Application of the Standard on Disclosure of Accounting Estimates
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The recoverability of deferred tax assets is assessed based on taxable income before adjustments for temporary differences and other items. Taxable income before adjustments for temporary differences and other items is calculated based on a business plan covering a feasible and reasonable period. The main assumptions used in estimating the business plan are expected future orders and manufacturing costs, and the figures based on these assumptions are derived from both external information, such as industry trends and economic conditions, and internal information, such as past results and order status.」
As accounting estimates, it discloses the method for assessing the recoverability of deferred tax assets, the business plan, expected future orders, and manufacturing costs. - FY2021First statedAnnual report
「We applied the Accounting Standard for Disclosure of Accounting Estimates (Accounting Standard No. 31, 31 March 2020) to the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates.」
It applied the Accounting Standard for Disclosure of Accounting Estimates from the consolidated financial statements for the fiscal year, and disclosed in the notes the significant estimates concerning the recoverability of deferred tax assets.