Deferred Tax Asset Recoverability and Future Taxable Income Risk
First written in FY2021. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Takamatsu Machinery moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
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 ¥100 million from the previous consolidated fiscal year. The main reason for this increase was an increase in the valuation allowance related to tax loss carryforwards.」
Regarding deferred tax asset recoverability risk, the valuation allowance increased from ¥990 million to ¥1,090 million, and the allowance related to tax loss carryforwards also increased. - FY2025WorsenedAnnual report
「The valuation allowance increased by ¥495 million from the previous consolidated fiscal year. The main reason for this increase was a change in the company classification used by us when assessing the recoverability of deferred tax assets.」
Regarding deferred tax asset recoverability risk, the valuation allowance increased by ¥495 million, and deferred tax assets changed from ¥98 million to a net liability of ¥469 million. The estimation risk in tax-effect accounting was quantified further. - FY2025-H1MaterialisedAnnual report
「In addition, the write-down of deferred tax assets resulted in an interim net loss attributable to owners of the parent of ¥784 million, compared with an interim net loss attributable to owners of the parent of ¥133 million in the same period of the previous year.」
A write-down of deferred tax assets actually occurred, resulting in ¥485 million being recorded as deferred income taxes. The recoverability risk dependent on estimates of future taxable income and other factors was reflected in earnings. - FY2021First statedAnnual report
「Deferred tax assets are calculated based on forecasts and assumptions regarding future taxable income. If these forecasts or assumptions change, or if tax laws, including tax rate changes, or accounting standards are amended, the deferred tax asset calculation may need to be revised, potentially affecting the performance of our group.」
The recoverability of deferred tax assets was disclosed separately as a risk dependent on assumptions regarding future taxable income and other factors. Deferred tax assets were ¥972 million before offsetting, with a valuation allowance of ¥524 million.