Change to Calculating Quarterly Tax Expense Using the Estimated Effective Tax Rate
First written in FY2024-Q1. 4 of 5 entries say "Restated". Latest entry: FY2026-H1.
80 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax net income for the consolidated fiscal year, including the interim consolidated accounting period under review, and multiplying pretax interim net income or pretax interim net loss by that estimated effective tax rate.」
The method of calculating interim tax expense using the estimated effective tax rate continues to be applied in the current interim consolidated accounting period. - FY2025-H1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax net income for the consolidated fiscal year, including the interim consolidated accounting period under review, and multiplying pretax interim net income or pretax interim net loss by that estimated effective tax rate.」
The method of calculating quarterly and interim tax expense using the estimated effective tax rate introduced in the previous fiscal year continued to be applied in the interim consolidated accounting period under review. - FY2024-Q3RestatedAnnual report
「Previously, tax expense was calculated using the same method as for the annual financial statements. From the first quarter of the fiscal year under review, the company changed to a method of reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax net income for the consolidated fiscal year, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The calculation of quarterly tax expense using the estimated effective tax rate introduced in the first quarter continued to be applied in the third quarter under review. - FY2024-Q2RestatedAnnual report
「Previously, tax expense was calculated using the same method as for the annual financial statements. To further improve the efficiency of quarterly closing procedures for the company and its consolidated subsidiaries, from the first quarter of the fiscal year under review the company changed to a method of reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax net income for the consolidated fiscal year, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The calculation of quarterly tax expense using the estimated effective tax rate introduced in the first quarter continued to be applied in the notes for the second quarter under review. - FY2024-Q1First statedAnnual report
「Previously, tax expense was calculated using the same method as for the annual financial statements. To further improve the efficiency of quarterly closing procedures for the company and its consolidated subsidiaries, from the first quarter of the fiscal year under review the company changed to a method of reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax net income for the consolidated fiscal year, and multiplying pretax quarterly net income by that estimated effective tax rate.」
To improve the efficiency of quarterly closing procedures, the company changed from the first quarter of the fiscal year under review to calculating tax expense based on the estimated effective tax rate. The impact was immaterial, and no retrospective application was made.