Change in the Method of Calculating Quarterly Tax Expense
First written in FY2019-Q1. 1 of 2 entries say "Restated". Latest entry: FY2019-Q3.
80 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「Previously, tax expense was calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, including the quarterly consolidated accounting period, and multiplying profit before income taxes for the quarterly period by that estimated effective tax rate. From the first quarter, the company changed to a simplified method of calculating tax expense similar to the method used for annual financial statements. This change was made to calculate and recognize tax expense more precisely in line with profit for each quarter.」
The company has reiterated the tax expense calculation method introduced from the first quarter and its purpose. It states that the impact on earnings for the first three quarters of the previous fiscal year was immaterial. - FY2019-Q1First statedAnnual report
「Previously, tax expense was calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, including the quarterly consolidated accounting period, and multiplying profit before income taxes for the quarterly period by that estimated effective tax rate. From the first quarter of the current fiscal year, the company changed to a simplified method of calculating tax expense similar to the method used for annual financial statements. This change was made to calculate and recognize tax expense more precisely in line with profit for each quarter.」
From the first quarter of the current fiscal year, the company changed to a method that calculates tax expense more precisely in line with profit for each quarter. The impact on the prior-year comparative period's earnings was immaterial, and no retrospective application was made.