Partial Reversal of Deferred Tax Assets Following Deteriorating Performance
First written in FY2020. 2 of 12 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2019: 3 of 13 companies on the "Worse" side.
22 other companies' latest entry also says "Other".
- FY2026-H1Deferred tax assets increase to ¥272 millionAnnual report
「Deferred tax assets 152 272」
Deferred tax assets increased from ¥152 million at the end of the previous consolidated fiscal year to ¥272 million. - FY2025Deferred tax assets totaled ¥152 millionAnnual report
「Deferred tax assets 118 152」
Deferred tax assets increased from ¥118 million at the end of the previous fiscal year to ¥152 million. Uncertainty regarding recoverability, with expected taxable income as a key assumption, continues. - FY2025-H1Deferred tax assets totaled ¥120 millionAnnual report
「Deferred tax assets 118 120」
Deferred tax assets increased from ¥118 million at the end of the previous consolidated fiscal year to ¥120 million. - FY2024-Q3Deferred tax assets increased to ¥161 millionAnnual report
「Deferred tax assets 116 161」
Deferred tax assets increased from ¥116 million at the end of the previous consolidated fiscal year to ¥161 million. - FY2024-Q2Deferred tax assets increased to ¥207 millionAnnual report
「Deferred tax assets 116 207」
Deferred tax assets increased from ¥116 million at the end of the previous consolidated fiscal year to ¥207 million. Recoverability depends on expected future taxable income and other factors. - FY2024-Q1Deferred tax assets increased to ¥260 millionAnnual report
「Deferred tax assets 116 260」
Deferred tax assets increased from ¥116 million at the end of the previous consolidated fiscal year to ¥260 million. Recoverability depends on expected future taxable income and other factors. - FY2023Deferred tax assets decreased to ¥116 millionAnnual report
「Deferred tax assets 235 116」
Deferred tax assets decreased from ¥235 million at the end of the previous fiscal year to ¥116 million. The uncertainty regarding recoverability, with estimated taxable income as a key assumption, is also disclosed. - FY2023-Q1Deferred tax assets increased to ¥290 millionAnnual report
「Deferred tax assets 235 290」
Deferred tax assets increased from ¥235 million at the end of the previous consolidated fiscal year to ¥290 million. The Company states that there were no significant changes in its accounting estimates, including the expected timing of the end of the spread of COVID-19. - FY2022Deferred tax assets decreased to ¥235 millionAnnual report
「Deferred tax assets 309 235」
Deferred tax assets decreased from ¥309 million at the end of the previous fiscal year to ¥235 million. The uncertainty regarding recoverability, with expected future taxable income as a key assumption, continues to be disclosed. - FY2022-Q2RestatedAnnual report
「There were no significant changes in the assumptions, including the expected timing of the end of the spread of COVID-19, described in the “Additional Information (Accounting Estimates Relating to the Impact of the Spread of COVID-19)” section of the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no significant changes in the assumptions underlying accounting estimates, including the expected timing of the end of the spread of COVID-19. - FY2021RestatedAnnual report
「In assessing the recoverability of deferred tax assets, the Company uses its judgment regarding the expected generation of taxable income as a key assumption. This assumption may be affected by changes in uncertain future economic conditions and other factors. If actual operating results or the timing of events differ from the estimates, the resulting recognition or reversal of a valuation allowance may materially affect the consolidated financial statements for the following consolidated fiscal year.」
Deferred tax assets of ¥309 million were recognized, and the Company continues to disclose the potential impact of changes in assumptions, including expected taxable income. - FY2020First statedAnnual report
「In addition, in light of recent business performance trends, the Company reversed part of its deferred tax assets based on the Implementation Guidance on Recoverability of Deferred Tax Assets and recognized ¥294 million in deferred income taxes.」
Based on its assessment of the recoverability of deferred tax assets in light of business performance trends, the Company actually reversed part of the assets and recognized ¥294 million in deferred income taxes.