Additional Tax Assessment and Tax Litigation Involving a Brazilian Subsidiary
First written in FY2019-Q3. 16 of 20 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「Regarding the 73,427 thousand Brazilian reais assessment notice received in September 2018, equivalent to ¥2,053,769 thousand at the exchange rate as of the end of the interim consolidated accounting period and including late-payment interest as of that date, Mimaki Brasil filed a tax lawsuit with the court in December 2019. In March 2025, the court ruled in favor of Mimaki Brasil and canceled the authorities' claim. The authorities appealed in May 2025, so Mimaki Brasil will continue presenting its arguments at the second instance.」
In the Brazilian additional tax assessment matter, the company won a first-instance judgment canceling the claim, but the authorities' appeal means that proceedings at the second instance are continuing. A separate matter involving 40,425 thousand Brazilian reais ended without an additional tax assessment. - FY2025MitigatedAnnual report
「Regarding the 70,474 thousand Brazilian reais assessment notice received in September 2018, including late-payment interest as of the end of the fiscal year, Mimaki Brasil filed a tax lawsuit with the court in December 2019. In March 2025, the court ruled in favor of Mimaki Brasil and canceled the authorities' claim. The authorities appealed in May 2025, and」
The company won a first-instance judgment canceling the claim in part of the Brazilian additional tax assessment matter, but the authorities appealed and the company continues to respond at the second instance. - FY2025-H1RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais in 2 cases. Mimaki Brasil disputes the authorities' findings and filed a tax lawsuit with the court in December 2019 concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, or 68,054 thousand Brazilian reais including late-payment interest. It also filed an objection with the tax authorities in December of the same year concerning the 40,425 thousand Brazilian reais assessment notice received in November 2018, but its claims were accepted in February 2024 and the proceedings ended without an additional tax assessment.」
One 40,425 thousand Brazilian reais matter among the Brazilian additional tax assessment cases ended without an additional tax assessment, while the tax litigation concerning 44,494 thousand Brazilian reais is continuing. The amount for the continuing matter including late-payment interest is stated as 68,054 thousand Brazilian reais. - FY2024MitigatedAnnual report
「Regarding the 40,425 thousand Brazilian reais assessment notice received in November 2018, or 54,366 thousand Brazilian reais including late-payment interest, Mimaki Brasil filed an objection with the tax authorities in December of the same year. In February 2024, its claims were accepted and the proceedings ended without an additional tax assessment.」
In February 2024, the claims were accepted in 1 of the 2 Brazilian additional tax assessment matters, and the proceedings ended without an additional tax assessment. The tax litigation concerning 44,494 thousand Brazilian reais is continuing. - FY2024-Q2RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 115,835 thousand Brazilian reais including late-payment interest, in 2 cases.」
The amount including late-payment interest relating to the existing additional tax assessment matter involving the Brazilian subsidiary has been updated to 115,835 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2024-Q1RestatedAnnual report
「We received additional tax assessment notices totaling 84,920 thousand Brazilian reais in 2 cases, or 113,283 thousand Brazilian reais including late-payment interest. Mimaki Brasil disputes the authorities' findings and filed a tax lawsuit with the court in December 2019 concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, or 61,906 thousand Brazilian reais including late-payment interest.」
The total amount including late-payment interest relating to the existing Brazilian additional tax assessment matter has been updated to 113,283 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2023-Q3RestatedAnnual report
「We received additional tax assessment notices totaling 84,920 thousand Brazilian reais in 2 cases, or 108,270 thousand Brazilian reais including late-payment interest. Mimaki Brasil disputes the authorities' findings and filed a tax lawsuit with the court in December 2019 concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, or 59,099 thousand Brazilian reais including late-payment interest.」
The total amount including late-payment interest relating to the existing Brazilian additional tax assessment matter has been updated to 108,270 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2023-Q2RestatedAnnual report
「We received additional tax assessment notices totaling 84,920 thousand Brazilian reais in 2 cases, or 105,778 thousand Brazilian reais including late-payment interest. Mimaki Brasil disputes the authorities' findings and filed a tax lawsuit with the court in December 2019 concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, or 57,728 thousand Brazilian reais including late-payment interest. It also filed an objection with the tax authorities in December of the same year concerning the 40,425 thousand Brazilian reais assessment notice received in November 2018, or 48,049 thousand Brazilian reais including late-payment interest.」
The total amount including late-payment interest relating to the existing Brazilian additional tax assessment matter has been updated to 105,778 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2023-Q1RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 103,238 thousand Brazilian reais including late-payment interest, in 2 cases.」
