Change in the method of calculating tax expense in quarterly financial results
First written in FY2022-Q1. 5 of 7 entries say "Restated". Latest entry: FY2027-H1.
105 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Income taxes are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year that includes the interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The method of calculating income taxes for the interim period using the estimated effective tax rate, introduced from FY2024-Q1, continues to be applied. - FY2024-Q3RestatedAnnual report
「Income tax expense was previously calculated using the same method as for the annual financial statements. From the first quarter of the consolidated fiscal year, however, we have changed to a method that reasonably estimates the effective tax rate, after applying tax-effect accounting, to profit before income taxes for the consolidated fiscal year, and calculates income tax expense by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating quarterly income tax expense using the estimated effective tax rate, changed from FY2024-Q1, continues to be applied in the third quarter. - FY2024-Q2RestatedAnnual report
「Income tax expense was previously calculated using the same method as for the annual financial statements. However, to further improve the efficiency of the quarterly financial reporting process of the Company and its consolidated subsidiaries, from the first quarter of the consolidated fiscal year we have changed to a method that reasonably estimates the effective tax rate, after applying tax-effect accounting, to profit before income taxes for the consolidated fiscal year, and calculates income tax expense by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
The method of calculating quarterly income tax expense using the estimated effective tax rate, changed from FY2024-Q1, continues to be applied. - FY2024-Q1ReframedAnnual report
「Income tax expense was previously calculated using the same method as for the annual financial statements. However, to further improve the efficiency of the quarterly financial reporting process of the Company and its consolidated subsidiaries, from the first quarter of the current consolidated fiscal year we have changed to a method that reasonably estimates the effective tax rate, after applying tax-effect accounting, to profit before income taxes for the consolidated fiscal year, and calculates income tax expense by multiplying quarterly profit before income taxes by that estimated effective tax rate.」
For income tax expense in the quarterly financial statements, the method was changed from the former method, which was the same as that used for the annual financial statements, to a method using the estimated effective tax rate for the consolidated fiscal year. The stated purpose was to improve the efficiency of the quarterly financial reporting process. - FY2022-Q3RestatedAnnual report
「To more accurately calculate income tax expense in the quarterly financial statements of the Company and its consolidated subsidiaries, we have changed the calculation method to the standard method from the first quarter of the current consolidated fiscal year.」
To more accurately calculate income tax expense for the quarterly financial statements, the policy of changing to the standard calculation method from the first quarter of the consolidated fiscal year remains in effect. - FY2022-Q2RestatedAnnual report
「To more accurately calculate income tax expense in the quarterly financial statements of the Company and its consolidated subsidiaries, we have changed the calculation method to the standard method from the first quarter of the current consolidated fiscal year.」
To more accurately calculate income tax expense for the quarterly financial statements, the policy of changing to the standard calculation method from the first quarter of the consolidated fiscal year remains in effect. - FY2022-Q1First statedAnnual report
「For the purpose of calculating tax expense for the Company and its consolidated subsidiaries more accurately in quarterly financial results, we decided to change to the principal method of calculating tax expense from the first quarter of the current consolidated accounting period.」
For the purpose of calculating tax expense in quarterly financial results more accurately, the calculation method was changed to the principal method from the first quarter of the current consolidated accounting period. The impact is said to be immaterial.