Recoverability of Deferred Tax Assets
First written in FY2021. 4 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Deferred tax assets are calculated based on various forecasts and assumptions, including future taxable income. Actual results may differ from those forecasts and assumptions because of deterioration in business conditions or the results of a tax audit.」
We continue to monitor the uncertainty associated with estimates of future taxable income and other factors in assessing the recoverability of deferred tax assets. - FY2025RestatedAnnual report
「Deferred tax assets are calculated based on various forecasts and assumptions, including future taxable income. Actual results may differ from those forecasts and assumptions because of deterioration in business conditions or the results of a tax audit.」
We continue to monitor estimates of future taxable income and other factors, as well as the risk of changes in operating conditions, in assessing the recoverability of deferred tax assets. - FY2024RestatedAnnual report
「Deferred tax assets are calculated based on various forecasts and assumptions, including future taxable income. Actual results may differ from those forecasts and assumptions because of deterioration in business conditions or the results of a tax audit.」
We continue to monitor estimates of future taxable income and other factors, as well as the risk of changes in operating conditions, in assessing the recoverability of deferred tax assets. - FY2022RestatedAnnual report
「Taxable income is estimated based on the medium-term management plan. If these estimates need to be revised due to changes in uncertain future economic conditions or other factors, this may have a material impact on the deferred tax assets and deferred income taxes recognized in the consolidated financial statements for the following consolidated fiscal year.」
We continue to monitor the estimated taxable income based on the medium-term management plan and the risk of changes in economic conditions in assessing the recoverability of deferred tax assets. - FY2021First statedAnnual report
「If it is determined, based on forecasts and assumptions regarding future taxable income, that some or all of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which may affect our group's operating results and financial position.」
This indicates that deferred tax assets may be reduced due to changes in assumptions regarding future taxable income, the medium-term management plan, the number of new housing starts and copper prices.