Eliminating uncertainties through the full reversal of deferred tax assets
First written in FY2017-Q3. 3 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Deferred tax assets ¥489 million」
The company recognized ¥489 million in deferred tax assets and continues to assess their recoverability based on future taxable income. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company continues to state that there have been no material changes from the end of the previous fiscal year in the assumptions underlying its accounting estimates concerning the impact of COVID-19. - FY2023-Q3RestatedAnnual report
「Looking ahead, the company is making reasonable estimates regarding impairment of fixed assets and the recoverability of deferred tax assets, based on a business plan prepared on the assumption that results will return to approximately the same level as actual results from January to December 2019, before the impact of COVID-19. The company calculates accounting estimates, including impairment of fixed assets, based on the assumptions described above, and there have been no material changes from the information presented in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the end of the previous fiscal year in its estimates for impairment and deferred tax assets, based on the assumption of a recovery to 2019 actual levels. - FY2022Re-recognition of deferred tax assets and assessment of recoverabilityAnnual report
「Deferred tax assets ¥607 million」
After previously writing off all deferred tax assets, the company recognized ¥607 million in deferred tax assets at the end of the current consolidated fiscal year and assessed their recoverability based on future taxable income. - FY2017AchievedAnnual report
「This was mainly due to a ¥544 million decrease in cash and deposits, a ¥395 million increase in accounts receivable, a ¥3,754 million decrease in deferred tax assets, a ¥628 million decrease in buildings and structures, and a ¥229 million decrease in machinery, equipment and vehicles.」
The full write-off of deferred tax assets identified in the previous quarter as a measure for the next fiscal year was implemented, reducing deferred tax assets from ¥3,754 million in the previous fiscal year to zero at the end of the current fiscal year. - FY2017-Q3First statedAnnual report
「Looking ahead to the next fiscal year, we will fundamentally impair unprofitable stores and fully write down deferred tax assets, thereby eliminating management uncertainty, before advancing company-wide business restructuring without being bound by the previous framework.」
As a measure for the next fiscal year, the company has for the first time disclosed a policy of writing off all deferred tax assets to eliminate management uncertainties.