Change in income tax expense calculation method to accelerate quarterly financial reporting
First written in FY2022-Q1. 5 of 6 entries say "Restated". Latest entry: FY2025-H1.
79 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Income tax expense is 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 interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The calculation of income taxes using an estimated effective tax rate, introduced to accelerate and streamline the quarterly and interim closing processes, has continued. - FY2024-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 calculation of income taxes using an estimated effective tax rate, introduced to accelerate and streamline the quarterly closing process, has continued. - FY2024-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 current first quarter and multiplying pretax quarterly income by that estimated effective tax rate.」
The calculation of income taxes using an estimated effective tax rate, introduced to accelerate and streamline the quarterly closing process, has continued. - FY2023-Q3RestatedAnnual report
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
The calculation of income taxes using an estimated effective tax rate, introduced to accelerate and streamline the quarterly closing process, has continued. - FY2023-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 calculation of income taxes using an estimated effective tax rate, introduced to accelerate and streamline the quarterly closing process, has continued in the second quarter. - FY2022-Q1First statedAnnual report
「Previously, income taxes were calculated using the general method. However, to accelerate and streamline the quarterly closing process, beginning with the first quarter of the current fiscal year, we have changed the method used to calculate income taxes for the Company and its domestic consolidated subsidiaries to the method described under “Specific Accounting Treatment Applied in Preparing the Quarterly Consolidated Financial Statements.”」
Beginning with the first quarter of the current fiscal year, the Company changed the calculation of income taxes for itself and its domestic consolidated subsidiaries from the general method to the quarterly-specific method using an estimated effective tax rate. The impact was described as immaterial.