Recoverability of Deferred Tax Assets
First written in FY2017. 2 of 7 entries say "Materialised", first in FY2020. Latest entry: FY2024.
Nidec moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
20 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Deferred tax assets were reduced by ¥67,795 million and ¥65,042 million, respectively, in the previous consolidated fiscal year and the current consolidated fiscal year based on an assessment of recoverability.」
The reduction in deferred tax assets based on the recoverability assessment decreased from ¥67,795 million in the previous fiscal year to ¥65,042 million in the current fiscal year. - FY2023WorsenedAnnual report
「Deferred tax assets were reduced by ¥42,953 million and ¥67,795 million, respectively, in the previous consolidated fiscal year and the current consolidated fiscal year based on an assessment of recoverability.」
The reduction in deferred tax assets based on the recoverability assessment increased from ¥42,953 million in the previous fiscal year to ¥67,795 million in the current fiscal year. - FY2022WorsenedAnnual report
「Deferred tax assets were reduced by ¥38,280 million and ¥42,953 million, respectively, in the previous consolidated fiscal year and the current consolidated fiscal year based on an assessment of recoverability.」
The reduction in deferred tax assets based on the recoverability assessment increased from ¥38,280 million in the previous fiscal year to ¥42,953 million in the current fiscal year. - FY2021MaterialisedAnnual report
「Deferred tax assets were reduced by ¥40,367 million and ¥38,280 million, respectively, in the previous consolidated fiscal year and the current consolidated fiscal year based on an assessment of recoverability.」
The recoverability risk associated with deferred tax assets continues to result in a ¥38,280 million reduction in the current fiscal year. - FY2020MaterialisedAnnual report
「Based on its assessment of recoverability, deferred tax assets were reduced by ¥17,446 million and ¥40,367 million in the previous consolidated fiscal year and the current consolidated fiscal year, respectively.」
The recoverability risk associated with deferred tax assets materialised as a ¥40,367 million reduction in the current fiscal year. - FY2018RestatedAnnual report
「If economic conditions or operating results deteriorate, NIDEC CORPORATION may determine that all or part of its deferred tax assets are unlikely to be recoverable, and reducing those deferred tax assets could reduce its profit.」
It has reaffirmed the risk of reduced profit due to the recoverability of deferred tax assets. - FY2017First statedAnnual report
「If economic conditions or operating results deteriorate, NIDEC CORPORATION may determine that all or part of its deferred tax assets are unlikely to be recoverable, and reducing those deferred tax assets could reduce its profit.」
It identifies as a standalone risk the possibility that deferred tax assets may be reduced due to lower future taxable income or other factors, resulting in lower profit.