Standardization and efficiency gains in tax expense calculations following the management integration
First written in FY2020-Q2. 8 of 9 entries say "Restated". Latest entry: FY2026-H1.
80 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Income 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 interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The method of calculating interim-period tax expense using the estimated effective tax rate, introduced following the management integration, continues to be applied. - FY2024-Q2RestatedAnnual 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 that includes the second quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced following the management integration, continues to be applied. - FY2024-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced following the management integration, continues to be applied. - FY2023-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced following the management integration, continues to be applied. - FY2023-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to income before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly income before income taxes by that estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced following the management integration, continues to be applied. - FY2022-Q3RestatedAnnual report
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced in connection with the standardization and efficiency improvements in accounting treatment following the management integration, continues to be applied. - FY2022-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced in connection with the standardization and efficiency improvements in accounting treatment following the management integration, continues to be applied. - FY2022-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year that includes the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」
The method of calculating quarterly tax expense using the estimated effective tax rate, introduced in connection with the standardization and efficiency improvements in accounting treatment following the management integration, continues to be applied. - FY2020-Q2First statedAnnual report
「Following the absorption-type merger with JX Engineering Corporation on 1 July 2019, the Company changed its method of calculating tax expense from the second quarter of the current consolidated fiscal year as one measure to further improve efficiency by standardizing the accounting treatment for quarterly closing procedures. Under the revised method, the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year is reasonably estimated, and tax expense is calculated by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method used to calculate tax expense was changed to standardize accounting treatment and improve the efficiency of quarterly closing procedures following the management integration.