Remeasurement of Deferred Taxes Following the U.S. Corporate Tax Rate Cut
First written in FY2018-Q1. 2 of 3 entries say "Restated". Latest entry: FY2018-Q3.
3 other companies' latest entry also says "Restated".
- FY2018-Q3RestatedAnnual report
「The company recognized a ¥336 million reduction in income taxes in the cumulative third-quarter consolidated accounting period as the impact of the enactment of the legislation, resulting from the remeasurement of deferred tax assets and deferred tax liabilities accompanying the reduction in the federal corporate tax rate, among other factors.」
The impact of remeasuring deferred taxes following the reduction in the U.S. federal corporate tax rate from 35% to 21% has been recognized at ¥336 million for the cumulative first nine months of the current fiscal year. - FY2018-Q2RestatedAnnual report
「The company recognized ¥156 million in the cumulative second-quarter consolidated accounting period as the impact of the enactment of the legislation, including a reduction in income taxes resulting from the remeasurement of deferred tax assets and deferred tax liabilities accompanying the reduction in the federal corporate tax rate.」
The company recognized ¥156 million as the impact for the cumulative current-quarter period of remeasuring deferred taxes following the reduction in the U.S. federal corporate tax rate from 35% to 21%. - FY2018-Q1First statedAnnual report
「In the United States, tax reform legislation was enacted on 22 December 2017 (local date), centered on reducing the federal corporate tax rate from 35% to 21% for periods beginning on or after 1 January 2018. The company recognized ¥68 million in the current first-quarter consolidated accounting period as the impact of the enactment of the legislation, including a reduction in income taxes resulting from the remeasurement of deferred tax assets and deferred tax liabilities accompanying the reduction in the federal corporate tax rate.」
Following the enactment of legislation reducing the U.S. federal corporate tax rate from 35% to 21%, the company recognized a ¥68 million reduction in income taxes, including the impact of remeasuring deferred tax assets and liabilities.