Higher tax burden due to the reversal of deferred tax assets
First written in FY2017-Q2. 3 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 13 companies on the "Worse" side.
20 other companies' latest entry also says "Other".
- FY2026Increase in deferred tax assets and decrease in valuation allowanceAnnual report
「Deferred tax assets ¥2,516 million ¥3,419 million」
Deferred tax assets increased from ¥2,516 million to ¥3,419 million, while the valuation allowance decreased from ¥2,147 million to ¥2,118 million. The assessment of recoverability based on future profit plans is continuing. - FY2025Decrease in deferred tax assets and increase in valuation allowanceAnnual report
「Deferred tax assets ¥3,190 million ¥2,516 million」
Deferred tax assets decreased from ¥3,190 million to ¥2,516 million, while the valuation allowance increased from ¥1,885 million to ¥2,147 million. - FY2025-H1Recurrence of the tax burden due to the reversal of deferred tax assetsAnnual report
「Due to the tax burden associated with the reversal of deferred tax assets, the interim net loss attributable to owners of the parent was ¥76 million, compared with interim net profit attributable to owners of the parent of ¥1,586 million in the same period of the previous year.」
The tax burden associated with the reversal of deferred tax assets, following recognition based on their recoverability, is again cited as a factor behind the net loss for the current interim period. - FY2023Increase in deferred tax assets and continued assessment of recoverabilityAnnual report
「The Group recognizes deferred tax assets for deductible temporary differences that it has determined are recoverable, based on factors including the expectation that sufficient taxable income can be secured under its future profit plans.」
Deferred tax assets increased from ¥1,438 million in the previous fiscal year to ¥2,099 million, and the assessment of recoverability based on future profit plans is continuing. - FY2022Increase in deferred tax assets and continued assessment of recoverabilityAnnual report
「The Group recognizes deferred tax assets for deductible temporary differences that it has determined are recoverable, based on factors including the expectation that sufficient taxable income can be secured under its future profit plans.」
Unlike the previous higher tax burden caused by the reversal of deferred tax assets, deferred tax assets increased from ¥823 million to ¥1,438 million, and recoverability is being assessed based on future profit plans and an economic recovery. - FY2021ReframedAnnual report
「The Group recognizes deferred tax assets for deductible temporary differences that it has determined are recoverable, based on factors including the expectation that sufficient taxable income can be secured under its future profit plans. Although it is difficult to accurately predict when the effects of the novel coronavirus disease will end, the Group estimates future taxable income on the assumption that the economy will move toward recovery in 2021 as vaccinations progress as scheduled.」
The focus has shifted from the historical factor of a higher tax burden due to the reversal of deferred tax assets to estimating the recoverability of ¥823 million in deferred tax assets for the current fiscal year based on the assumption of a recovery in 2021 after the pandemic. - FY2020RestatedAnnual report
「In addition, due mainly to the higher tax burden associated with the reversal of deferred tax assets, the net loss attributable to owners of the parent for the fiscal year was ¥185 million, compared with net profit attributable to owners of the parent of ¥3,718 million in the previous fiscal year.」
The higher tax burden associated with the reversal of deferred tax assets continues to be cited as a factor behind the deterioration in full-year net income. - FY2017RestatedAnnual report
「Due to the higher tax burden associated with the reversal of deferred tax assets, the net loss attributable to owners of the parent for the fiscal year was ¥291 million.」
The higher tax burden associated with the reversal of deferred tax assets continues to be cited as a factor behind the full-year net loss. - FY2017-Q3RestatedAnnual report
「In addition, due to the higher tax burden associated with the reversal of deferred tax assets, the quarterly net loss attributable to owners of the parent was ¥686 million, compared with quarterly net profit attributable to owners of the parent of ¥1,635 million in the same period of the previous year.」
The higher tax burden associated with the reversal of deferred tax assets continues to be cited as a factor behind the quarterly net loss. - FY2017-Q2First statedAnnual report
「In addition, due to the higher tax burden associated with the reversal of deferred tax assets, the quarterly net loss attributable to owners of the parent was ¥1,070 million, compared with quarterly net profit attributable to owners of the parent of ¥1,218 million in the same period of the previous year.」
The higher tax burden associated with the reversal of deferred tax assets is cited as a factor behind the net loss attributable to owners of the parent for the cumulative quarterly period.