Changes in the Statutory Effective Tax Rate Resulting from U.S. Tax Reform and Their Impact on Income Taxes
First written in FY2018-Q3. 3 of 5 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2021.
Yorozu moved to the "Worse" side of this theme in 2021, 3 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 6 of 33 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2021MaterialisedAnnual report
「Net income attributable to owners of the parent was a loss of ¥6,195 million, reflecting impairment losses on property, plant and equipment at two sites in Thailand, the first U.S. site and the Yamagata site in Japan due to substantial declines in customer production volumes, as well as higher tax expenses from the write-down of deferred tax assets in the United States.」
Higher tax expenses from the write-down of deferred tax assets in the United States actually arose as a factor behind the net loss of ¥6,195 million. - FY2019-Q3RestatedAnnual report
「In addition to the decline in ordinary income, the net income attributable to owners of the parent declined 25.8% year on year to ¥2,080 million, partly due to the tax effect of the reduction in the U.S. corporate tax rate.」
The tax effect of the U.S. corporate tax-rate reduction continued to emerge as a factor behind the decline in quarterly net income attributable to owners of the parent. - FY2019-Q2RestatedAnnual report
「In addition to the decline in ordinary income, the quarterly net income attributable to owners of the parent declined 35.3% year on year to ¥1,673 million, partly due to the tax effect of the reduction in the U.S. corporate tax rate.」
The tax effect of the U.S. corporate tax-rate reduction continued to emerge as a factor behind the decline in quarterly net income attributable to owners of the parent. - FY2019-Q1MaterialisedAnnual report
「In addition to the decline in ordinary income, the quarterly net income attributable to owners of the parent declined 26.3% year on year to ¥858 million, partly due to the tax effect of the reduction in the U.S. corporate tax rate.」
The tax effect of the U.S. corporate tax-rate reduction actually emerged as a factor behind the decline in quarterly net income attributable to owners of the parent. - FY2018-Q3MaterialisedAnnual report
「Following enactment of the U.S. tax reform law, The Tax Cuts and Jobs Act of 2017, on 22 December 2017, the statutory effective tax rate for consolidated subsidiaries located in the United States changed from 37.0% to 24.0%. If income taxes for the nine-month period of the current fiscal year were recalculated based on this tax-rate change, income taxes would increase by ¥682 million.」
Following enactment of the U.S. tax reform law, the statutory effective tax rate changed from 37.0% to 24.0%; recalculating income taxes for the quarter would increase them by ¥682 million, according to the disclosure.