Risk to the recoverability of deferred tax assets due to uncertainty in the economic environment and raw materials markets
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
5 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Estimates of future taxable income used in assessing the recoverability of deferred tax assets involve uncertainty regarding economic conditions and trends in raw material markets. If the key assumptions underlying these estimates change, the amount of deferred tax assets in the consolidated financial statements for the following consolidated fiscal year could be materially affected.」
The company continues to disclose the risk that uncertainty in economic conditions and raw material markets may affect the recoverability of deferred tax assets. Net deferred tax assets amounted to ¥13.171 million. - FY2024First statedAnnual report
「Estimates of future taxable income used in assessing the recoverability of deferred tax assets involve uncertainty regarding economic conditions and trends in raw material markets. If the key assumptions underlying these estimates change, the amount of deferred tax assets in the consolidated financial statements for the following consolidated fiscal year could be materially affected.」
Net deferred tax assets declined from ¥104.909 million in the previous fiscal year to ¥9.220 million, while the valuation allowance before offsetting against deferred tax liabilities also increased. Economic conditions, raw material prices, foreign exchange rates and the cost ratio are the key assumptions in the business plan.