Change to Calculation of Quarterly Tax Expense Using the Estimated Effective Tax Rate
First written in FY2022-Q1. 4 of 5 entries say "Restated". Latest entry: FY2025-Q1.
79 other companies' latest entry also says "Restated".
- FY2025-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate. - FY2024-Q3RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, including the third quarter of the current fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate. - FY2022-Q3RestatedAnnual report
「Previously, tax expenses were generally calculated using the standard method. However, to further improve the efficiency of the Group's quarterly financial reporting, from the first quarter of the fiscal year we changed to a method under which the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year is reasonably estimated and multiplied by pretax quarterly income.」
The company has reconfirmed the method of calculating quarterly tax expense using the estimated effective tax rate introduced in the first quarter. - FY2022-Q2RestatedAnnual report
「Previously, tax expenses were generally calculated using the standard method. However, to further improve the efficiency of the Group's quarterly financial reporting, from the first quarter of the fiscal year we changed to a method under which the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year is reasonably estimated and multiplied by pretax quarterly income.」
The company has reconfirmed that, from the first quarter of the current fiscal year, it changed to a method of calculating quarterly tax expense using the estimated effective tax rate. - FY2022-Q1First statedAnnual report
「Tax expense had previously been calculated using the standard method. However, to further improve the efficiency of the group's quarterly closing procedures, from the first quarter of the current fiscal year, the company has changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, and calculates quarterly tax expense by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
To improve the efficiency of the quarterly closing procedures, the company changed from the first quarter of the current fiscal year to a method of calculating tax expense using the estimated effective tax rate. The impact was immaterial, so the change was not applied retrospectively.