Recoverability of deferred tax assets
First written in FY2017. 5 of 11 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Recoverability is assessed based on future taxable income projected from business plans and other information for the next 3 years. The estimates of future taxable income incorporate a certain degree of uncertainty.」
The company continues to assess the recoverability of deferred tax assets based on its business plans and taxable income projections for the next 3 years. - FY2021RestatedAnnual report
「Deferred tax assets are recognized for deductible temporary differences, and their recoverability is assessed based on future taxable income projected from business plans and other information for the next 3 years.」
The company continues to assess the recoverability of deferred tax assets based on its business plans and taxable income projections for the next 3 years. - FY2021-Q3RestatedAnnual report
「Regarding the impact of COVID-19, our group assumes that economic activity will recover gradually from the second half of the fiscal year ending March 2021. Based on this assumption, we forecast future taxable income, assess the recoverability of deferred tax assets, and estimate the allowance for doubtful accounts. We have not made any material changes to this assumption since preparing the financial statements for the fiscal year ended March 2020. If the impact of COVID-19 on the economic environment changes in the future, the group's financial position and operating results from the following quarter onward may be affected by changes in deferred tax assets, the allowance for doubtful accounts and other items.」
The group continues to assess the recoverability of deferred tax assets and estimate the allowance for doubtful accounts based on the assumption of a gradual economic recovery from the second half of the fiscal year ending March 2021. - FY2021-Q2RestatedAnnual report
「Regarding the impact of COVID-19, our group assumes that economic activity will recover gradually from the second half of the fiscal year ending March 2021. Based on this assumption, we forecast future taxable income, assess the recoverability of deferred tax assets, and estimate the allowance for doubtful accounts. We have not made any material changes to this assumption since preparing the financial statements for the fiscal year ended March 2020.」
The group continues to assess the recoverability of deferred tax assets and estimate the allowance for doubtful accounts based on the assumption of a gradual economic recovery from the second half of the fiscal year ending March 2021. - FY2021-Q1RestatedAnnual report
「Regarding the impact of COVID-19, our group assumes that economic activity will recover gradually from the second half of the fiscal year ending March 2021. Based on this assumption, we forecast future taxable income, assess the recoverability of deferred tax assets, and estimate the allowance for doubtful accounts. We have not made any material changes to this assumption since preparing the financial statements for the fiscal year ended March 2020. If the impact of COVID-19 on the economic environment changes in the future, the group's financial position and operating results from the following quarter onward may be affected by changes in deferred tax assets, the allowance for doubtful accounts and other items.」
The group continues to estimate the recoverability of deferred tax assets and the allowance for doubtful accounts based on the assumption of a gradual economic recovery from the second half of the fiscal year ending March 2021. - FY2020WorsenedAnnual report
「In light of the worsening impact of COVID-19 both in Japan and overseas, we are assessing the recoverability of deferred tax assets. If the impact of COVID-19 worsens further, we may reduce the deferred tax assets.」
The company has newly specified the impact on the recoverability of deferred tax assets based on the assumption that the COVID-19 pandemic will be prolonged. - FY2019MitigatedAnnual report
「Net income attributable to owners of the parent was ¥28.8 billion, up ¥800 million year on year. Although one-time costs related to the migration to the new core system were recorded as an extraordinary loss, the recording of an adjustment to corporate income taxes and other taxes due to an increase in deferred tax assets, among other factors, contributed to the result.」
Deferred tax assets increased from ¥2,069.7 million at the end of the previous fiscal year to ¥3,535.8 million, and the gain from the adjustment to corporate income taxes and other taxes boosted net income. - FY2019-Q3MitigatedAnnual report
「Net income attributable to owners of the parent was ¥22.9 billion, up ¥4.9 billion year on year. Although one-time costs related to the migration to the new core system were recorded as an extraordinary loss, the recording of an adjustment to corporate income taxes and other taxes due to an increase in deferred tax assets, among other factors, contributed to the increase.」
The adjustment to corporate income taxes and other taxes resulting from the increase in deferred tax assets boosted profit, and net income attributable to owners of the parent was ¥22.9 billion, up ¥4.9 billion year on year. This reversed the previous fiscal year's decline in profit caused by a decrease in deferred tax assets. - FY2019-Q2MitigatedAnnual report
「Net income attributable to owners of the parent was ¥20.1 billion, up ¥6.3 billion year on year. Although ¥7.2 billion was recorded as an extraordinary loss for one-time costs related to the migration to the new core system, a ¥16.4 billion gain was recorded as an adjustment to corporate income taxes and other taxes due to an increase in deferred tax assets.」
Deferred tax assets increased, reversing the decline in the previous quarter that had weighed on profit, and the resulting ¥16.4 billion gain from the adjustment to corporate income taxes and other taxes was recorded. - FY2019-Q1MaterialisedAnnual report
「Net income attributable to owners of the parent was ¥3.4 billion, down ¥1.4 billion year on year, mainly due to a decrease in deferred tax assets.」
The decrease in deferred tax assets is explicitly cited as a factor behind the ¥1.4 billion year-on-year decline in net income attributable to owners of the parent, indicating that the impact of this risk has emerged in financial results. - FY2017First statedAnnual report
「Deferred tax assets are recognized based on forecasts of future taxable income, but actual results may differ from those forecasts. If the company determines in the future that it cannot recover part of its deferred tax assets, or reduces deferred tax assets due to tax rate changes or other unforeseen factors, business performance and the shareholders’ equity ratio may be affected.」
The company discloses the risk that differences from taxable income forecasts or changes in tax rates may result in deferred tax assets becoming unrecoverable or being reduced.