Recoverability Risk for Deferred Tax Assets
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2023.
Kamei moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Management believes that its assessment of the recoverability of deferred tax assets is reasonable, but deferred tax assets may change due to changes in expected future taxable income and other factors.」
The potential for changes in deferred tax assets due to changes in expected future taxable income continues to be disclosed. - FY2021WorsenedAnnual report
「Although our group is currently unable to accurately predict the future spread of COVID-19 or when it will subside, based on available external information and other factors, we have assumed that the spread will continue at least until around March 2022 and have made accounting estimates accordingly.」
The assumption that the effects of COVID-19 would continue until around March 2022 was reflected in assessing the recoverability of deferred tax assets and other matters. - FY2021-Q3RestatedAnnual report
「As a result, the company assumed that the decline in demand for eating out and deterioration in consumer sentiment caused by the effects of COVID-19 would continue until around March 2021, and reflected accounting estimates based on certain assumptions in its accounting treatment, including in assessing the recoverability of deferred tax assets and determining impairment losses on fixed assets. These accounting estimates and assumptions were not changed during the third quarter of the current consolidated fiscal year.」
The assumption that the effects of COVID-19 would continue until around March 2021 was used in assessing the recoverability of deferred tax assets, and the assumption was not changed during the current quarter. - FY2021-Q2WorsenedAnnual report
「Assuming that the decline in demand for eating out and the deterioration in consumer sentiment caused by the COVID-19 pandemic would continue until around March 2021, the company reflected accounting estimates based on certain assumptions in its accounting treatment, including in assessing the recoverability of deferred tax assets and determining impairment losses on fixed assets.」
The assumption that the effects of COVID-19 would continue until around March 2021 was reflected in the assessment of the recoverability of deferred tax assets. - FY2019RestatedAnnual report
「Management believes that its assessment of the recoverability of deferred tax assets is reasonable, but deferred tax assets may change due to changes in expected future taxable income and other factors.」
The potential for changes in deferred tax assets due to changes in expected future taxable income continues to be disclosed. - FY2018MaterialisedAnnual report
「As a result of this tax rate change, deferred tax assets, net of deferred tax liabilities, decreased by ¥400 million, while deferred income taxes increased by ¥397 million.」
The change in US tax rates reduced deferred tax assets by ¥400 million, resulting in an actual change in deferred tax assets. - FY2017First statedAnnual report
「Management believes that its assessment of the recoverability of deferred tax assets is reasonable, but deferred tax assets may change due to changes in expected future taxable income and other factors.」
The potential for changes in deferred tax assets due to changes in expected future taxable income is disclosed as a key accounting estimate.