International tax, transfer pricing and deferred tax asset valuation risks
First written in FY2020. 2 of 5 entries say "Materialised", first in FY2025. Latest entry: FY2026.
Tdk moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, the Group recognized in current tax expense the top-up tax arising from the global minimum tax that is expected to be incurred in connection with operations in a small number of countries.」
Regarding international tax risks, top-up tax arising from the global minimum tax increased from ¥1.007 billion in the previous fiscal year to ¥6.132 billion and was actually recognized as current tax expense. - FY2025MaterialisedAnnual report
「During the current consolidated fiscal year, the Group recognized top-up tax arising from the global minimum tax in current tax expense.」
Regarding changes in tax systems in various countries and international tax risks, top-up tax of ¥1.007 billion arising from the global minimum tax was actually recognized. - FY2024RestatedAnnual report
「For risks related to international transactions between Group companies, the Group conducts transfer pricing monitoring within the Group every quarter and takes measures to mitigate the risks if they are deemed to be high.」
The response to international tax risks through quarterly transfer pricing monitoring and monitoring information on tax law amendments is ongoing. - FY2021MitigatedAnnual report
「For risks related to international transactions between Group companies, the Group conducts transfer pricing monitoring within the Group every quarter and takes measures to mitigate the risks if they are deemed to be high.」
The response to international tax and transfer pricing risks was specifically described as including quarterly transfer pricing monitoring and advance awareness of tax law amendments. - FY2020First statedAnnual report
「However, disagreements with tax or customs authorities could result in additional tax charges if the Group is found to have used inappropriate transaction prices. In addition, the enactment, implementation, introduction, amendment or repeal of tax laws, or changes in their interpretation or application, in countries around the world could increase the Group’s tax burden.」
International tax risks, including transfer pricing regulations, customs duties, changes in tax systems in various countries and increases in valuation allowances for deferred tax assets, were described in detail as a separate item for the first time. Tax loss carryforwards of ¥332.434 billion and an increase in valuation allowances of ¥24.089 billion were also disclosed.