Risk of deferred tax asset write-downs due to earnings fluctuations and delays in resolving tax loss carryforwards
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2026.
Janome moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
31 other companies' latest entry also says "Worsened".
- FY2026Decrease in deferred tax assets and increase in valuation allowanceAnnual report
「Net deferred tax assets 1,642 1,260 Subtotal of valuation allowance △806 △942」
Net deferred tax assets decreased from ¥1,642 million to ¥1,260 million, while the valuation allowance increased from ¥806 million to ¥942 million. The figures quantify the impact of estimates of future taxable income and other factors. - FY2022ReframedAnnual report
「Our group recognizes deferred tax assets at an appropriate amount. However, if there are significant changes in estimates of future taxable income or other factors, or if there are changes in systems or regulations, deferred tax assets may decrease, which could affect our group's earnings.」
The disclosure has been broadened from its previous focus on delays in utilizing tax loss carryforwards to the risk of lower deferred tax assets due to changes in estimates of future taxable income and changes in systems or regulations. - FY2018RestatedAnnual report
「If future earnings fluctuations reduce taxable income and tax loss carryforwards cannot be utilized as planned, the reversal of deferred tax assets could affect our group's earnings.」
The risk of reversal of deferred tax assets due to delays in utilizing tax loss carryforwards is reiterated. Deferred tax assets related to tax loss carryforwards were ¥227 million. - FY2017RestatedAnnual report
「If future earnings fluctuations reduce taxable income and tax loss carryforwards cannot be utilized as planned, the reversal of deferred tax assets could affect our group's earnings.」
The risk of reversal of deferred tax assets due to delays in utilizing tax loss carryforwards is reiterated. Deferred tax assets related to tax loss carryforwards decreased from ¥397 million to ¥293 million. - FY2016First statedAnnual report
「If future earnings fluctuations reduce taxable income and tax loss carryforwards cannot be utilized as planned, the reversal of deferred tax assets could affect our group's earnings.」
Net deferred tax assets were ¥1,874 million, including ¥397 million in deferred tax assets related to tax loss carryforwards.