Orix (8591) · FactRestated
Reversal of deferred tax liabilities in connection with making Daikyo a wholly owned subsidiary
First written in FY2019-Q3. 1 of 2 entries say "Restated". Latest entry: FY2019.
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Reversal of Deferred Tax Liabilities Following Conversion to a Wholly Owned Subsidiary and a Change in the Method of Recovering Undistributed EarningsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2019RestatedAnnual report
「As a result of the release of these deferred tax liabilities, income taxes decreased by ¥27,376 million for the current consolidated fiscal year.」
For the full year, the company also confirmed the full release of deferred tax liabilities and the ¥27,376 million reduction in income taxes following the full acquisition of 大京 as a wholly owned subsidiary and a change in the method of recovering undistributed profits. - FY2019-Q3First statedAnnual report
「As a result of the release of these deferred tax liabilities, income taxes decreased by ¥27,376 million for the nine-month period and the third quarter of the current consolidated fiscal year.」
Following the completion of the tender offer for 大京 and a change in the method of recovering undistributed profits, the company fully released the deferred tax liabilities previously recorded, reducing income taxes by ¥27,376 million.