Review of Deferred Tax Asset Recoverability and Reversal of Valuation Allowance
First written in FY2020. 2 of 5 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Valuation allowance (456,206) (426,982)」
The valuation allowance related to deferred tax assets decreased from ¥456.206 million in the previous fiscal year to ¥426.982 million, while net deferred tax assets also increased. - FY2024Slight increase in valuation allowanceAnnual report
「Valuation allowance (353,378) (355,171)」
The valuation allowance increased from ¥353.378 million in the previous fiscal year to ¥355.171 million, while net deferred tax assets increased from ¥14.362 million to ¥60.900 million. - FY2023MitigatedAnnual report
「The valuation allowance decreased by ¥86.481 million, primarily because the Company reviewed the recoverability of deferred tax assets following an improvement in its performance.」
Following the improvement in performance, the Company reviewed the recoverability of deferred tax assets, resulting in an ¥86.481 million decrease in the valuation allowance. - FY2021WorsenedAnnual report
「The valuation allowance increased by ¥74.633 million, primarily because the Company additionally recognized a valuation allowance related to equipment used for development and research.」
The valuation allowance related to the recoverability of deferred tax assets increased by ¥74.633 million, due to the additional recognition related to equipment used for development and research. - FY2020MaterialisedAnnual report
「The valuation allowance increased by ¥247.465 million, primarily because deferred tax assets were written down following a review of their recoverability, among other factors.」
In light of the lull in domestic capital investment demand and the outlook for an economic slowdown caused by COVID-19, the Company reviewed the recoverability of deferred tax assets and wrote them down.