Higher Tax Expense Resulting from the Reversal of Deferred Tax Assets
First written in FY2017-Q2. 5 of 8 entries say "Mitigated", first in FY2017. Latest entry: FY2023.
The whole theme swung hardest in 2019: 3 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Deferred tax assets (before offsetting against deferred tax liabilities) － 895」
No deferred tax assets were recognized in the previous fiscal year, but ¥895 million was recognized in the current fiscal year. Income taxes and other adjustments were also negative ¥883 million, indicating a situation different from the increase in tax expense caused by past reversals. - FY2018MitigatedAnnual report
「Income taxes and other adjustments △ ¥76 million」
The substantial tax expense recognized in the previous fiscal year due to the reversal of deferred tax assets did not continue, and income taxes and other adjustments were negative in the current fiscal year. - FY2019-Q2MitigatedAnnual report
「Income taxes and other adjustments △ 75」
Income taxes and other adjustments for the cumulative second quarter of the current fiscal year were negative ¥75 million, and the substantial increase in tax expense associated with the reversal of deferred tax assets in the previous fiscal year has not continued. - FY2019-Q1MitigatedAnnual report
「Income taxes and other adjustments △ 1,114」
Income taxes and other adjustments were negative ¥1,114 million in the current quarter, reflecting a tax effect different from the increase in tax expense associated with the reversal of deferred tax assets reported in the previous fiscal year. The figure is shown, but the Company does not explain its cause in the main text. - FY2017MitigatedAnnual report
「Net loss attributable to owners of the parent was ¥1,025 million, as ¥48 million in income tax expense was recognized against the loss before income taxes and other adjustments attributable to owners of the parent, comprising ¥47 million in current income taxes and ¥0 million in income taxes and other adjustments.」
Income taxes and other adjustments associated with the reversal of deferred tax assets and other items, which amounted to ¥3,070 million in the previous fiscal year, were ¥0 million in the current fiscal year. - FY2016RestatedAnnual report
「In addition, due in part to the recognition of ¥3,070 million in income taxes and other adjustments associated with the reversal of deferred tax assets and other items, the net loss attributable to owners of the parent was ¥11,366 million.」
The ¥3,070 million in income taxes and other adjustments associated with the reversal of deferred tax assets and other items continues to be cited as a factor behind the full-year net loss. - FY2017-Q3RestatedAnnual report
「In addition, due in part to the recognition in the second quarter of ¥3,070 million in income taxes and other adjustments associated with the reversal of deferred tax assets, the quarterly net loss attributable to owners of the parent was ¥8,175 million.」
The ¥3,070 million in income taxes and other adjustments associated with the reversal of deferred tax assets continues to be cited as an item arising in the second quarter and a factor behind the cumulative loss. - FY2017-Q2First statedAnnual report
「As a result of recognizing ¥3.070 billion in income taxes—deferred arising from the reversal of deferred tax assets and other factors, net loss attributable to owners of the parent was ¥5.488 billion.」
The Company explains that income taxes—deferred arising from the reversal of deferred tax assets contributed to the net loss attributable to owners of the parent.