Recoverability of deferred tax assets dependent on future taxable income
First written in FY2021. 7 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The timing and amount of taxable income may be affected by fluctuations in uncertain future economic conditions. If the actual timing and amount differ from the estimates, the amount of deferred tax assets determined to be recoverable may change, potentially having a material impact on the consolidated financial statements for the following consolidated fiscal year.」
Regarding the recoverability of deferred tax assets, the impact of uncertainty in estimates of future taxable income based on the medium-term management plan and in economic conditions remains. - FY2024ReframedAnnual report
「The timing and amount of taxable income may be affected by fluctuations in uncertain future economic conditions. If the actual timing and amount differ from the estimates, the amount of deferred tax assets determined to be recoverable may change, potentially having a material impact on the consolidated financial statements for the following consolidated fiscal year.」
The risk related to the recoverability of deferred tax assets was reorganised from an assumption regarding the containment of COVID-19 to a focus on uncertainty in future economic conditions and estimates of taxable income. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there were no material changes in the risk related to the recoverability of deferred tax assets based on future taxable income. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there were no material changes in the previously disclosed risk related to the recoverability of deferred tax assets based on future taxable income. - FY2023RestatedAnnual report
「The timing and amount of taxable income may be affected by the future status of COVID-19, as well as fluctuations in other uncertain future economic conditions. If the actual timing and amount differ from the estimates, the amount of deferred tax assets determined to be recoverable may change, potentially having a material impact on the consolidated financial statements for the following consolidated fiscal year.」
Regarding the recoverability of deferred tax assets, the risk related to estimates of future taxable income affected by the infection and economic conditions remains. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no material changes in the assumptions regarding the timing of the containment of the infection and other factors related to the recoverability of deferred tax assets based on future taxable income. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no material changes from the previous fiscal year in the assumptions regarding the timing of the containment of the infection and other factors related to the recoverability of deferred tax assets. - FY2022WorsenedAnnual report
「The timing and amount of taxable income may be affected by the future status of COVID-19, as well as fluctuations in other uncertain future economic conditions. If the actual timing and amount differ from the estimates, the amount of deferred tax assets determined to be recoverable may change, potentially having a material impact on the consolidated financial statements for the following consolidated fiscal year.」
Regarding the recoverability of deferred tax assets, the Company continues to indicate uncertainty in future taxable income under the assumption that the containment and normalisation of the effects of the infection will be delayed. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no material changes in the assumptions regarding the timing of the containment of COVID-19 and other factors that also affect estimates of future taxable income. - FY2021First statedAnnual report
「Deferred tax assets amounted to ¥9,200 million. The timing and amount of taxable income may be affected by the future status of COVID-19, as well as fluctuations in other uncertain future economic conditions. If the actual timing and amount differ from the estimates, the amount of deferred tax assets determined to be recoverable may change, potentially having a material impact on the consolidated financial statements for the following consolidated fiscal year.」
The Company describes the risk that the timing and amount of future taxable income based on the medium-term management plan may be affected by COVID-19 and economic conditions, causing the recoverable amount of ¥9,200 million in deferred tax assets to fluctuate.