Partial Reversal of Deferred Tax Assets Following Revisions to Future Plans
First written in FY2021-Q2. . Latest entry: FY2021-Q3.
The whole theme swung hardest in 2019: 3 of 13 companies on the "Worse" side.
22 other companies' latest entry also says "Other".
- FY2021-Q3Increase in the amount of deferred tax assets reversedAnnual report
「We reviewed orders scheduled under our future plans. As a result, the future plans were revised, and after carefully reviewing the recoverability of deferred tax assets, we recorded ¥61.439 million in income taxes and other adjustments during the cumulative third quarter of the current consolidated fiscal year due to the partial reversal of deferred tax assets.」
Following revisions to future plans, the cumulative amount recorded as income taxes and other adjustments reached ¥61.439 million due to the partial reversal of deferred tax assets. The company states that the impact of COVID-19 on future plans is limited. - FY2021-Q2First statedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, we reviewed orders scheduled for the second half and beyond under our future plans. As a result, the future plans were revised. After carefully reviewing the recoverability of deferred tax assets, we recorded ¥43.529 million in income taxes and other adjustments due to the partial reversal of deferred tax assets. The impact of COVID-19 on our future plans is limited.」
Following a review of orders for the second half and beyond, future plans were revised and the recoverability of deferred tax assets was reassessed. As a result, ¥43.529 million in income taxes and other adjustments was recorded. The company states that the impact of COVID-19 on future plans is limited.