Recoverability of Deferred Tax Assets
First written in FY2017. 3 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2024.
Hi-Lex moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2023: 4 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The valuation allowance for tax loss carryforwards decreased from ¥5,736 million in the previous consolidated fiscal year to ¥5,637 million in the current consolidated fiscal year.」
The valuation allowance for tax loss carryforwards decreased from ¥5,736 million to ¥5,637 million, and uncertainty regarding the recoverability of deferred tax assets declined slightly from the previous period. - FY2023WorsenedAnnual report
「The valuation allowance for tax loss carryforwards increased from ¥4,735 million in the previous consolidated fiscal year to ¥5,736 million in the current consolidated fiscal year.」
The valuation allowance for tax loss carryforwards increased from ¥4,735 million to ¥5,736 million. Uncertainty regarding estimates of future taxable income and the recoverability of deferred tax assets has increased. - FY2022WorsenedAnnual report
「The valuation allowance for tax loss carryforwards increased from ¥3,139 million in the previous consolidated fiscal year to ¥4,735 million in the current consolidated fiscal year.」
The valuation allowance for tax loss carryforwards increased from ¥3,139 million to ¥4,735 million, and uncertainty regarding estimates of future taxable income and the recoverability of deferred tax assets has increased. - FY2020WorsenedAnnual report
「Valuation allowance for tax loss carryforwards: ¥2,806 million」
The valuation allowance for tax loss carryforwards increased from ¥2,156 million in the previous year to ¥2,806 million. Uncertainty regarding estimates of future taxable income and the recoverability of deferred tax assets has increased in the year in which the loss was recognized. - FY2019RestatedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If those estimates decline, the deferred tax assets may be reduced and tax expense may be recognized.」
The possibility that lower estimates of future taxable income will result in a reduction of deferred tax assets and the recognition of tax expenses continues to be treated as a significant accounting-estimate risk. - FY2017First statedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If those estimates decline, the deferred tax assets may be reduced and tax expense may be recognized.」
The company identifies the possibility that lower estimates of future taxable income may result in a reduction of deferred tax assets and the recognition of tax expenses as a significant accounting-estimate risk.