Deferred tax asset recoverability risk
First written in FY2016. 19 of 22 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 20 of 62 companies on the "Worse" side.
- FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2023RestatedAnnual report
「With respect to the economic impact of the spread of COVID-19, the bank assumes that it will continue for several years as of the end of the current consolidated fiscal year, taking into account the expected recovery in business conditions and the possibility of a renewed spread of infections. This assumption has not changed from the end of the previous consolidated fiscal year.」
The accounting assumption that the pandemic's economic impact will continue for several more years remains in place and has not changed from the end of the previous fiscal year. - FY2022RestatedAnnual report
「In light of infection trends in Japan and overseas and other factors, the bank assumes that the economic impact of the spread of COVID-19 will continue for several more years as of the end of the current consolidated fiscal year. For some of the debtors to which the cash flow estimation method is applied, the bank estimates cash flows that take the impact of the spread of COVID-19 into account and recognizes an allowance for loan losses. The assumption has not changed from the end of the previous consolidated fiscal year.」
The assumption that the pandemic's economic impact will continue for several more years continues to be used in accounting estimates for deferred tax assets and other items. - FY2022-Q2RestatedAnnual report
「As in the previous consolidated fiscal year, the bank assumes that the economic impact of the spread of COVID-19 will continue for several more years. For some of the debtors to which the cash flow estimation method is applied, the bank estimates cash flows that take the impact of the spread of COVID-19 into account and recognizes an allowance for loan losses.」
The assumption that the pandemic's economic impact will continue for several more years remains in use for estimating deferred tax assets and other items. - FY2021WorsenedAnnual report
「The bank had assumed at the end of the previous consolidated fiscal year that the economic impact of the spread of COVID-19 would continue for approximately the next year. However, in light of infection trends in Japan and overseas and other factors, this assumption was revised at the end of the current consolidated fiscal year to one that the impact would continue for several more years.」
The assumed period of the pandemic's economic impact used in estimating deferred tax assets, the allowance for loan losses and other items was revised from approximately one year to several more years. - FY2021-Q3RestatedAnnual report
「The bank assumes that the economic impact of the spread of COVID-19 will continue throughout the current consolidated fiscal year and, based on this assumption, makes judgments regarding estimates of future cash flows in impairment assessments for certain debtors for which the DCF method is used to calculate the allowance for loan losses, estimates of future cash flows in impairment assessments for fixed assets, and estimates of future taxable income in assessing the recoverability of deferred tax assets.」
The bank continues to estimate the recoverability of deferred tax assets based on the assumption that COVID-19 will have an impact. - FY2021-Q2RestatedAnnual report
「The bank assumes that the economic impact of the spread of COVID-19 will continue throughout the current consolidated fiscal year and, based on this assumption, makes judgments regarding estimates of future cash flows in impairment assessments for certain debtors for which the DCF method is used to calculate the allowance for loan losses, estimates of future cash flows in impairment assessments for fixed assets, and estimates of future taxable income in assessing the recoverability of deferred tax assets.」
The bank continues to estimate the recoverability of deferred tax assets based on the assumption that COVID-19 will have an impact. It states that there have been no material changes from the assumptions used at the end of the previous consolidated fiscal year. - FY2021-Q1RestatedAnnual report
「The bank assumes that the economic impact of the spread of COVID-19 will continue for approximately the next year and, based on this assumption, makes judgments regarding estimates of future cash flows in impairment assessments for certain debtors for which the DCF method is used to calculate the allowance for loan losses, estimates of future cash flows in impairment assessments for fixed assets, and estimates of future taxable income in assessing the recoverability of deferred tax assets.」
The bank continues to estimate the recoverability of deferred tax assets based on the assumption that COVID-19 will have an impact. There have been no material changes from the assumptions used in the previous fiscal year. - FY2020WorsenedAnnual report
「If it takes longer than expected for the spread of COVID-19 to subside, or if the business plan is revised due to a future deterioration in market conditions or other factors, deferred tax assets may be written down.」
The prolonged COVID-19 pandemic and deteriorating market conditions were explicitly identified as additional factors affecting the recoverability of deferred tax assets. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2017RestatedAnnual report
「If it is determined that some or all of the deferred tax assets cannot be recovered, their write-down could adversely affect the bank's performance.」
The recoverability risk of deferred tax assets based on forecasts and assumptions regarding future taxable income and other factors continues to be disclosed. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal period under review, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the Annual Securities Report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2017-Q2RestatedAnnual report
「There have been no material changes to the matters concerning business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the recoverability risk of deferred tax assets. - FY2016First statedAnnual report
「If it is determined that some or all of the deferred tax assets cannot be recovered, their write-down could adversely affect the bank's performance.」
This is described as a risk dependent on forecasts and assumptions regarding future taxable income and other factors.