Reversal of deferred tax assets and increase in corporate income taxes and other taxes due to US tax reform
First written in FY2018-Q3. 1 of 2 entries say "Advanced", first in FY2018. Latest entry: FY2018.
The whole theme swung hardest in 2018: 6 of 33 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2018AdvancedAnnual report
「As a result of this tax rate reduction, deferred tax assets for the current consolidated fiscal year, net of deferred tax liabilities, decreased by ¥3.029 billion, while income taxes adjustment increased by ¥3.211 billion.」
As the full-year impact of the tax rate reduction under U.S. tax reform, deferred tax assets decreased by ¥3.029 billion, while income taxes adjustment increased by ¥3.211 billion. - FY2018-Q3First statedAnnual report
「The U.S. tax reform law was enacted on 22 December 2017, providing for reductions in the U.S. corporate tax rate and other measures from 1 January 2018. Accordingly, based on the information currently available, we recalculated the amounts of deferred tax assets and deferred tax liabilities. As a result, partial reversals occurred for both, increasing income taxes recorded for the cumulative third quarter of the current consolidated fiscal year by ¥2.980 billion.」
The recalculation of deferred tax assets and liabilities following enactment of the U.S. tax reform law increased income taxes for the cumulative third quarter by ¥2.980 billion.