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Oki Electric Industry (6703) · RiskRestated

Notice of Additional ICMS Tax Assessment Against OKI Brasil

First written in FY2019-Q2. 12 of 14 entries say "Restated". Latest entry: FY2024-Q2.

14entries
6years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q2 – FY2024-Q22018: 12019: 320192020: 220202021: 320212022: 220222023: 32023
Same theme, other companies
ICMS Additional Tax Assessment and Tax Litigation Involving Brazilian SubsidiaryA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2024-Q2RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the possibility and amount of any loss cannot be reasonably estimated.
  2. FY2024-Q1RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the possibility and amount of any loss cannot be reasonably estimated.
  3. FY2023-Q3RestatedAnnual report

    「OKI Brasil cannot accept the authorities' findings and has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the possibility and amount of any loss cannot be reasonably estimated.
  4. FY2023-Q2RestatedAnnual report

    「OKI Brasil cannot accept the authorities' findings and has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the possibility and amount of any loss cannot be reasonably estimated.
  5. FY2022-Q3RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the possibility and amount of any loss cannot be reasonably estimated.
  6. FY2022-Q2RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the possibility and amount of any loss cannot be reasonably estimated.
  7. FY2022-Q1RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, the matter is pending litigation, and the possibility and amount of any loss remain impossible to reasonably estimate.
  8. FY2021-Q3RestatedAnnual report

    「OKI Brasil cannot accept the authorities' findings and has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, it was reconfirmed that the matter is pending litigation and the amount of any loss cannot be reasonably estimated.
  9. FY2021-Q2RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, the filing of a lawsuit with the court and the inability to reasonably estimate the amount of any loss were reconfirmed.
  10. FY2020-Q3RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, the filing of a lawsuit with the court and the inability to reasonably estimate the amount of any loss were reconfirmed.
  11. FY2020-Q2RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, the filing of a lawsuit with the court and the inability to reasonably estimate the amount of any loss were reconfirmed.
  12. FY2020-Q1RestatedAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, the filing of a lawsuit with the court and the inability to reasonably estimate the amount of any loss were reconfirmed.
  13. FY2019-Q3Progression to legal actionAnnual report

    「As OKI Brasil cannot accept the authorities' findings, it has filed a lawsuit with the court. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    Regarding the BRL 90 million additional ICMS tax assessment notice, the matter progressed from preparing legal action to filing a lawsuit with the court. It was disclosed that the possibility and amount of any loss still could not be reasonably estimated.
  14. FY2019-Q2First statedAnnual report

    「OKI BRASIL INDÚSTRIA E COMÉRCIO DE PRODUTOS E TECNOLOGIA EM AUTOMAÇÃO S.A., a consolidated subsidiary of the Company (hereinafter, OKI Brasil), received an additional tax assessment notice from the São Paulo state tax authorities on 20 August 2018 ordering it to pay BRL 90 million in ICMS (Tax on the Circulation of Goods and Services). As OKI Brasil cannot accept the authorities' findings, it is preparing legal action. It is difficult at this time to reasonably estimate the possibility or amount of any loss.」

    OKI Brasil received an additional ICMS tax assessment notice for BRL 90 million and is preparing legal action. It was disclosed that the possibility and amount of any loss could not be reasonably estimated.
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