Uncertainty Regarding the Recoverability of Deferred Tax Assets and Valuation Allowances
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Estimates relating to the valuation of deferred tax assets are based on the tax systems and tax rates in effect as of the consolidated balance sheet date. However, the valuation of deferred tax assets may be affected by (i) the judgments and estimates of the group regarding possible future tax consequences relating to events recognized in the financial statements and tax returns of each group company, (ii) revisions to tax systems and tax rates, and (iii) deteriorating economic conditions or failure to achieve plans.」
The company has reconfirmed the uncertainty surrounding the valuation of deferred tax assets due to revisions to tax systems and tax rates, deteriorating economic conditions, failure to achieve plans, and other factors. - FY2023RestatedAnnual report
「Estimates relating to deferred tax assets are based on the tax system and tax rates applicable as of the balance sheet date. However, the valuation of deferred tax assets may be affected by (i) the Company’s judgments and estimates regarding future tax consequences of events recognized in its financial statements and tax returns, (ii) amendments to the tax system or tax rates, and (iii) deterioration in economic conditions or failure to meet plans.」
The company has reconfirmed the risk that valuation allowances for deferred tax assets may fluctuate due to revisions to tax systems and tax rates, deteriorating economic conditions, failure to achieve plans, and other factors. - FY2022First statedAnnual report
「Estimates relating to deferred tax assets are based on the tax system and tax rates applicable as of the balance sheet date. However, the valuation of deferred tax assets may be affected by (i) the Company’s judgments and estimates regarding future tax consequences of events recognized in its financial statements and tax returns, (ii) amendments to the tax system or tax rates, and (iii) deterioration in economic conditions or failure to meet plans.」
The Company first disclosed as a separate accounting risk the possibility that valuation allowances for deferred tax assets may fluctuate due to tax or tax rate changes, economic deterioration or failure to meet plans.