China Transfer Pricing Investigation and Additional Tax Payments for Prior Fiscal Years
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2018: 3 of 12 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk related to the Chinese transfer pricing investigation and additional tax assessments for prior years. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk related to the Chinese transfer pricing investigation and additional tax assessments for prior years. - FY2020-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk related to the Chinese transfer pricing investigation and additional tax assessments for prior years. - FY2019MaterialisedAnnual report
「The company and its consolidated subsidiaries in Germany are being investigated by the Japanese and German tax authorities in relation to transfer pricing and other matters. Based on the course of the investigations, the company expects additional taxes for prior years that are likely to arise and has recorded them as income taxes for prior years.」
In connection with transfer pricing and other investigations by the Japanese and German tax authorities, ¥938 million was actually recorded as income taxes for prior years. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk related to the Chinese transfer pricing investigation and additional tax assessments for prior years. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk related to the Chinese transfer pricing investigation and additional tax assessments for prior years. - FY2016MaterialisedAnnual report
「A consolidated subsidiary in China is being investigated by the Chinese tax authorities in relation to transfer pricing. Based on the course of the investigation, the company expects additional taxes for prior years that are likely to arise and has recorded them as income taxes for prior years.」
Following an investigation by the Chinese tax authorities, ¥714 million was recorded as income taxes for prior years.