The amount including late-payment interest relating to the existing additional tax assessment matter involving the Brazilian subsidiary has been updated to 103,238 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2022RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 101,013 thousand Brazilian reais including late-payment interest, in 2 cases.」
The amount including late-payment interest relating to the existing additional tax assessment matter involving the Brazilian subsidiary has been updated to 101,013 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2022-Q3RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 99,317 thousand Brazilian reais including late-payment interest, in 2 cases.」
The amount including late-payment interest relating to the existing additional tax assessment matter involving the Brazilian subsidiary has been updated to 99,317 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2022-Q2RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 98,056 thousand Brazilian reais including late-payment interest, in 2 cases.」
The total amount including late-payment interest relating to the existing Brazilian additional tax assessment matter has been updated to 98,056 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2022-Q1RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 97,233 thousand Brazilian reais including late-payment interest, in 2 cases.」
The total amount including late-payment interest relating to the existing Brazilian additional tax assessment matter has been updated to 97,233 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2021RestatedAnnual report
「We received additional tax assessment notices totaling 84,920 thousand Brazilian reais in 2 cases, or 96,652 thousand Brazilian reais including late-payment interest.」
The company reconfirmed the amount including late-payment interest relating to the existing additional tax assessment matter involving the Brazilian subsidiary and the continuation of the tax litigation and objection. - FY2021-Q3RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 96,864 thousand Brazilian reais including late-payment interest, in 2 cases. Mimaki Brasil disputes the authorities' findings and filed a tax lawsuit with the court in December 2019 concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, or 52,435 thousand Brazilian reais including late-payment interest.」
The total amount including late-payment interest relating to the existing Brazilian additional tax assessment matter has been updated to 96,864 thousand Brazilian reais, and the tax litigation and objection are continuing. - FY2021-Q2RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 96,483 thousand Brazilian reais including late-payment interest, in 2 cases.」
The amount including late-payment interest relating to the Brazilian subsidiary's additional tax assessment has been updated. Tax litigation and the objection are continuing, and the amount of the impact on business performance remains difficult to estimate. - FY2021-Q1RestatedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais, or 95,995 thousand Brazilian reais including late-payment interest, in 2 cases. Mimaki Brasil disputes the authorities' findings and filed a tax lawsuit with the court in December 2019 concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, or 51,981 thousand Brazilian reais including late-payment interest.」
The company reconfirmed the amounts including late-payment interest and the status of the tax litigation concerning the Brazilian subsidiary's additional tax assessment. - FY2020-Q3Progress on filing tax litigationAnnual report
「Regarding the 44,494 thousand Brazilian reais assessment notice received in September 2018, which amounted to 51,143 thousand Brazilian reais after late-payment interest, we filed a tax lawsuit with the court in December 2019.」
The company disclosed that it filed a tax lawsuit with the court in December 2019 concerning 44,494 thousand Brazilian reais of the Brazilian subsidiary's additional tax assessment. - FY2020-Q1RestatedAnnual report
「Mimaki Brasil will respond appropriately based on its position that these additional tax assessments have no valid basis. Accordingly, it is currently difficult to estimate the amount of the impact on the business performance of our group. This matter arose in the third quarter of the fiscal year ending March 2019 and is not a new occurrence.」
The company reconfirmed that the risk relating to the Brazilian subsidiary's additional tax assessments and tax litigation concerns an existing matter rather than a new occurrence, and that it will continue to respond appropriately. - FY2019-Q3MaterialisedAnnual report
「MIMAKI BRASIL COMERCIO E IMPORTACAO LTDA, our consolidated subsidiary (hereinafter, “Mimaki Brasil”), was audited by the Brazilian tax authorities in connection with imports of our inkjet printers and received additional tax assessment notices totaling 84,920 thousand Brazilian reais in 2 cases. Mimaki Brasil disputes the authorities' findings and is preparing tax litigation concerning the 44,494 thousand Brazilian reais assessment notice received in September 2018, while it filed an objection in December of the same year concerning the 40,425 thousand Brazilian reais assessment notice received in November 2018.」
The Brazilian subsidiary received additional tax assessment notices totaling 84,920 thousand Brazilian reais in connection with imports, and is preparing tax litigation concerning 44,494 thousand Brazilian reais and pursuing an objection concerning 40,425 thousand Brazilian reais. The amount of the impact on business performance is currently difficult to estimate.