Deferred Tax Asset Recoverability Risk
First written in FY2017. 2 of 4 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2022.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If it is determined that the tax benefit based on estimated future taxable income will not be realised, the relevant deferred tax assets will be written down, which could affect the Group’s financial condition and operating results.」
The company continued to disclose the risks related to the recoverability of deferred tax assets and estimates of future taxable income. - FY2018MaterialisedAnnual report
「As a result of this tax rate change, deferred tax assets, net of deferred tax liabilities, decreased by ¥283 million, the adjustment to income taxes increased by ¥296 million, and net income decreased by ¥296 million.」
The decrease in deferred tax assets and the ¥296 million increase in the adjustment to income taxes associated with U.S. tax reform actually occurred. - FY2018-Q3MaterialisedAnnual report
「In connection with U.S. tax reform, a portion of the deferred tax assets at a U.S. subsidiary has been written down. As a result, income tax expense increased by ¥220 million.」
Following U.S. tax reform, a portion of the deferred tax assets was actually written down, increasing income tax expense by ¥220 million. - FY2017First statedAnnual report
「The Group applies tax-effect accounting and recognises deferred tax assets. Deferred tax assets are calculated based on forecasts that include estimates of future taxable income, and actual results may differ from those forecasts. If it is determined that the tax benefit based on estimated future taxable income will not be realised, the relevant deferred tax assets will be written down, which could affect the Group’s financial condition and operating results.」
The company disclosed the risk that deferred tax assets could be written down if estimated future taxable income differs from actual results.