Non-Application of Size-Based Business Taxation Due to Capital Reduction and Changes in the Statutory Effective Tax Rate
First written in FY2022-Q1. 2 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2025Change in Statutory Effective Tax Rate Due to the Special Defense Corporation TaxAnnual report
「Accordingly, deferred tax assets and deferred tax liabilities relating to temporary differences and other items expected to reverse in consolidated fiscal years beginning on or after 1 April 2026 have been calculated using a statutory effective tax rate changed from 30.46% to 31.36%.」
Following the introduction of the special defense corporate tax, the statutory effective tax rate for fiscal years beginning on or after 1 April 2026 was changed from 30.46% to 31.36%. - FY2024Application of the size-based enterprise tax following a capital increaseAnnual report
「Following an increase in capital resulting from the exercise of stock acquisition rights, the company became subject to the size-based enterprise tax under the enterprise tax system. Accordingly, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities was changed from 34.26% to 30.46% for temporary differences expected to reverse from the consolidated fiscal year beginning on 1 April 2024 onward.」
The size-based enterprise tax became applicable following an increase in capital resulting from the exercise of stock acquisition rights, and the statutory effective tax rate was changed from 34.26% to 30.46%. - FY2022-Q3RestatedAnnual report
「As a result of this tax rate change, deferred tax assets increased by ¥17 million, while income taxes—deferred for the cumulative third quarter of the current consolidated fiscal year decreased by the same amount.」
The impact of the non-application of the size-based enterprise tax following the capital reduction and the change in the statutory effective tax rate continued, increasing deferred tax assets by ¥17 million and reducing income taxes—deferred by the same amount. - FY2022-Q2RestatedAnnual report
「As a result of this tax rate change, deferred tax assets increased by ¥11 million, while income taxes—deferred for the cumulative second quarter of the current consolidated fiscal year decreased by the same amount.」
As a result of the change in the statutory effective tax rate following the non-application of the size-based enterprise tax after the capital reduction, deferred tax assets increased by ¥11 million and income taxes—deferred decreased by the same amount in the cumulative second quarter. - FY2022-Q1First statedAnnual report
「As a result of reducing capital to ¥90 million as of 30 June 2021, the company became exempt from the size-based enterprise tax under the enterprise tax system. Accordingly, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities was changed from 30.53% to 31.97% for temporary differences expected to reverse from the consolidated fiscal year beginning on 1 April 2021 onward.」
The size-based enterprise tax became inapplicable following the capital reduction on 30 June 2021, and the statutory effective tax rate was changed from 30.53% to 31.97%. The tax rate change increased deferred tax assets by ¥4 million and reduced income taxes—deferred by the same amount.