Risk in assessing the recoverability of deferred tax assets
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2024: 7 of 29 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「If the estimated amount decreases and the Company determines that some or all of the deferred tax assets cannot be realized in the future, or if changes occur in the tax systems of the countries concerned, including changes in tax rates, the Company will reduce deferred tax assets and recognize tax expense in the period in which it makes that determination.」
The Company has reaffirmed the risk of reductions in deferred tax assets due to estimates of future taxable income or changes in the tax systems of individual countries. - FY2018First statedAnnual report
「The recoverability of deferred tax assets is assessed based on estimates of future taxable income. If the estimated amount decreases and the Company determines that some or all of the deferred tax assets cannot be realized in the future, or if changes occur in the tax systems of the countries concerned, including changes in tax rates, the Company will reduce deferred tax assets and recognize tax expense in the period in which it makes that determination.」
The Company identifies as a separate risk the possibility that deferred tax assets may be reduced and tax expense recognized due to estimates of future taxable income or changes in the tax systems of individual countries.