Recoverability of Deferred Tax Assets and Risk in Estimating Future Taxable Income
First written in FY2021. 12 of 13 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 20 of 61 companies on the "Worse" side.
73 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning the recoverability of deferred tax assets and estimates of future taxable income. - FY2024RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, if the conditions or assumptions underlying those estimates change and future taxable income decreases, deferred tax assets may be reduced and tax expense may be recognized.」
The risk continues that changes in estimates of taxable income based on future orders received, production forecasts, cost ratios and other factors could affect tax expense. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning the recoverability of deferred tax assets and estimates of future taxable income. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning the recoverability of deferred tax assets and estimates of future taxable income. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the assumptions concerning the recoverability of deferred tax assets and estimates of future taxable income. - FY2023RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, if the conditions or assumptions underlying those estimates change and future taxable income decreases, deferred tax assets may be reduced and tax expense may be recognized.」
The risk associated with the recoverability of deferred tax assets and estimates of future taxable income continues. Deferred tax assets were 169,460 thousand yen and deferred tax liabilities were 703,960 thousand yen for the current fiscal year. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning the recoverability of deferred tax assets and future taxable income. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning the recoverability of deferred tax assets and future taxable income. - FY2022RestatedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, if the conditions or assumptions underlying those estimates change and future taxable income decreases, deferred tax assets may be reduced and tax expense may be recognized.」
The risk that the recoverability of deferred tax assets depends on estimates of future taxable income, including orders received, production forecasts and cost ratios, continues. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning the recoverability of deferred tax assets and future taxable income. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning the recoverability of deferred tax assets and future taxable income. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the accounting estimates and assumptions concerning the recoverability of deferred tax assets and future taxable income. - FY2021First statedAnnual report
「Deferred tax liabilities were 717,972 thousand yen. Because the recoverability of deferred tax assets depends on estimates of future taxable income, if the conditions or assumptions underlying those estimates change and future taxable income decreases, deferred tax assets may be reduced and tax expense may be recognized.」
The Company disclosed net deferred tax liabilities of 717,972 thousand yen and explicitly identified the risk that changes in estimates of future taxable income, based on orders received, production forecasts and cost ratios, among other factors, could affect tax expense. The Company also assumed that the impact of COVID-19 would continue for a certain period of the fiscal year ending March 2022.