Recoverability of Deferred Tax Assets
First written in FY2016. 5 of 13 entries say "Restated". Latest entry: FY2026.
Oi Electric moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
32 other companies' latest entry also says "Other".
- FY2026Decrease in valuation allowance alongside a decrease in net deferred tax assetsAnnual report
「Subtotal of valuation allowance 2,501,113 2,140,701／Net deferred tax assets 832,476 768,061」
The valuation allowance decreased, while net deferred tax assets also decreased from ¥832,476 thousand to ¥768,061 thousand. - FY2025MitigatedAnnual report
「Subtotal of valuation allowance 2,669,918 2,501,113／Net deferred tax assets 656,051 832,476」
The valuation allowance decreased, while net deferred tax assets increased from ¥656,051 thousand to ¥832,476 thousand. Recoverability conditions improved. - FY2024MitigatedAnnual report
「Subtotal of valuation allowance 2,994,495 2,669,918／Net deferred tax assets 387,425 656,051」
The valuation allowance decreased, while net deferred tax assets increased from ¥387,425 thousand to ¥656,051 thousand. Recoverability conditions improved from the previous fiscal year. - FY2023-Q3MaterialisedAnnual report
「The quarterly net loss attributable to owners of the parent was ¥1,302 million, following the write-off of deferred tax assets and the recognition of ¥167 million in income taxes—deferred. This represented an increase of ¥208 million in the loss year on year.」
The write-off of deferred tax assets actually occurred, and ¥167 million was recognized as income taxes—deferred. - FY2023-Q1RestatedAnnual report
「There were no material changes to the descriptions of material accounting estimates and the assumptions used in those estimates in the section entitled “Management’s Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The Company stated that there were no material changes to material accounting estimates and their assumptions, including the recoverability of deferred tax assets. - FY2022WorsenedAnnual report
「Subtotal of valuation allowance 2,310,825 2,657,536／Net deferred tax assets 564,157 541,618」
The valuation allowance increased, mainly reflecting the recognition of a net loss for the period, while net deferred tax assets decreased. Uncertainty regarding recoverability has increased. - FY2022-Q1RestatedAnnual report
「There were no material changes to the descriptions of material accounting estimates and the assumptions used in those estimates in the section entitled “Management’s Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The Company stated that there were no material changes to material accounting estimates and assumptions, including the recoverability of deferred tax assets. - FY2021-Q3RestatedAnnual report
「There were no material changes to the descriptions of material accounting estimates and the assumptions used in those estimates in the section entitled “Management’s Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The Company stated that there were no material changes to material accounting estimates or their assumptions. The recoverability of deferred tax assets and other items was assessed on the assumption that COVID-19 would continue. - FY2021-Q1RestatedAnnual report
「Assuming that the impact of COVID-19 would continue for a certain period during the fiscal year ending March 2021, the Company reflected in its accounting treatment the accounting estimates used in assessing the recoverability of deferred tax assets and determining impairment losses on fixed assets. No material changes were made to the assumptions used at the end of the previous fiscal year.」
The Company assessed the recoverability of deferred tax assets and other items assuming that COVID-19 would continue, but stated that there were no material changes from the assumptions at the end of the previous fiscal year. - FY2019MaterialisedAnnual report
「If the recoverability of the deferred tax assets needs to be reassessed due to operating results or other factors, this may affect the operating results and financial condition of the Group.」
Following the deterioration in performance, deferred tax assets decreased from ¥1,699,424 thousand to ¥571,271 thousand, resulting in a write-off and increase in the valuation allowance of approximately ¥1,128 million. - FY2019-Q3MaterialisedAnnual report
「Because the future recoverability of deferred tax assets previously recognized as assets declined as a result of the deterioration in performance for the reasons described above, ¥1,091 million was written off. As a result, the quarterly net loss attributable to owners of the parent was ¥2,657 million, an increase of ¥2,048 million in the loss year on year.」
The future recoverability of deferred tax assets declined due to deteriorating performance, resulting in a ¥1,091 million write-off. The previously identified recoverability risk materialized as an actual source of loss. - FY2017RestatedAnnual report
「Although the deferred tax assets for the current consolidated fiscal year are considered sufficiently recoverable, if their recoverability needs to be reassessed due to operating results or other factors, this may affect the performance and financial condition of the Group.」
The risk associated with judgments regarding the recoverability of deferred tax assets continues to be disclosed. - FY2016First statedAnnual report
「Although the deferred tax assets for the current consolidated fiscal year are considered sufficiently recoverable, if their recoverability needs to be reassessed due to operating results or other factors, this may affect the performance and financial condition of the Group.」
Current and non-current deferred tax assets are recognized, and valuation allowances are determined based on estimates of future taxable income.