Recoverability of Deferred Tax Assets
First written in FY2018. 3 of 5 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2022.
Sakai Heavy Industries moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 17 of 45 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「This resulted from recognizing ¥415.253 million in deferred tax assets after a sharp recovery in demand turned profit before income taxes positive and, following a comprehensive assessment, the recoverability of the assets was reconsidered.」
In light of the sharp recovery in demand and return to profitability at the North American subsidiary, ¥415.253 million in deferred tax assets was recognized, reducing the impact of the recoverability risk that emerged in the previous fiscal year. - FY2021MaterialisedAnnual report
「Profit attributable to owners of the parent fell 99.1% from the previous consolidated fiscal year to ¥4.001 million as a result of writing down ¥380 million in deferred tax assets at a North American operating subsidiary.」
The write-down of ¥380 million in deferred tax assets at a North American operating subsidiary also occurred for the full fiscal year, reducing profit attributable to owners of the parent to ¥4.001 million. - FY2021-Q3MaterialisedAnnual report
「Profit attributable to owners of the parent was a loss of ¥285.211 million as a result of writing down ¥370 million in deferred tax assets at a North American operating subsidiary.」
The write-down of ¥370 million in deferred tax assets actually occurred at a North American operating subsidiary, resulting in a loss in profit attributable to owners of the parent for the quarter. - FY2021-Q2MaterialisedAnnual report
「Profit attributable to owners of the parent was a loss of ¥373.651 million as a result of writing down ¥380 million in deferred tax assets related to tax loss carryforwards and other items at a North American operating subsidiary.」
The write-down of ¥380 million in deferred tax assets related to tax loss carryforwards and other items actually occurred, resulting in a ¥373.651 million loss in profit attributable to owners of the parent for the quarter. - FY2018First statedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If the estimated amount decreases, deferred tax assets may be reduced and tax expense may be recognized.」
The disclosure identifies as a risk the possibility that a decrease in estimated future taxable income could result in a reduction of deferred tax assets and recognition of tax expense.