Recoverability of deferred tax assets
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2026.
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- FY2026ReframedAnnual report
「We assume that cargo volumes handled in the following fiscal year will remain at roughly the same level as in the current fiscal year. For crude oil prices, the de facto closure of the Strait of Hormuz resulting from heightened tensions in the Middle East surrounding Iran is continuing, making the possibility of a prolonged crude oil supply shortage a reality, and we assume that prices will remain elevated for the foreseeable future.」
The assumptions used to assess the recoverability of deferred tax assets have changed from the previous assumptions concerning the impact of infectious diseases and elevated crude oil prices to assumptions involving the situation in the Middle East, the de facto closure of the Strait of Hormuz, and a prolonged crude oil supply shortage. - FY2024ReframedAnnual report
「In forecasting future operating performance, we expect the effects of higher crude oil prices to continue throughout the fiscal year ending March 2025. Based on this forecast, we assume that cargo volumes handled in the following fiscal year will remain at roughly the same low level as in the current fiscal year, and, taking into account the current uncertainty in the international situation, we also assume that crude oil prices will remain elevated for the foreseeable future.」
The assumptions used to assess the recoverability of deferred tax assets have changed from the impact of infectious diseases to the continuation of elevated crude oil prices and low cargo volumes throughout the fiscal year ending March 2025. - FY2022RestatedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If the estimated amount declines, deferred tax assets may be reduced and tax expenses may be recognized.」
The disclosure continues to identify the risk of reducing deferred tax assets and recognizing tax expenses due to a decline in estimated future taxable income. - FY2021RestatedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If the estimated amount declines, deferred tax assets may be reduced and tax expenses may be recognized.」
The disclosure continues to identify the risk of reducing deferred tax assets and recognizing tax expenses due to a decline in estimated future taxable income. - FY2020RestatedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If the estimated amount declines, deferred tax assets may be reduced and tax expenses may be recognized.」
The disclosure continues to describe the risk of reducing deferred tax assets and recognizing tax expenses due to a decline in estimated future taxable income. - FY2019First statedAnnual report
「The recoverability of deferred tax assets depends on estimates of future taxable income. If the estimated amount declines, deferred tax assets may be reduced and tax expenses may be recognized.」
The disclosure describes the possibility of reducing deferred tax assets and recognizing tax expenses due to a decline in estimated future taxable income.