Recoverability of Deferred Tax Assets
First written in FY2018. 8 of 16 entries say "Restated". Latest entry: FY2026.
Chuo Spring moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 9 of 17 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The valuation allowance increased by ¥272.339 million. The main reasons for the increase were increases in the valuation allowance related to foreign tax credit carryforwards and in the valuation allowance related to impairment losses.」
The valuation allowance related to the recoverability of deferred tax assets increased by ¥272.339 million, reversing the decline in the valuation allowance through the previous fiscal year. - 2026-04-27MaterialisedEarnings
「During the full-year consolidated cumulative period for the fiscal year ending March 2026, we recorded a ¥1,415 million adjustment loss for income taxes and other taxes, mainly because a portion of the deferred tax assets recorded through the fiscal year ended March 2025 was reversed.」
Uncertainty regarding the recoverability of deferred tax assets actually emerged through the partial reversal of deferred tax assets and the recording of a ¥1,415 million adjustment loss for income taxes and other taxes. Canonical thread t37 itself unchanged. - FY2025MitigatedAnnual report
「The valuation allowance decreased by ¥162.566 million. The main reason for the decrease was a decrease in the valuation allowance related to tax loss carryforwards at consolidated subsidiaries.」
The valuation allowance related to the recoverability of deferred tax assets decreased by ¥162.566 million, partially reducing the impact of the uncertainty that had increased through the previous fiscal year. - FY2024MaterialisedAnnual report
「The valuation allowance increased by ¥114.231 million. The main reason for the increase was an increase in the valuation allowance related to tax loss carryforwards at consolidated subsidiaries.」
The uncertainty surrounding the recoverability of deferred tax assets materialized in the form of a ¥114.231 million increase in the valuation allowance. - FY2023MaterialisedAnnual report
「The valuation allowance increased by ¥175.907 million. The main reason for the increase was an increase in the valuation allowance related to tax loss carryforwards at consolidated subsidiaries.」
The uncertainty surrounding the recoverability of deferred tax assets materialized in the form of a ¥175.907 million increase in the valuation allowance related to tax loss carryforwards at consolidated subsidiaries. - FY2023-Q3RestatedAnnual report
「In making accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets, for the nine-month period of the current third quarter, there have been no material changes in the assumptions concerning the impact of the spread of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in its assumptions concerning the impact of COVID-19 on impairment losses on fixed assets and the recoverability of deferred tax assets. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes from the assumptions concerning the impact of the spread of COVID-19 described in the annual securities report for the previous consolidated fiscal year, which were used in making accounting estimates concerning impairment losses on property, plant and equipment and the recoverability of deferred tax assets.」
The company is reaffirming that there have been no material changes in the assumptions concerning the impact of COVID-19 used in estimating the recoverability of deferred tax assets and other items. - FY2022MaterialisedAnnual report
「The valuation allowance increased by ¥246.623 million. The main reason for the increase was an increase in the valuation allowance related to tax loss carryforwards at consolidated subsidiaries.」
The uncertainty surrounding the recoverability of deferred tax assets has materialized in the form of a ¥246.623 million increase in the valuation allowance related to tax loss carryforwards at consolidated subsidiaries. - FY2022-Q3RestatedAnnual report
「In making accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets, for the nine-month period of the current third quarter, there have been no material changes in the assumptions concerning the impact of the spread of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in its assumptions concerning the impact of COVID-19 on impairment losses on fixed assets and the recoverability of deferred tax assets. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes from the assumptions concerning the impact of the spread of COVID-19 described in the annual securities report for the previous consolidated fiscal year, which were used in making accounting estimates concerning impairment losses on property, plant and equipment and the recoverability of deferred tax assets.」
There have been no material changes in the accounting assumptions concerning the impact of the spread of COVID-19, and the company is reaffirming its policy for estimating the recoverability of deferred tax assets and other items. - FY2021-Q3RestatedAnnual report
「Although uncertainty surrounding the COVID-19 pandemic remained beyond the fourth-quarter consolidated accounting period, the company made accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that sales to its major customers would recover. The assumption is highly uncertain, and if the effects persist for an extended period, losses may arise in the future.」
While estimating the recoverability of deferred tax assets and other items based on the assumption that sales to major customers will recover, the company is reaffirming the uncertainty of that assumption and the possibility of losses if the effects persist for an extended period. - FY2021-Q2RestatedAnnual report
「Although uncertainty surrounding COVID-19 remained after the third-quarter consolidated accounting period, the company made accounting estimates concerning impairment losses on property, plant and equipment and the recoverability of deferred tax assets and other items on the assumption that sales to the Group's major customers would recover. These assumptions involve a high degree of uncertainty, and if the impact continues for an extended period, losses may arise in the future.」
Based on the assumption that sales to major customers will recover, the company estimates the recoverability of deferred tax assets and other items, while reaffirming that the assumption is highly uncertain and that prolonged effects could result in future losses. - FY2021-Q1WorsenedAnnual report
「These assumptions involve a high degree of uncertainty, and if the impact continues for an extended period, losses may arise in the future.」
The company estimates the recoverability of deferred tax assets and other items on the assumption that the impact of COVID-19 will begin to recover from the second quarter of fiscal 2020. However, it indicates that the assumptions involve a high degree of uncertainty and that losses may arise in the future if the impact is prolonged. - FY2020RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, a decline in the estimated amount may result in a reduction of deferred tax assets and the recognition of tax expense.」
The company has reaffirmed the risk that a decline in estimated future taxable income could result in a reduction of deferred tax assets and the recognition of tax expense. - FY2019RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, a decline in the estimated amount may result in a reduction of deferred tax assets and the recognition of tax expense.」
The company has reaffirmed the risk that a decline in estimated future taxable income could result in a reduction of deferred tax assets and the recognition of tax expense. - FY2018First statedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, a decline in the estimated amount may result in a reduction of deferred tax assets and the recognition of tax expense.」
The company identified for the first time, as a standalone accounting-estimate risk, the possibility that a decline in estimated future taxable income could result in a reduction of deferred tax assets and the recognition of tax expense.