Recoverability of Deferred Tax Assets
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group records deferred tax assets by reasonably estimating future taxable income and other amounts in respect of deductible temporary differences and tax loss carryforwards. If actual taxable income and other amounts differ from estimates and it is determined that all or part of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced.」
The Company continues to address the recoverability risk associated with deferred tax assets and to apply its policy of recognizing them within a reasonable range. - FY2022RestatedAnnual report
「Of the ¥451 million in deferred tax assets recorded at the end of the consolidated fiscal year, the Company recorded ¥333 million in deferred tax assets related to deductible temporary differences, including tax loss carryforwards,」
The Company recorded ¥451 million in deferred tax assets and estimated their recoverability based on the assumption that the effects of COVID-19 would continue for a certain period of the fiscal year ending February 2023. - FY2022-Q3RestatedAnnual report
「In light of these circumstances, the company has again assumed that the impact will continue for a certain period during the fiscal year ending February 2023 and is estimating future cash flows and the recoverability of deferred tax assets.」
The recoverability of deferred tax assets was estimated based on the assumption that the effects of COVID-19 would continue for a certain period of the fiscal year ending February 2023. - FY2021First statedAnnual report
「If actual taxable income and other amounts differ from estimates and it is determined that all or part of the deferred tax assets cannot be recovered, the deferred tax assets will be reduced. This could affect the financial position and operating results of the Group.」
The Company has, for the first time, separately identified as a key risk the possibility of reducing deferred tax assets due to differences from estimates of taxable income and other amounts, and the resulting impact on its financial position and operating results.