Recoverability and Reversal of Deferred Tax Assets
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: 2026-05-29.
The whole theme swung hardest in 2019: 3 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- 2026-05-29RestatedGeneral Meetings of Shareholders
「However, because these estimates contain uncertainties, if judgments regarding the recoverability of deferred tax assets change due to unforeseeable changes in market conditions or other factors, the company may consequently reduce deferred tax assets further in the future.」
The company continued to identify the possibility of future additional reductions in deferred tax assets, based on assumptions including rising wages, higher raw-material costs, and weak sales of Japanese vehicles in the Chinese market. - FY2025RestatedAnnual report
「If judgments concerning the assessment of the recoverability of deferred tax assets change due to unforeseeable changes in the market environment or other factors, additional reductions in deferred tax assets may consequently be required in the future.」
The recoverability of deferred tax assets was estimated on the assumptions of rising wages, higher raw material costs, and weak sales of Japanese vehicles in the Chinese market, and the possibility of additional future reductions continued to be disclosed. - FY2023MaterialisedAnnual report
「In terms of profit, operating loss was ¥770 million, compared with a loss of ¥70 million in the previous fiscal year, mainly due to increased transportation costs caused by port disruptions, particularly in North America. Ordinary profit was ¥28 million, down 95.4% year on year, while net loss attributable to owners of the parent was ¥2,053 million, compared with a loss of ¥1,210 million in the previous fiscal year, mainly because we wrote down deferred tax assets.」
The risk concerning the recoverability of deferred tax assets was explicitly identified for the first time as a factor behind the write-down of deferred tax assets and the resulting net loss of ¥2,053 million for the fiscal year.