Change to Income Tax Expense Calculation Based on an Estimated Effective Tax Rate After Applying Tax-Effect Accounting
First written in FY2025-H1. 1 of 2 entries say "Restated". Latest entry: FY2026-H1.
80 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「For income tax expense of the Group, we reasonably estimate the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year, including the current interim consolidated accounting period, and calculate income tax expense by multiplying pretax interim net income by that estimated effective tax rate.」
The method of calculating income tax expense by estimating the effective tax rate after applying tax-effect accounting continues to be used in the interim consolidated financial statements. - FY2025-H1First statedAnnual report
「Previously, income tax expense was calculated using the same method as for the annual financial statements. To further improve the efficiency of the closing process, from the current interim accounting period we changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax net income for the fiscal year, and calculates pretax interim net income multiplied by that estimated effective tax rate.」
The method of calculating income tax expense was changed from the current interim accounting period to improve the efficiency of the closing process. The impact was immaterial, and no retrospective application was made.