Recoverability of Deferred Tax Assets
First written in FY2022. 3 of 10 entries say "Worsened", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「The amount rose to ¥394 million, a substantial improvement due to factors specific to the current period, including the recognition of ¥146 million in deferred tax assets as the Company became profitable and future taxable income was expected.」
Deferred tax assets, which had been zero since FY2024, were recognized at ¥146.635 million based on expected future taxable income resulting from a return to profitability. Although recoverability risk remains, the recognized amount recovered. - FY2025RestatedAnnual report
「Tax loss carryforwards ¥1,404.424 million Valuation allowance △¥1,404.424 million Deferred tax assets －」
Deferred tax assets effectively remained at zero, with a valuation allowance recorded against the full ¥1,404 million of tax loss carryforwards. - FY2024RestatedAnnual report
「Net deferred tax assets － △1,974」
The annual consolidated financial statements also confirmed that recognized deferred tax assets remained at zero, and a valuation allowance was recorded against the full amount of tax loss carryforwards of ¥1,447.258 million. - FY2024-Q3WorsenedAnnual report
「Deferred tax assets 11,608 －」
Recognized deferred tax assets fell from ¥11.608 million at the end of the previous consolidated fiscal year to zero at the end of the third quarter, indicating that conditions regarding recoverability had become even more challenging. - FY2024-Q2WorsenedAnnual report
「Deferred tax assets 11,608 46」
Recognized deferred tax assets fell sharply from ¥11.608 million at the end of the previous consolidated fiscal year to ¥46 thousand at the end of the second quarter, indicating that conditions regarding recoverability had become even more challenging. - FY2024-Q1Decrease in deferred tax assetsAnnual report
「Deferred tax assets 11,608 6,860」
Recognized deferred tax assets declined from ¥11.608 million at the end of the previous consolidated fiscal year to ¥6.860 million at the end of the first quarter. - FY2023WorsenedAnnual report
「Deferred tax assets are recognized to the extent that it is highly probable that taxable income will arise against which deductible temporary differences can be utilized. In assessing that probability, the timing and amount of taxable income that may be generated in the future are reasonably estimated and the amount is calculated accordingly.」
Tax loss carryforwards for the current period were ¥1,322.560 million, and the valuation allowance was ¥1,664.877 million. Recognized deferred tax assets declined from ¥41.223 million in the previous fiscal year to ¥11.608 million. - FY2022First statedAnnual report
「If future taxable income falls below estimates because of deterioration in future market conditions or operating performance, and it is determined that some or all deferred tax assets cannot be recovered, an additional valuation allowance may be recognized against the deferred tax assets, potentially having a material impact on profit or loss.」
The recoverability of deferred tax assets was described as carrying the risk that, if future taxable income falls below estimates, an additional valuation allowance would be recorded, materially affecting profit or loss. Deferred tax assets were ¥41.223 million, and the valuation allowance was ¥1,094.324 million.