Change in Tax Expense Calculation Method to Accelerate and Improve the Efficiency of Quarterly Closing
First written in FY2021-Q3. 6 of 7 entries say "Restated". Latest entry: FY2026-H1.
79 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「For the Company and certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year including the interim consolidated accounting period, and multiplying pretax interim net income by that estimated effective tax rate.」
The Company continues to calculate tax expenses using the estimated effective tax rate, with no substantive change to the accounting treatment intended to accelerate and streamline quarterly and interim financial reporting. - FY2024-Q1RestatedAnnual report
「For the Company and certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year including the first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method of calculating tax expenses using an estimated effective tax rate, introduced to accelerate and streamline quarterly financial reporting, continues. - FY2023-Q3RestatedAnnual report
「For the Company and certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year including the third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method of calculating tax expenses using an estimated effective tax rate, introduced to accelerate and streamline quarterly financial reporting, continues. - FY2023-Q1RestatedAnnual report
「For the Company and certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year including the first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method of calculating tax expenses using an estimated effective tax rate, introduced to accelerate and streamline quarterly financial reporting, continues. - FY2022-Q3RestatedAnnual report
「For the Company and certain consolidated subsidiaries, tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year including the third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method of calculating tax expenses using an estimated effective tax rate, introduced to accelerate and streamline quarterly financial reporting, continues. - FY2022-Q1RestatedAnnual report
「Previously, tax expenses were calculated using the same method as for the annual financial statements. However, from the third-quarter consolidated accounting period of the previous fiscal year, the Company and certain consolidated subsidiaries have changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year, and calculates tax expenses by multiplying pretax quarterly net income by that estimated effective tax rate.」
The method of calculating tax expenses using the estimated effective tax rate, changed from the third-quarter consolidated accounting period of the previous fiscal year, has continued in the first quarter. The policy of accelerating and streamlining quarterly financial reporting has been reaffirmed. - FY2021-Q3First statedAnnual report
「Previously, tax expenses were calculated using the same method as for the annual financial statements. However, from the third-quarter consolidated accounting period, the Company and certain consolidated subsidiaries have changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year, and calculates tax expenses by multiplying pretax quarterly net income by that estimated effective tax rate. This change was made to ensure faster and further streamline the quarterly consolidated financial reporting process of the Group.」
From the third-quarter consolidated accounting period, the Company changed to a method of calculating tax expenses using an estimated effective tax rate, describing for the first time a measure intended to accelerate and streamline quarterly consolidated financial reporting.