Streamlining quarterly financial closing operations by changing the method used to calculate tax expense
First written in FY2021-Q1. 11 of 12 entries say "Restated". Latest entry: FY2027-H1.
79 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current interim period, and multiplying pretax interim income by the estimated effective tax rate.」
The company has continued to calculate interim-period income taxes using the estimated effective tax rate. - FY2026-H1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current interim period, and multiplying pretax interim income by the estimated effective tax rate.」
The company has continued to calculate interim-period income taxes using the estimated effective tax rate. - FY2025-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2024-Q3RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current third quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2024-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2023-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2022-Q3RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current third quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2022-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2022-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company has continued to calculate quarterly income taxes using the estimated effective tax rate. - FY2021-Q3RestatedAnnual report
「Previously, tax expenses for the Company and its consolidated subsidiaries were calculated using the standard method. From the first quarter of the consolidated fiscal year, following organizational changes to strengthen management functions and improve operational efficiency, we changed the method to further streamline quarterly closing procedures for the Company and its consolidated subsidiaries. Under the new method, we reasonably estimate the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year, and calculate tax expenses by multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to use accounting treatment that improves the efficiency of quarterly closing procedures by changing the method of calculating tax expenses. - FY2021-Q2RestatedAnnual report
「Previously, tax expenses for the Company and its consolidated subsidiaries were calculated using the standard method. From the first quarter of the current consolidated fiscal year, following organizational changes to strengthen management functions and improve operational efficiency, we changed the method to further streamline quarterly closing procedures for the Company and its consolidated subsidiaries. Under the new method, we reasonably estimate the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year, and calculate tax expenses by multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to use accounting treatment that improves the efficiency of quarterly closing procedures by changing the method of calculating tax expenses. - FY2021-Q1First statedAnnual report
「Previously, tax expenses for the Company and its consolidated subsidiaries were calculated using the standard method. From the first quarter of the current consolidated fiscal year, following organizational changes to strengthen management functions and improve operational efficiency, we changed the method to further streamline quarterly closing procedures for the Company and its consolidated subsidiaries. Under the new method, we reasonably estimate the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year, and calculate tax expenses by multiplying pretax quarterly income by that estimated effective tax rate.」
The company changed its method of calculating tax expenses from the first quarter of the current consolidated fiscal year to strengthen management functions and improve operational efficiency.