Recoverability Risk for Deferred Tax Assets
First written in FY2019. 13 of 17 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the accounting estimates and the assumptions used in those estimates described under “Management’s Discussion and Analysis of Financial Condition, Results of Operations and Cash Flows” in the securities report for the previous fiscal year.」
The explanation that there have been no material changes in accounting estimates or the assumptions used in making them continues to be provided. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the accounting estimates and the assumptions used in those estimates described under “Management’s Discussion and Analysis of Financial Condition, Results of Operations and Cash Flows” in the securities report for the previous fiscal year.」
The Company continued to explain that there had been no significant changes to the accounting estimates or the assumptions used in those estimates. - FY2024MitigatedAnnual report
「The main reason for the decrease in tax expenses was that the recovery of deferred tax assets exceeded expectations.」
The recovery of deferred tax assets exceeded expectations, and deferred tax assets increased from ¥117.235 million in the previous consolidated fiscal year to ¥147.213 million. The Company described a degree of improvement in the recoverability risk. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year, there were no material changes to the accounting estimates and the assumptions used in those estimates described under “Management’s Discussion and Analysis of Financial Condition, Results of Operations and Cash Flows” in the securities report for the previous fiscal year.」
The Company continued to explain that there had been no significant changes to the accounting estimates or the assumptions used in those estimates. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no material changes to the accounting estimates and the assumptions used in those estimates described under “Management’s Discussion and Analysis of Financial Condition, Results of Operations and Cash Flows” in the securities report for the previous fiscal year.」
The Company continued to explain that there had been no significant changes to the accounting estimates or the assumptions used in those estimates. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no material changes to the accounting estimates and the assumptions used in those estimates described under “Management’s Discussion and Analysis of Financial Condition, Results of Operations and Cash Flows” in the securities report for the previous fiscal year.」
The Company stated that there had been no significant changes to the accounting estimates and assumptions described in the previous fiscal year. Deferred tax assets increased from ¥117.235 million to ¥125.532 million. - FY2023MaterialisedAnnual report
「At the end of the current consolidated fiscal year, the Company reviewed recoverability and wrote down deferred tax assets as a result.」
Following a review of the recoverability of deferred tax assets, the Company carried out a write-down, reducing deferred tax assets from ¥1,049.791 million in the previous consolidated fiscal year to ¥117.235 million. It also recognised ¥864.081 million in adjustments to corporate income taxes and other taxes, and the recoverability risk materialised as an actual accounting treatment. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, there were no significant changes to the assumptions regarding the impact of the spread of COVID-19 stated in the “Additional Information (Accounting estimates related to the impact of the spread of COVID-19)” section of the annual securities report for the previous consolidated fiscal year.」
The Company continued to explain that there had been no significant changes to the assumptions used in accounting estimates concerning the impact of COVID-19, the timing of its containment and related matters. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no significant changes to the assumptions regarding the impact of the spread of COVID-19 stated in the “Additional Information (Accounting estimates related to the impact of the spread of COVID-19)” section of the annual securities report for the previous consolidated fiscal year.」
The Company stated that there had been no significant changes to the assumptions used in accounting estimates concerning the impact of COVID-19, the timing of its containment and related matters. - FY2022RestatedAnnual report
「Deferred tax assets are estimated based on the timing and amount of taxable income expected to arise under future business plans.」
The Company continued to describe the risk of assessing the recoverability of deferred tax assets of ¥1,049.791 million based on estimates of future taxable income. - FY2022-Q3RestatedAnnual report
「There were no significant changes to the assumptions, including the impact of COVID-19 and the timing of its containment, stated in the “Additional Information (Accounting estimates related to the impact of the spread of COVID-19)” section of the annual securities report for the previous consolidated fiscal year.」
The Company continued to explain that there had been no significant changes to the assumptions used in accounting estimates, including the impact of COVID-19 and the timing of its containment. - FY2022-Q2RestatedAnnual report
「There were no significant changes to the assumptions, including the impact of COVID-19 and the timing of its containment, stated in the “Additional Information (Accounting estimates related to the impact of the spread of COVID-19)” section of the annual securities report for the previous consolidated fiscal year.」
The Company stated that there had been no significant changes to the assumptions used in accounting estimates, including the impact of COVID-19 and the timing of its containment. - FY2022-Q1RestatedAnnual report
「There were no significant changes to the assumptions, including the impact of COVID-19 and the timing of its containment, stated in the “Additional Information (Accounting estimates related to the impact of the spread of COVID-19)” section of the annual securities report for the previous consolidated fiscal year.」
The Company stated that there had been no significant changes to the assumptions used in accounting estimates, including the impact of COVID-19 and the timing of its containment. - FY2021-Q3RestatedAnnual report
「The Group has been affected by production cuts at major customers due to the spread of COVID-19. As this impact is expected to continue for a certain period, the Group reviewed the recoverability of deferred tax assets during the nine-month period of the current third quarter of the consolidated fiscal year. As a result, it recognised ¥71 million in adjustments to corporate income taxes and other taxes, primarily due to the write-down of part of its deferred tax assets.」
The Company continued to describe its review of the recoverability of deferred tax assets in response to production cuts at major customers, the write-down of part of those assets, and the recognition of ¥71 million in adjustments to corporate income taxes and other taxes. - FY2021-Q2RestatedAnnual report
「The Group has been affected by production cuts at major customers due to the spread of COVID-19. As this impact is expected to continue for a certain period, the Group reviewed the recoverability of deferred tax assets during the six-month period of the current second quarter of the consolidated fiscal year. As a result, it recognised ¥71 million in adjustments to corporate income taxes and other taxes, primarily due to the write-down of part of its deferred tax assets.」
The Company continued to describe its review of the recoverability of deferred tax assets and the write-down of part of those assets in response to the spread of COVID-19 and production cuts at customers, as well as the recognition of ¥71 million in adjustments to corporate income taxes and other taxes. - FY2021-Q1MaterialisedAnnual report
「The Group has been affected by production cuts at major customers due to the spread of COVID-19. As this impact is expected to continue for a certain period, the Group reviewed the recoverability of deferred tax assets during the first consolidated accounting period. As a result, it recognised ¥71 million in adjustments to corporate income taxes and other taxes, primarily due to the write-down of part of its deferred tax assets.」
The Company reviewed the recoverability of deferred tax assets, wrote down part of them and recognised ¥71 million in adjustments to corporate income taxes and other taxes. The recoverability risk materialised as an actual accounting treatment. - FY2019First statedAnnual report
「If it is determined that all or part of the deferred tax assets cannot be realized in the future, an adjustment to the deferred tax assets will be recognized as an expense in the period in which that determination is made.」
The filing disclosed the possibility that an assessment of future recoverability could result in an expense for an adjustment to deferred tax assets.