Change in the Method of Calculating Tax Expense for Quarterly Financial Results
First written in FY2016-Q4. 14 of 16 entries say "Restated". Latest entry: FY2025-H1.
Ryohin Keikaku moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「Previously, income taxes were generally calculated using the standard method, except at certain consolidated subsidiaries. To further improve the efficiency of the quarterly closing process, the Company changed the method from the beginning of the current interim consolidated accounting period to the method described in the notes on accounting procedures specific to the preparation of interim consolidated financial statements. Since the impact of this change was immaterial, it was not applied retrospectively.」
The method of calculating income taxes was changed from the beginning of the current interim consolidated accounting period from the previous standard method, to improve the efficiency of the quarterly closing process. - FY2024-Q3RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2020-Q1RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2019-Q4RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current second-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2019-Q3RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2019-Q1RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2018-Q4RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current second-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2018-Q3RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2018-Q1RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current third-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2017-Q4RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current second-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2017-Q3RestatedAnnual report
「For income taxes, certain consolidated subsidiaries primarily calculate the amount by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year containing the current first-quarter consolidated accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate.」
Certain consolidated subsidiaries continue to calculate quarterly income taxes by estimating the effective tax rate for the consolidated fiscal year. - FY2017-Q1RestatedAnnual report
「Previously, income taxes were calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the fiscal year containing the quarterly accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate. From the first quarter of the consolidated fiscal year, the Company and certain consolidated subsidiaries changed to a simplified method of calculating income taxes in the same manner as for the annual financial statements, in order to reflect the Group's income tax expense more appropriately in the quarterly consolidated financial statements.」
The calculation method changed from the first quarter continues to be used to reflect the Group's income tax expense more appropriately. - FY2016-Q4First statedAnnual report
「Previously, income taxes were calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the fiscal year containing the quarterly accounting period, and multiplying pretax quarterly net income by that estimated effective tax rate. From the first quarter of the consolidated fiscal year, the Company and certain consolidated subsidiaries changed to a simplified method of calculating income taxes in the same manner as for the annual financial statements, in order to reflect the Group's income tax expense more appropriately in the quarterly consolidated financial statements.」
The calculation method was changed from the first quarter to reflect the Group's income tax expense more appropriately in the quarterly consolidated financial statements.