Recoverability Risk Related to Deferred Tax Assets
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2026.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the estimates of taxable income are revised due to changes in business performance, the future economic environment or other factors relating to these estimates and assumptions, this could have a material impact on deferred tax assets and income taxes adjustments.」
The risk was reaffirmed that revisions to estimated taxable income resulting from changes in business performance or the economic environment could affect deferred tax assets and tax expenses. - FY2024RestatedAnnual report
「The Group assesses the recoverability of deferred tax assets based on estimated future taxable income. If the estimated amount declines due to changes in the economic environment or other factors, and the Group determines that the deferred tax assets will not reduce future tax liabilities, it will reverse the deferred tax assets and recognize tax expenses, which could affect the Group's financial position and operating results.」
The risk was reaffirmed that deferred tax assets could be reversed and tax expenses recognized due to changes in business performance or the economic environment. - FY2023RestatedAnnual report
「If the estimates of taxable income are revised due to changes in business performance, the future economic environment or other factors relating to these estimates and assumptions, this could have a material impact on deferred tax assets and income taxes adjustments.」
The risk was reaffirmed that revisions to estimated taxable income resulting from changes in business performance or the economic environment could affect deferred tax assets and tax expenses. - FY2022First statedAnnual report
「If the estimates of taxable income are revised due to changes in business performance, the future economic environment or other factors relating to these estimates and assumptions, this could have a material impact on deferred tax assets and income taxes adjustments.」
The possibility of reversing deferred tax assets and recognizing tax expenses due to changes in estimated future taxable income or the economic environment was newly identified as a major risk and a critical accounting estimate.