Recoverability of Deferred Tax Assets Arising from Tax Loss Carryforwards
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 12 of 16 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In assessing the recoverability of deferred tax assets, the group determined that they were not recoverable because it could not reliably expect taxable income to arise in the following fiscal year, and therefore did not recognise deferred tax assets.」
The company continues not to recognise deferred tax assets, while the valuation allowance related to tax loss carryforwards decreased to ¥307.313 million from the previously disclosed amount. - FY2023RestatedAnnual report
「In assessing the recoverability of deferred tax assets, the company determined that they were not recoverable because it had incurred significant tax losses and could not reliably expect taxable income to arise in the following fiscal year, and therefore did not recognise deferred tax assets.」
The company recorded a valuation allowance against the full amount of ¥467.297 million in tax loss carryforwards and has not recognised deferred tax assets, reaffirming this position. - FY2022First statedAnnual report
「In assessing the recoverability of deferred tax assets, the company determined that they were not recoverable because it had incurred significant tax losses and could not reliably expect taxable income to arise in the following fiscal year, and therefore did not recognise deferred tax assets. If taxable income is expected to arise in the future, the company may recognise deferred tax assets.」
The company has not recognised deferred tax assets because of significant tax losses, and has identified as a new accounting risk the impact of expected future taxable income on its assessment of recoverability.