Change to Calculating Quarterly Tax Expense Using the Estimated Effective Tax Rate
First written in FY2020-Q1. 8 of 9 entries say "Restated". Latest entry: FY2027-H1.
81 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The company calculates income tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year including the current interim consolidated accounting period, and multiplying pretax interim income by that estimated effective tax rate.」
The company continues to apply the accounting treatment of calculating interim tax expense using the estimated effective tax rate. - FY2023-Q1RestatedAnnual report
「We calculate tax expenses by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to calculate quarterly income taxes using an estimated effective tax rate. - FY2022-Q3RestatedAnnual report
「The company calculates income taxes by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year that includes the current third quarter consolidated accounting period and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The company continues to calculate quarterly income taxes using an estimated effective tax rate. - FY2022-Q2RestatedAnnual report
「The company calculates income taxes by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year that includes the current second quarter consolidated accounting period and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The company continues to calculate quarterly income taxes using an estimated effective tax rate. - FY2022-Q1RestatedAnnual report
「We calculate tax expenses by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to calculate quarterly income taxes using an estimated effective tax rate. - FY2021-Q2RestatedAnnual report
「The company calculates income taxes by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year that includes the current second quarter consolidated accounting period and multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The company continues to calculate quarterly income taxes using an estimated effective tax rate. - FY2021-Q1RestatedAnnual report
「We calculate tax expenses by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the first quarter of the current consolidated fiscal year, and multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The company continues to calculate quarterly income taxes using an estimated effective tax rate. - FY2020-Q2RestatedAnnual report
「Previously, the company and certain domestic consolidated subsidiaries calculated income taxes using the same method as for annual financial statements. As one measure to further improve the efficiency of quarterly closing procedures, from the first quarter consolidated accounting period the company has changed to a method that reasonably estimates the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year and calculates income taxes by multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
The company continues to apply the change to calculating income taxes using an estimated effective tax rate for the purpose of improving the efficiency of quarterly closing procedures. - FY2020-Q1First statedAnnual report
「Previously, the company and certain domestic consolidated subsidiaries calculated income taxes using the same method as for annual financial statements. As one measure to further improve the efficiency of quarterly closing procedures, from the current first quarter consolidated accounting period the company has changed to a method that reasonably estimates the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year and calculates income taxes by multiplying profit before income taxes for the quarter by that estimated effective tax rate.」
For the purpose of improving the efficiency of quarterly closing procedures, the company changed to a method of calculating income taxes using an estimated effective tax rate from the current first quarter. Because the impact was immaterial, the change was not applied retrospectively.