Recognition of deferred tax assets in light of earnings recovery
First written in FY2018. 8 of 23 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 3 of 12 companies on the "Worse" side.
13 other companies' latest entry also says "Other".
- FY2027-H1Decrease in the balance of deferred tax assetsAnnual report
「Deferred tax assets 56,753 43,073」
Deferred tax assets decreased from ¥56.753 million at the end of the previous consolidated fiscal year to ¥43.073 million. - FY2026Increase in Deferred Tax Asset BalanceAnnual report
「Deferred tax assets ¥36.128 million ¥56.753 million」
Deferred tax assets increased from ¥36.128 million at the end of the previous fiscal year to ¥56.753 million. - FY2025-H1Increase in Deferred Tax Asset BalanceAnnual report
「Deferred tax assets ¥22.030 million ¥37.275 million」
Deferred tax assets increased from ¥22.030 million at the end of the previous consolidated fiscal year to ¥37.275 million, reversing the downward trend through the previous fiscal year. - FY2025-Q1Decrease in the balance of deferred tax assetsAnnual report
「Deferred tax assets ¥22.030 million ¥17.411 million」
Deferred tax assets decreased from ¥22.030 million at the end of the previous consolidated fiscal year to ¥17.411 million at the end of the first quarter. - FY2024Full-year increase in the balance of deferred tax assetsAnnual report
「Deferred tax assets ¥9.383 million ¥22.030 million」
Deferred tax assets increased from ¥9.383 million at the end of the previous consolidated fiscal year to ¥22.030 million. - FY2024-Q3Increase in Deferred Tax Asset BalanceAnnual report
「Deferred tax assets ¥9.383 million ¥32.347 million」
Deferred tax assets increased from ¥9.383 million at the end of the previous consolidated fiscal year to ¥32.347 million at the end of the third quarter, reversing the decline and move to zero seen through the previous quarter. - FY2024-Q2Balance of deferred tax assets reaches zeroAnnual report
「Deferred tax assets ¥9.383 million —」
Deferred tax assets decreased from ¥9.383 million at the end of the previous consolidated fiscal year to zero at the end of the second quarter. - FY2024-Q1Decrease in the balance of deferred tax assetsAnnual report
「Deferred tax assets ¥9.383 million ¥8.196 million」
Deferred tax assets decreased from ¥9.383 million at the end of the previous consolidated fiscal year to ¥8.196 million. - FY2023-Q3Further decrease in the balance of deferred tax assetsAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Based on these assumptions, when recognizing deferred tax assets of ¥23.112 million, we estimate future taxable income and assess their recoverability.」
Although the Group states that there has been no material change in the assumptions regarding the effects of COVID-19, deferred tax assets decreased from ¥91.113 million at the end of the previous consolidated fiscal year to ¥23.112 million. - FY2023-Q2Decrease in the balance of deferred tax assetsAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Based on these assumptions, when recognizing deferred tax assets of ¥28.251 million, we estimate future taxable income and assess their recoverability.」
Although the Group states that there has been no material change in the assumptions regarding the effects of COVID-19, deferred tax assets amounted to ¥28.251 million. - FY2023-Q1RestatedAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Based on these assumptions, when recognizing deferred tax assets of ¥60.472 million, we estimate future taxable income and assess their recoverability.」
The Group states that there has been no material change in the assumptions regarding the effects of COVID-19 as of the end of the previous consolidated fiscal year and assesses the recoverability of deferred tax assets of ¥60.472 million. - FY2022Softening of the wording regarding the duration of the effects of COVID-19Annual report
「We assume that the effects will continue to some extent after March 2022.」
The wording changed from the previous fiscal year's assumption of "approximately one year after March 2021" to the current fiscal year's "to some extent after March 2022," reducing the specificity regarding the duration of the effects. - FY2022-Q3RestatedAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Based on these assumptions, when recognizing deferred tax assets of ¥112.306 million, we estimate future taxable income and assess their recoverability.」
The Group states that there has been no material change in the assumptions regarding the effects of COVID-19 as of the end of the previous consolidated fiscal year and assesses the recoverability of deferred tax assets of ¥112.306 million. - FY2022-Q2RestatedAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Based on these assumptions, when recognizing deferred tax assets of ¥130.718 million, we estimate future taxable income and assess their recoverability.」
The Group states that there has been no material change in the assumptions regarding the effects of COVID-19 as of the end of the previous consolidated fiscal year and assesses the recoverability of deferred tax assets of ¥130.718 million. - FY2021RestatedAnnual report
「The spread of COVID-19 is an event that has had a broad impact on the economy, daily activities and other areas, and our Group assumes that its effects will continue for approximately one year after March 2021. Based on this assumption, when recognizing deferred tax assets of ¥140.310 million, we estimate future taxable income and assess their recoverability.」
