Risk to Deferred Tax Asset Recoverability Based on Estimates of Future Taxable Income
First written in FY2016. 15 of 21 entries say "Restated". Latest entry: FY2026.
The Yamagata Bank moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 9 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Decrease in Valuation Allowance and BalanceAnnual report
「During the current consolidated fiscal year, the valuation allowance decreased by ¥2,406 million. This was mainly due to decreases of ¥2,236 million in the valuation allowance related to valuation differences on other securities and ¥155 million in the valuation allowance related to the allowance for loan losses, among other factors.」
Although the valuation allowance decreased, net deferred tax assets fell from ¥7,335 million at the end of the previous fiscal year to ¥4,922 million. - FY2026-H1WorsenedAnnual report
「Deferred tax assets 7,335 4,301」
Deferred tax assets decreased from ¥7,335 million at the end of the previous fiscal year to ¥4,301 million at the end of the interim period. - FY2025-H1WorsenedAnnual report
「Deferred tax assets 4,875 3,686」
Deferred tax assets decreased from ¥4,875 million at the end of the previous fiscal year to ¥3,686 million at the end of the interim period. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, the valuation allowance increased by ¥1,014 million. This was mainly due to increases of ¥699 million in the valuation allowance related to valuation differences on other securities and ¥175 million in the valuation allowance related to the allowance for loan losses, among other factors.」
The valuation allowance against deferred tax assets increased by ¥1,014 million, and deferred tax assets decreased from ¥10,613 million to ¥4,875 million. - FY2023-Q3RestatedAnnual report
「During the current third-quarter cumulative consolidated accounting period, there were no material changes in the accounting estimates of the Group or the key assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. It is assumed that COVID-19 will take a considerable period to subside and will have a certain impact on economic activity in the regions where the Group operates.」
The accounting assumption that COVID-19 will take a considerable period to subside and will have a certain impact on economic activity in the regions where the Group operates continues to be applied. - FY2023-Q1RestatedAnnual report
「During the current first-quarter cumulative consolidated accounting period, there were no material changes in the Group’s accounting estimates or the assumptions used in those estimates.」
It states that there have been no material changes in accounting estimates or the assumptions underlying them, and indicates no material changes in the assumptions regarding the recovery of deferred tax assets. - FY2022-Q3RestatedAnnual report
「During the current third-quarter cumulative consolidated accounting period, there were no material changes in the accounting estimates of the Group or the key assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. It is assumed that COVID-19 will take a considerable period to subside and will have a certain impact on economic activity in the regions where the Group operates.」
The accounting assumption that COVID-19 will take a considerable period to subside and will have a certain impact on regional economic activity continues to be applied. - FY2022-Q2RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the accounting estimates of the Group or the key assumptions used in those estimates, as described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. It is assumed that COVID-19 will take a considerable period to subside and will have a certain impact on economic activity in the regions where the Group operates.」
The accounting assumption that COVID-19 will take a considerable period to subside and will have a certain impact on regional economic activity continues to be applied. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It states that there have been no material changes or new developments since the previous fiscal year regarding the risk of recovering deferred tax assets. - FY2021-Q3RestatedAnnual report
「There were no significant changes in the accounting estimates of the bank group or in the assumptions used for those estimates during the nine-month period of the fiscal year under review.」
It states that there have been no material changes in accounting estimates or the assumptions underlying them, and indicates no material changes in the assumptions regarding the recoverability of deferred tax assets. - FY2020WorsenedAnnual report
「Deferred tax assets are calculated on the assumption that, although taxable income may temporarily fall below expectations due to the impact of COVID-19, taxable income will be generated steadily from the next consolidated fiscal year onward. This assumption is uncertain, and changes in the spread of the infection, social conditions or economic conditions may affect performance from the next consolidated fiscal year onward.」
It newly specifies the possibility of lower taxable income due to COVID-19 and the uncertainty of assumptions regarding future taxable income. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It states that there have been no material changes or new developments since the previous fiscal year regarding the risk of recovering deferred tax assets. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It states that there have been no material changes or new developments since the previous fiscal year regarding the risk of recovering deferred tax assets. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It states that there have been no material changes or new developments since the previous fiscal year regarding the risk of recovering deferred tax assets. - FY2018RestatedAnnual report
「If the bank determines, based on forecasts and assumptions regarding future taxable income, that some or all of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which could adversely affect the bank’s results and financial condition.」
The risk of recovering deferred tax assets based on forecasts and assumptions regarding future taxable income continues to be identified. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no newly arising matters that could materially affect investors’ decisions among the matters concerning the business and financial conditions described in this quarterly report, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes or new developments regarding the risk of recovering deferred tax assets. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes or new developments regarding the risk of recovering deferred tax assets. - FY2017RestatedAnnual report
「If the bank determines, based on forecasts and assumptions regarding future taxable income, that some or all of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which could adversely affect the bank’s results and financial condition.」
The risk of recovering deferred tax assets based on forecasts and assumptions regarding future taxable income continues to be disclosed. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no newly arising matters that could materially affect investors’ decisions among the matters concerning the business and financial conditions described in this quarterly report, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes or new developments regarding the risk of recovering deferred tax assets. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes or new developments regarding the risk of recovering deferred tax assets. - FY2016First statedAnnual report
「If the bank determines, based on forecasts and assumptions regarding future taxable income, that some or all of its deferred tax assets cannot be recovered, the deferred tax assets will be reduced, which could adversely affect the bank’s results and financial condition.」
Changes in forecasts and assumptions regarding future taxable income are identified as factors that could reduce deferred tax assets.