Komori
Tokyo Radiator Mfg. (7235) · RiskMitigated

Changes in recoverability of deferred tax assets and valuation allowance

First written in FY2020. 9 of 16 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.

16entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2022-Q1 – FY2023-Q2MitigatedFY2024-Q2 – FY2024MitigatedFY2025 – FY20262020: 320202021: 220212022: 220222023: 320232024: 320242025: 220252026: 12026
Same theme, other companies
Recognition or Increase of Valuation Allowance Against Deferred Tax AssetsA theme 25 companies write about · 23 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2026: 12 of 18 companies on the "Worse" side.

4 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 25 companies compared. The sentences above are computed from all 25.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Subtotal of valuation allowance (Note 1) △622,203 thousand yen △243,486 thousand yen」

    The valuation allowance against deferred tax assets decreased from ¥622 million in the previous fiscal year to ¥243 million, reducing the impact related to recoverability.
  2. FY2026-H1MitigatedAnnual report

    「Income taxes—adjustments 80,329 △ 130,848」

    Income taxes—adjustments changed from an expense of approximately ¥80 million in the same period of the previous year to income of approximately ¥131 million in the six-month interim consolidated accounting period, improving the impact on profit and loss related to the recoverability of deferred tax assets.
  3. FY2025MitigatedAnnual report

    「Income taxes—adjustments △ 344,886 △ 65,364」

    Income taxes—adjustments changed from income of ¥344 million in the previous fiscal year to income of ¥65 million in the current fiscal year. The valuation allowance also decreased from ¥742 million to ¥622 million, reducing the impact related to the recoverability of deferred tax assets.
  4. FY2025-H1WorsenedAnnual report

    「Income taxes—adjustments △ 32,102 80,329」

    Income taxes—adjustments changed from income of ¥32.102 million in the same period of the previous year to an expense of ¥80.329 million in the six-month interim consolidated accounting period, worsening the impact on profit and loss related to the recoverability of deferred tax assets.
  5. FY2024MitigatedAnnual report

    「Income taxes amounted to income of ¥68 million, compared with an expense of ¥485 million in the previous fiscal year, as the Company estimated future taxable income as of the current date, reviewed the recoverability of deferred tax assets and recognised deferred tax assets for the portion expected to be recoverable, among other factors.」

    As a result of recognising the portion of deferred tax assets expected to be recoverable, income taxes changed from an expense of ¥485 million in the previous fiscal year to income of ¥68 million in the current fiscal year.
  6. FY2024-Q3MitigatedAnnual report

    「Income taxes—adjustments 265,209 14,479」

    Income taxes—adjustments decreased from ¥265 million in the same period of the previous year to ¥14.479 million, reducing the impact on profit and loss related to the recoverability of deferred tax assets.
  7. FY2024-Q2MitigatedAnnual report

    「Income taxes—adjustments 54,549 △ 32,102」

    Income taxes—adjustments changed from income of ¥54.549 million in the same period of the previous year to income of ¥32.102 million in the six months ended 30 September, improving the impact on profit and loss related to the recoverability of deferred tax assets.
  8. FY2023WorsenedAnnual report

    「The main reasons for the significant change in the valuation allowance were a change in the Company’s classification for determining the recoverability of deferred tax assets and an increase in tax loss carryforwards.」

    The valuation allowance increased from ¥672.687 million to ¥1,278.990 million due to the change in the Company’s classification and the increase in tax loss carryforwards, increasing uncertainty regarding the recoverability of deferred tax assets.
  9. FY2023-Q3WorsenedAnnual report

    「The quarterly net loss attributable to owners of the parent worsened by ¥756 million from the same quarter of the previous year to ¥1,064 million, due to the recognition of recall-related costs for products manufactured by the Company as an extraordinary loss and the recognition of income taxes—adjustments resulting from the reversal of deferred tax assets.」

