Tax Burden from Utilization of Tax Loss Carryforwards
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Deferred tax assets of ¥28,612 thousand were recognized for part of tax loss carryforwards of ¥155,764 thousand, calculated using the statutory effective tax rate.」
Tax loss carryforwards declined from ¥191,316 thousand to ¥155,764 thousand, and deferred tax assets of ¥28,612 thousand were recognized for part of the balance. The risk of a tax burden after utilization remained disclosed. - FY2022RestatedAnnual report
「The company has tax loss carryforwards. These reduce the corporate tax burden and, within the applicable limits on the carryforward period, will continue to improve cash flow by reducing tax payments. However, if the tax loss carryforwards are utilized as performance progresses favorably, corporate taxes at the normal tax rate will be recognized, which may affect our performance and financial position.」
The company continued to disclose the risk of normal-rate tax expense after tax loss carryforwards are utilized. - FY2021RestatedAnnual report
「The company has tax loss carryforwards. These reduce the corporate tax burden and, within the applicable limits on the carryforward period, will continue to improve cash flow by reducing tax payments. However, if the tax loss carryforwards are utilized as performance progresses favorably, corporate taxes at the normal tax rate will be recognized, which may affect our performance and financial position.」
The company continued to disclose the risk of a normal-rate tax burden after tax loss carryforwards are utilized. - FY2020First statedAnnual report
「The company has tax loss carryforwards. These reduce the corporate tax burden and, within the applicable limits on the carryforward period, will continue to improve cash flow by reducing tax payments. However, if the tax loss carryforwards are utilized as performance progresses favorably, corporate taxes at the normal tax rate will be recognized, which may affect our performance and financial position.」
The company identified the tax benefit from tax loss carryforwards and the risk of normal-rate corporate tax expense after they are utilized.