The assumption that the effects of COVID-19 will continue for approximately one year after March 2021 has been maintained, and the recoverability of deferred tax assets of ¥140.310 million is being assessed. - FY2021-Q3Revision of the assumption regarding the duration of the effects of COVID-19Annual report
「As of the end of February 2020, our Group assumed that the spread of COVID-19 was an event that would have a broad impact on the economy, daily activities and other areas, and that its effects would continue for approximately one year. However, as COVID-19 continued to constrain various economic activities as of the end of the third quarter of the fiscal year ending February 2021, we revised our assumption regarding its effects to provide that they would continue for approximately one year after March 2021. Based on this assumption, when recognizing deferred tax assets of ¥76.507 million, we estimate future taxable income and assess their recoverability.」
As COVID-19 continued to constrain economic activity as of the end of the third quarter, the assumption was revised to provide that its effects would continue for approximately one year after March 2021, and the recoverability of deferred tax assets of ¥76.507 million is being assessed. - FY2021-Q2RestatedAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Although COVID-19 is an event that has had a broad impact on the economy, daily activities and other areas, we assume that demand for our Group's products will gradually recover as the spread of infections subsides in each region and economic activity resumes. Based on this assumption, when recognizing deferred tax assets of ¥51.038 million, we estimate future taxable income and assess their recoverability.」
The Group states that there has been no material change in the assumptions regarding the effects of COVID-19 as of the end of the previous consolidated fiscal year and assesses the recoverability of deferred tax assets of ¥51.038 million based on the assumption that demand will gradually recover. - FY2021-Q1RestatedAnnual report
「Regarding the effects of COVID-19, our Group has made no material changes to the assumptions in place at the end of the previous consolidated fiscal year. Although COVID-19 is an event that has had a broad impact on the economy, daily activities and other areas, we assume that demand for our Group's products will gradually recover as the spread of infections subsides in each region and economic activity resumes. Based on this assumption, when recognizing deferred tax assets of ¥52.172 million, we estimate future taxable income and assess their recoverability. These assumptions involve a high degree of uncertainty, and the amount of loss may increase or decrease if the spread of COVID-19 or its economic impact changes from the initial assumptions.」
The Group states that there has been no material change in the assumptions regarding the effects of COVID-19 as of the end of the previous consolidated fiscal year and assesses the recoverability of deferred tax assets of ¥52.172 million based on the assumption that demand will gradually recover. - FY2020Recoverability assessment incorporating the impact of COVID-19Annual report
「The spread of COVID-19 is an event that has had a broad impact on the economy, daily activities and other areas, and our Group assumes that its effects will continue for approximately one year under current conditions. Based on this assumption, when recognizing deferred tax assets of ¥55.253 million, we estimate future taxable income and assess their recoverability.」
The recoverability assessment for deferred tax assets is based on the assumption that the effects of COVID-19 will continue for approximately one year under current conditions. - FY2020-Q3RestatedAnnual report
「Profit attributable to owners of the parent was ¥450 million, down 25.6% year on year, partly due to a review of the recognition of deferred tax assets under tax-effect accounting.」
The review of the recognition of deferred tax assets continues to be cited as one of the factors behind profit attributable to owners of the parent. - FY2020-Q2Explicitly identified the review of deferred tax asset recognition as a performance factorAnnual report
「Profit attributable to owners of the parent was ¥317 million, down 21.3% year on year, exceeding the initial earnings forecast in terms of profit, partly due to a review of the recognition of deferred tax assets under tax-effect accounting.」
The review of the recognition of deferred tax assets is cited as one of the factors behind profit attributable to owners of the parent and its exceeding the initial earnings forecast. - FY2019RestatedAnnual report
「In light of the recovery in performance in recent years and expected future performance, we decided to recognize deferred tax assets and recorded ¥(13.612 million) in income taxes adjustments (a negative figure represents income).」
In light of the recovery in performance and expected future performance, the company also recognized deferred tax assets in the current fiscal year and recorded ¥(13.612 million) in income taxes adjustments. - FY2018First statedAnnual report
「In light of the recovery in performance in recent years and expected future performance, we decided to recognize deferred tax assets in the consolidated fiscal year and recorded ¥(52) million in income taxes adjustments (a negative figure represents income).」
The company disclosed that it recognized deferred tax assets in light of the recovery in performance and expected future performance, and recorded ¥(52) million in income taxes adjustments.