    The recording of income taxes—adjustments resulting from the reversal of deferred tax assets continued, bringing income taxes—adjustments for the nine months ended 31 December to ¥265 million. Together with recall costs, this increased the quarterly net loss attributable to owners of the parent to ¥1,064 million.
  10. FY2023-Q2MitigatedAnnual report

    「Income taxes—adjustments 71,874 54,549」

    Income taxes—adjustments decreased from ¥71.874 million in the same quarter of the previous year to ¥54.549 million, reducing the impact on profit and loss related to the recoverability of deferred tax assets from the same period of the previous year.
  11. FY2023-Q1MitigatedAnnual report

    「Income taxes—adjustments △ 51,310 △ 40,491」

    Income taxes—adjustments changed from an expense of ¥51.310 million in the same period of the previous year to an expense of ¥40.491 million in the current quarter, reducing the impact on profit and loss related to the recoverability of deferred tax assets from the same period of the previous year.
  12. FY2022-Q1MitigatedAnnual report

    「Income taxes—adjustments 163,627 △ 51,310」

    Income taxes—adjustments changed from an expense of ¥163 million in the same period of the previous year to income of ¥51 million in the current quarter. The impact on profit and loss related to the recoverability of deferred tax assets improved from the same period of the previous year.
  13. FY2021-Q3RestatedAnnual report

    「In terms of profit, results improved on the recovery in sales and cost-reduction initiatives. However, the operating loss was ¥237 million, compared with operating profit of ¥449 million in the same period of the previous year, due to a decline in marginal profit resulting from lower sales in the first half, costs related to the medium- and long-term modernization of equipment at the Fujisawa Plant, and the recognition of income taxes and other adjustments resulting from a review of the recoverability of deferred tax assets.」

    Recording income taxes—adjustments following a review of the recoverability of deferred tax assets continues to be cited as a factor affecting profit and loss.
  14. FY2021-Q2RestatedAnnual report

    「In terms of profit, although we pursued cost-reduction activities and thorough expense controls, operating loss was ¥469 million, compared with operating profit of ¥322 million in the same period of the previous year, due to the decline in gross profit resulting from lower sales, costs related to the medium- and long-term modernization of facilities at the Fujisawa Plant, the recognition of adjustments to corporate income taxes and other taxes following a review of the recoverability of deferred tax assets, and other factors.」

    Recording income taxes—adjustments following a review of the recoverability of deferred tax assets continues to be cited as a factor affecting profit and loss. This includes the impact of the ¥157 million recorded in the first quarter.
  15. FY2021-Q1WorsenedAnnual report

    「As of the end of the first quarter of the current fiscal year, the expected timing of demand recovery was later than assumed at the end of the previous fiscal year. Accordingly, ¥157 million in income taxes—adjustments arising from a review of the recoverability of deferred tax assets was recorded.」

    The expected recovery in demand was later than assumed at the end of the previous fiscal year. Following a review of the recoverability of deferred tax assets, ¥157 million in income taxes—adjustments was recorded.
  16. FY2020First statedAnnual report

    「Following a careful review of the recoverability of deferred tax assets, we reversed part of the deferred tax assets and recorded ¥196 million in income taxes—adjustments as income tax expense.」

    A partial reversal was made following a review of the recoverability of deferred tax assets, and ¥196 million in income taxes—adjustments was recorded. The valuation allowance also increased.
Moved together

"Low-cost, high-quality supply and cost reduction" moved the same way as this thread, in the same document, in 7 of its 16 moves.

776533★123456
  1. ★This thread
  2. 1Low-cost, high-quality supply and cost reduction7×
  3. 2Product Defects and Serious Claims7×
  4. 3Management metric focused on the operating margin6×
  5. 4Renovation and Upgrading of Manufacturing Equipment and Investment to Improve Productivity5×
  6. 5Impact of foreign-exchange movements on revenue3×
  7. 6Development and expanded sales of products addressing environmental and customer needs3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tokyo Radiator Mfg.'s next results are scheduled for 2026-11-12. Read the earnings preview
News
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