Recognition of deferred tax assets related to the provision for directors' retirement benefits and approval of payment
First written in FY2021-Q3. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2026-H1.
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- FY2026-H1Decrease in the provision for directors' retirement benefits balanceAnnual report
「Provision for directors' retirement benefits 4,350 2,550」
The balance of the provision for directors' retirement benefits decreased from ¥4.350 million at the end of the previous fiscal year to ¥2.550 million. - FY2021AdvancedAnnual report
「In addition, at a Board of Directors meeting held on 29 January 2021, the company resolved to approve payment of ¥258 million in directors' retirement benefits to the individual's surviving family members.」
The company reversed the ¥258 million provision for directors' retirement benefits payable to the chairman, leaving a balance of ¥4.350 million at the end of the fiscal year. The annual report also confirms the approval of ¥258 million in payments to the surviving family members. - FY2021-Q3First statedAnnual report
「At the end of the current third quarter accounting period, the company had not recognized deferred tax assets for the ¥258 million provision for directors' retirement benefits payable to the individual concerned because the timing of retirement was undetermined. However, after reassessing recoverability, the company newly recognized deferred tax assets related to the provision. The resulting impact on deferred tax assets and deferred income taxes was ¥78.690 million. In addition, at a Board of Directors meeting held on 29 January 2021, the company resolved to approve payment of ¥258 million in directors' retirement benefits to the individual's surviving family members. There was no impact on profit or loss.」
The company reassessed the recoverability of the ¥258 million provision for directors' retirement benefits payable to the chairman and newly recognized deferred tax assets. The impact on deferred income taxes was ¥78.690 million, and payment of ¥258 million in directors' retirement benefits to the surviving family members was also approved.