Reversal of Deferred Tax Assets Associated with Utilization of Tax Loss Carryforwards
First written in FY2024-Q3. . Latest entry: FY2025.
The whole theme swung hardest in 2026: 28 of 56 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2025Progress in utilizing tax loss carryforwards; decrease in deferred tax assetsAnnual report
「Total income taxes amounted to ¥2,096 million, an increase of ¥1,070 million year on year, or 104.3%, because income taxes, inhabitants' taxes and enterprise taxes increased to ¥1,977 million, up ¥1,219 million year on year, or 160.7%, due to an increase in income before income taxes, and income taxes adjustment of ¥118 million was recognized, down ¥148 million year on year, or 55.6%, as a result of reversing deferred tax assets to reflect the utilization of tax loss carryforwards.」
As utilization of tax loss carryforwards progressed, deferred tax assets decreased from ¥275 million to ¥156 million. Although income taxes adjustment decreased from the previous year, total income taxes increased to ¥2,096 million. - FY2025-H1Continued reversal of deferred tax assets and increase in income taxesAnnual report
「Total income taxes amounted to ¥1,400 million, an increase of ¥1,076 million year on year, or 332.6%, because income taxes, inhabitants' taxes and enterprise taxes increased to ¥1,222 million, up ¥917 million year on year, or 301.1%, due to an increase in income before income taxes for the interim period, and income taxes adjustment increased to ¥178 million, up ¥159 million year on year, or 838.9%, as a result of reversing deferred tax assets to reflect the utilization of tax loss carryforwards.」
Reversal of deferred tax assets due to utilization of tax loss carryforwards continued. Income taxes adjustment amounted to ¥178 million, and total income taxes amounted to ¥1,400 million. - FY2024-Q3First statedAnnual report
「Total income taxes amounted to ¥846 million, an increase of ¥391 million year on year, or 85.9%, because income taxes adjustment increased as a result of reversing deferred tax assets to reflect the utilization of tax loss carryforwards following an increase in income before income taxes.」
Reflecting the utilization of tax loss carryforwards following an increase in income before income taxes, deferred tax assets were reversed. As a result, total income taxes amounted to ¥846 million, up 85.9% year on year.