Risk of changes in estimates for deferred tax assets and retirement benefit obligations
First written in FY2020. 8 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 4 of 21 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, because the recoverability of deferred tax assets depends on estimates of future taxable income, a decrease in the estimated amount could result in a reduction of deferred tax assets and recognition of tax expense.」
The company continues to disclose the risk of changes in estimates of the recoverability of deferred tax assets based on future taxable income and retirement benefit obligations affected by the number of retirees and economic conditions. - FY2023RestatedAnnual report
「The group calculates retirement benefit obligations using a simplified method based on the amount payable at period-end under the retirement lump-sum benefit scheme in the event of voluntary retirement. Liabilities related to retirement benefits are calculated by deducting estimated benefits payable under the Small and Medium Enterprise Retirement Allowance Mutual Aid System and other amounts from retirement benefit obligations. Accordingly, the estimates may be materially affected by unexpected retirements during the period or economic conditions at the measurement date.」
The company continues to disclose the risk of changes in estimates of retirement benefit obligations affected by the number of retirees and economic conditions. - FY2022RestatedAnnual report
「However, because the recoverability of deferred tax assets depends on estimates of future taxable income, a decrease in the estimated amount could result in a reduction of deferred tax assets and recognition of tax expense.」
The company continues to disclose the risk of changes in estimates of the recoverability of deferred tax assets based on future taxable income and retirement benefit obligations affected by the number of retirees and economic conditions. - FY2022-Q2RestatedAnnual report
「Regarding COVID-19, after examining its effects on the group’s operating results and other matters, the company determined that it had no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements.」
Regarding COVID-19, the company continues to determine that there is no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements. - FY2022-Q1RestatedAnnual report
「Regarding COVID-19, after examining its effects on the group’s operating results and other matters, the company determined that it had no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements.」
Regarding COVID-19, the company continues to determine that there is no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements. - FY2021RestatedAnnual report
「Regarding COVID-19, after examining its effects on the group’s operating results and other matters, the company determined that it had no event with a significant effect on accounting estimates in preparing the consolidated financial statements.」
Regarding COVID-19, the company continues to determine throughout the full fiscal year that there is no event with a significant effect on accounting estimates. - FY2021-Q3RestatedAnnual report
「Regarding COVID-19, after examining its effects on the group’s operating results and other matters, the company determined that it had no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements.」
Regarding COVID-19, the company continues to determine that there is no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements. - FY2021-Q2RestatedAnnual report
「Regarding COVID-19, after examining its effects on the group’s operating results and other matters, the company determined that it had no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements.」
Regarding COVID-19, the company continues to determine that there is no event with a significant effect on accounting estimates in preparing the quarterly consolidated financial statements for the current quarter. - FY2021-Q1MitigatedAnnual report
「Regarding COVID-19, after examining its effects on the group’s operating results and other matters, the company determined that it had no event with a significant effect on accounting estimates in preparing the consolidated financial statements.」
Regarding COVID-19, the company determined that there was no event with a significant effect on accounting estimates in preparing the consolidated financial statements for the current quarter. - FY2020First statedAnnual report
「Because the recoverability of deferred tax assets depends on estimates of future taxable income, a decrease in the estimated amount could result in a reduction of deferred tax assets and recognition of tax expense. In addition, the estimates may be materially affected by unexpected retirements during the period or economic conditions at the measurement date.」
As significant accounting estimates, the company explicitly identifies the recoverability of deferred tax assets based on future taxable income and the potential changes in retirement benefit obligations affected by the number of retirees and economic conditions.