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Lihit Lab. (7975) · PolicyRestated

Change to Calculating Quarterly Tax Expense Using the Estimated Effective Tax Rate

First written in FY2020-Q1. 15 of 16 entries say "Restated". Latest entry: FY2027-H1.

16entries
8years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2020-Q1 – FY2027-H12019: 220192020: 320202021: 320212022: 120222023: 220232024: 220242025: 120252026: 22026
Same theme, other companies
Streamlining Tax Expense Calculations in Quarterly Financial ResultsA theme 99 companies write about · 0 as a headwind · 86 as a tailwind

80 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 99 companies compared. The sentences above are computed from all 99.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1RestatedAnnual report

    「The company calculates income tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the current interim consolidated accounting period, and multiplying pretax interim income by that estimated effective tax rate.」

    The company continues to calculate interim income tax expense using an estimated effective tax rate.
  2. 2026-07-03RestatedEarnings

    「We calculate tax expenses by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」

    The company continues to calculate quarterly tax expenses using the estimated effective tax rate.
  3. FY2026-H1RestatedAnnual report

    「The company calculates income tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the current interim consolidated accounting period, and multiplying pretax interim income by that estimated effective tax rate.」

    The company continues to calculate interim income tax expense using an estimated effective tax rate.
  4. FY2025-H1RestatedAnnual report

    「The company calculates income tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the current interim consolidated accounting period, and multiplying pretax interim income by that estimated effective tax rate.」

    The company continues to calculate interim income tax expense using an estimated effective tax rate.
  5. FY2024-Q3RestatedAnnual report

    「The company calculates income tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the current third-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  6. FY2024-Q2RestatedAnnual report

    「The company calculates income taxes by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year that includes the current second quarter consolidated accounting period and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  7. FY2023-Q3RestatedAnnual report

    「The company calculates income tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the current third-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  8. FY2022-Q3RestatedAnnual report

    「The company calculates income taxes by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year that includes the current third quarter consolidated accounting period and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  9. FY2022-Q2RestatedAnnual report

    「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  10. FY2022-Q1RestatedAnnual report

    「We calculate tax expenses by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  11. FY2021-Q3RestatedAnnual report

    「The company calculates income taxes by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year that includes the current third quarter consolidated accounting period and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  12. FY2021-Q2RestatedAnnual report

    「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  13. FY2021-Q1RestatedAnnual report

    「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year that includes the first quarter of the current fiscal year, and multiplying pretax quarterly income by that estimated effective tax rate.」

    The company continues to calculate quarterly income taxes using an estimated effective tax rate.
  14. FY2020-Q3RestatedAnnual report

    「Previously, the company calculated its income tax expense using the general method. From the first quarter of the consolidated accounting period, it has changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and calculates pretax quarterly income tax expense by multiplying pretax quarterly income by that estimated effective tax rate.」

    The company continues to calculate income tax expense using an estimated effective tax rate to improve the efficiency of quarterly financial reporting.
  15. FY2020-Q2RestatedAnnual report

    「Previously, the company calculated its income tax expense using the general method. To further improve the efficiency of quarterly financial reporting, from the first quarter of the consolidated accounting period it has changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and calculates pretax quarterly income tax expense by multiplying pretax quarterly income by that estimated effective tax rate.」

    The company continues to calculate income tax expense using an estimated effective tax rate to improve the efficiency of quarterly financial reporting.
  16. FY2020-Q1First statedAnnual report

    「Previously, the company calculated its income tax expense using the general method. To further improve the efficiency of quarterly financial reporting, from the current first quarter of the consolidated accounting period it has changed to a method that reasonably estimates the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and calculates quarterly pretax income tax expense by multiplying pretax quarterly income by that estimated effective tax rate.」

    To improve the efficiency of quarterly financial reporting, the company has changed to calculating income tax expense using an estimated effective tax rate from the first quarter.
Moved together

None of this company's other threads moved the same way in the same document twice or more.

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No upcoming earnings preview for Lihit Lab. yet. It last moved in the Earnings of 2026-07-03: "Restated".
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Change to Calculating Quarterly Tax Expense Using the Estimated Effective Tax Rate | LIHIT LAB.,INC. (7975) | Komori