Change in the Method of Calculating Quarterly Tax Expense
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Previously, tax expense was calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
The company has restated the method of calculating quarterly income tax expense, which was changed from the first quarter. - FY2023-Q2RestatedAnnual report
「Previously, tax expense was calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
The company has restated the method of calculating quarterly income tax expense, which was changed from the first quarter. - FY2023-Q1First statedAnnual report
「Previously, tax expense was calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the quarterly consolidated accounting period, and multiplying profit before income taxes for the quarter by that estimated effective tax rate. From the first quarter of the current consolidated accounting period, the company changed to the same method used for the annual financial statements in order to reflect tax expense more appropriately in the quarterly consolidated financial statements.」
The company has described for the first time its change in the method of calculating quarterly income tax expense, from the former method using an estimated effective tax rate to the method used for the annual financial statements.