Sakai Heavy Industries (6358) · FactSpecific impact of the U.S. tax rate cut
Reversal of Deferred Tax Assets Following Enactment of U.S. Tax Cut Bill
First written in FY2018-Q3. . Latest entry: FY2018.
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Reduction in deferred tax assets and increase in tax expense resulting from US tax reformA theme 5 companies write about · 5 as a headwind · 0 as a tailwind
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- FY2018Specific impact of the U.S. tax rate cutAnnual report
「Under this tax reform law, the U.S. federal corporate tax rate applicable to the Company's U.S. consolidated subsidiary was reduced from 35% to 21%. As a result of this rate change, deferred tax assets, net of deferred tax liabilities, decreased by ¥228,240 thousand, while adjustments to corporate income taxes increased by ¥228,240 thousand.」
The company disclosed the specific impact of the reduction in the U.S. federal corporate tax rate from 35% to 21% following enactment of the U.S. tax cut legislation, including the ¥228,240 thousand decrease in deferred tax assets. - FY2018-Q3First statedAnnual report
「Net income attributable to owners of the parent remained at ¥1,399,338 thousand, up 69.3% year on year, after ¥250 million in deferred tax assets was written down following enactment of the U.S. tax cut legislation.」
The company stated that ¥250 million in deferred tax assets was written down following enactment of the U.S. tax cut legislation, limiting the increase in quarterly net income attributable to owners of the parent to 69.3% year on year.