Risk relating to the recoverability of deferred tax assets
First written in FY2017-Q3. 4 of 5 entries say "Restated". Latest entry: FY2019-Q2.
The whole theme swung hardest in 2020: 20 of 61 companies on the "Worse" side.
- FY2019-Q2RestatedAnnual report
「The Group's principal business, the financial instruments business, is subject to significant fluctuations in performance, making it difficult to forecast taxable income over the long term. However, because a certain period within the term of the management plan has been designated as the period for estimating future taxable income, changes in estimates of taxable income from the next fiscal year onward may cause the valuation allowance and the adjustment to deferred tax assets to fluctuate.」
The disclosure continues to describe the possibility that the valuation allowance and adjustments to deferred tax assets may change depending on estimated future taxable income. - FY2019-Q1RestatedAnnual report
「The Group's principal business, the financial instruments business, is subject to significant fluctuations in performance, making it difficult to forecast taxable income over the long term. However, because a certain period within the term of the management plan has been designated as the period for estimating future taxable income, changes in estimates of taxable income from the next fiscal year onward may cause the valuation allowance and the adjustment to deferred tax assets to fluctuate.」
The disclosure continues to describe the possibility that the valuation allowance and adjustments to deferred tax assets may change depending on estimated future taxable income. - FY2018-Q3RestatedAnnual report
「The Group's principal business, the financial instruments business, is subject to significant fluctuations in performance, making it difficult to forecast taxable income over the long term. However, because a certain period within the term of the management plan has been designated as the period for estimating future taxable income, changes in estimates of taxable income from the next fiscal year onward may cause the valuation allowance and the adjustment to deferred tax assets to fluctuate.」
The disclosure continues to describe the possibility that the valuation allowance and other items related to deferred tax assets may change, given that significant fluctuations in performance make future taxable income difficult to forecast. - FY2018-Q2RestatedAnnual report
「The Group's principal business, the financial instruments business, is subject to significant fluctuations in performance, making it difficult to forecast taxable income over the long term. However, because a certain period within the term of the management plan has been designated as the period for estimating future taxable income, changes in estimates of taxable income from the next fiscal year onward may cause the valuation allowance and the adjustment to deferred tax assets to fluctuate.」
The disclosure continues to describe the possibility that the valuation allowance for the recoverability of deferred tax assets may change, given that significant fluctuations in performance make future taxable income difficult to forecast. - FY2017-Q3First statedAnnual report
「The Group's principal business, the financial instruments business, is subject to significant fluctuations in performance, making it difficult to forecast taxable income over the long term. However, because a certain period within the term of the management plan has been designated as the period for estimating future taxable income, changes in estimates of taxable income from the next fiscal year onward may cause the valuation allowance and the adjustment to deferred tax assets to fluctuate.」
The disclosure describes the risk that, because significant fluctuations in performance make future taxable income difficult to forecast, the valuation allowance and adjustments to deferred tax assets may change depending on estimated taxable income.