Higher Tax Burden Following Utilization of Tax Loss Carryforwards
First written in FY2022-Q1. 2 of 5 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Tax loss carryforwards (Note) 414,331」
Tax loss carryforwards declined from ¥440.342 million in the previous consolidated fiscal year to ¥414.331 million. However, the disclosure continues to identify the risk of a higher tax burden after the tax loss carryforwards are utilised. - FY2024WorsenedAnnual report
「Tax loss carryforwards were ¥455.468 million. If the tax loss carryforwards currently available are fully utilised in the future and corporate tax, inhabitant tax and enterprise tax are incurred at the normal tax rates, this could affect net income attributable to owners of the parent of the Group and consolidated cash flows.」
Tax loss carryforwards increased from ¥442.386 million in the previous fiscal year to ¥455.468 million, and the risk of a higher tax burden after they are utilised remains. - FY2023MitigatedAnnual report
「Tax loss carryforwards were ¥442.386 million. If the tax loss carryforwards currently available are fully utilised in the future and corporate tax, inhabitant tax and enterprise tax are incurred at the normal tax rates, this could affect net income attributable to owners of the parent of the Group and consolidated cash flows.」
Tax loss carryforwards declined from ¥453.669 million in the previous disclosure to ¥442.386 million. The risk of a higher tax burden after they are utilised remains. - FY2022RestatedAnnual report
「REFINVERSЕ Co., Ltd. and REFINE MATERIAL Co., Ltd. have tax loss carryforwards because they recorded net losses in previous fiscal years. Accordingly, until these tax loss carryforwards are utilised, taxable income subject to corporate tax for the companies is offset, reducing their tax burden. If the tax loss carryforwards currently available are fully utilised in the future and corporate tax, inhabitant tax and enterprise tax are incurred at the normal tax rates, this could affect net income attributable to owners of the parent of the Group and consolidated cash flows.」
The disclosure continues to identify the risk of a higher tax burden after the tax loss carryforwards are utilised, and also discloses tax loss carryforwards of ¥453.669 million. - FY2022-Q1First statedAnnual report
「If the tax loss carryforwards currently available are fully utilised in the future and corporate tax, inhabitant tax and enterprise tax are incurred at the normal tax rates, this could affect net income attributable to owners of the parent of the Group and consolidated cash flows.」
The disclosure identifies the current reduction in the tax burden from tax loss carryforwards and the risk of a higher tax burden after they are utilised.