Impact of Higher Deferred Tax Liabilities on Net Income Attributable to Owners of the Parent
First written in FY2022-Q2. 4 of 8 entries say "Mitigated", first in FY2022. Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3RestatedAnnual report
「Quarterly net income attributable to owners of the parent was ¥738 million, down 62.7% year on year, due to the extraordinary loss associated with the UK subsidiary's pension buyout recognized in the second quarter, as well as the reversal of deferred tax assets and other factors.」
The reversal of deferred tax assets was also cited in the cumulative third-quarter period as a factor reducing profit attributable to owners of the parent, together with the extraordinary loss associated with the pension buyout. - FY2024-Q1ReframedAnnual report
「Profit attributable to owners of the parent decreased to ¥26 million, down 83.4% year on year, due to the write-down of deferred tax assets.」
Unlike the tax burden caused by the increase in deferred tax liabilities seen in the previous year, the reversal of deferred tax assets was a factor reducing profit attributable to owners of the parent in the first quarter. - FY2023MitigatedAnnual report
「Income taxes—deferred △ 504」
Unlike the tax burden caused by the increase in deferred tax liabilities in the previous year, income taxes—deferred contributed ¥504 million to profit in the current year, mitigating the reduction in profit attributable to owners of the parent. - FY2023-Q3MitigatedAnnual report
「Income taxes—deferred 454 △11」
Income taxes—deferred fell from ¥454 million in the same period of the previous year to negative ¥11 million in the cumulative third-quarter period, mitigating the reduction in profit attributable to owners of the parent caused by the increase in deferred tax liabilities. - FY2023-Q2MitigatedAnnual report
「Net income attributable to owners of the parent was ¥1.25 billion as a result of recognising deferred tax assets, compared with a quarterly net loss of ¥55 million in the same quarter of the previous year.」
Unlike the increase in deferred tax liabilities, which reduced profit attributable to owners of the parent through the previous year, recognition of deferred tax assets contributed to quarterly profit attributable to owners of the parent of ¥1.25 billion. - FY2022MitigatedAnnual report
「Income taxes—deferred 364」
Income taxes—deferred due to an increase in deferred tax liabilities declined from ¥454 million for the cumulative third-quarter period to ¥364 million for the full fiscal year. The impact on profit attributable to owners of the parent remained, but was smaller than in the immediately preceding quarter. - FY2022-Q3WorsenedAnnual report
「In addition, as a result of recording ¥454 million in income taxes—deferred due to an increase in deferred tax liabilities, quarterly net loss attributable to owners of the parent was ¥479 million, compared with a quarterly net loss of ¥258 million in the same quarter of the previous year.」
Income taxes—deferred due to an increase in deferred tax liabilities rose from ¥210 million in the previous disclosure to ¥454 million, and quarterly net loss attributable to owners of the parent widened. - FY2022-Q2First statedAnnual report
「As a result of recording ¥210 million in income taxes—deferred due to an increase in deferred tax liabilities, quarterly net loss attributable to owners of the parent was ¥55 million, compared with quarterly net income of ¥27 million in the same quarter of the previous year.」
The company recorded ¥210 million in income taxes—deferred due to an increase in deferred tax liabilities, causing quarterly net income attributable to owners of the parent to shift from a profit to a loss of ¥55 million.