the Infectious Diseases Act to Category 5 in May 2023 and the WHO's lifting of its declaration of a public health emergency of international concern for COVID-19, we expect conditions to gradually return to normal.」
The company assesses the impact of the pandemic as limited and expects conditions to gradually return to normal following the Category 5 reclassification and the WHO's lifting of its public health emergency declaration. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the accounting estimates section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions. - FY2023-Q1RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the accounting estimates section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions. - FY2022RestatedAnnual report
「Although we consider the impact of COVID-19 on our business activities to be limited, given the circumstances facing the national and local governments and the state of the food service industry amid the spread of the Omicron variant, we expect this impact to continue for a certain period.」
Regarding the recoverability of deferred tax assets, the company continues to use estimates based on forecasts reflecting the pandemic's impact, the profit planning meeting and the probability of securing projects. - FY2022-Q1RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the accounting estimates section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions. - FY2021SoftenedAnnual report
「Although we consider the impact of COVID-19 on our business activities to be limited, given the circumstances facing the national and local governments and the state of the food service industry under the government's state of emergency declaration, we expect this impact to continue for a certain period.」
Regarding the pandemic assumptions used in assessing the recoverability of deferred tax assets, the wording has changed from the specific previous deadline of the end of March 2021 to a statement that the impact will continue for a certain period. Meanwhile, the impact on business activities is described as limited. - FY2021-Q3RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the additional information section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions. - FY2021-Q1RestatedAnnual report
「There were no material changes to the assumptions used in the accounting estimates related to COVID-19 described in the additional information section of the previous fiscal year's annual securities report.」
The company states that there were no material changes to the assumptions used in accounting estimates related to COVID-19 and has maintained its assumptions regarding the recoverability of deferred tax assets. - FY2020WorsenedAnnual report
「Future taxable income is calculated based on forecasts that assume the COVID-19 pandemic will end by the end of March 2021.」
Regarding the recoverability of deferred tax assets, the company assumed that the COVID-19 pandemic would end by the end of March 2021, explicitly indicating reliance on estimates concerning the pandemic's impact. - FY2018RestatedAnnual report
「If it is determined that all or part of the deferred tax assets cannot be realized in the future, the amount will be deducted from deferred tax assets as a valuation allowance and the same amount will be recognized as deferred income taxes.」
The possibility of deducting deferred tax assets based on expected future taxable income continues to be disclosed. - FY2016First statedAnnual report
「If it is determined that all or part of the deferred tax assets cannot be realized in the future, the amount will be deducted from deferred tax assets as a valuation allowance and the same amount will be recognized as deferred income taxes.」
The disclosure addresses the possibility of deducting deferred tax assets as expectations for future taxable income change.