Recoverability of Deferred Tax Assets
First written in FY2016. 5 of 12 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2026: 10 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company continues to state that there have been no material changes from the previous fiscal year in its accounting estimates and the assumptions underlying them. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company continues to state that there have been no material changes from the previous fiscal year in its accounting estimates and the assumptions underlying them. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company continues to state that there have been no material changes from the previous fiscal year in its accounting estimates and the assumptions underlying them. - FY2022Deferral of the assumed end of the pandemic and increase in deferred tax assetsAnnual report
「The company assumes that the full-scale end of the COVID-19 pandemic will be deferred until the fiscal year ending March 2024 or later.」
The company assumes that the full-scale end of the pandemic will occur in the fiscal year ending March 2024 or later and assesses recoverability based on cargo volumes, tank utilization and other factors. Meanwhile, deferred tax assets increased from ¥51.895 million to ¥56.399 million, while the valuation allowance decreased. - FY2021Recoverability assessment based on infectious disease and cargo volume assumptionsAnnual report
「The volume of cargo handled in the bulk cargo segment, a key assumption, is subject to significant estimation uncertainty. Fluctuations in cargo volume may change estimated taxable income and materially affect the assessment of the recoverability of deferred tax assets.」
The recoverability of deferred tax assets is assessed based on assumptions regarding when COVID-19 will subside, bulk cargo volumes, tank utilization for liquid cargo, and cargo trends at refrigerated warehouses. - FY2021-Q3RestatedAnnual report
「Up to the cumulative third quarter of the fiscal year, COVID-19 had not had a significant impact, although the recovery in the movement of some cargo has been delayed. Although it is difficult to accurately predict when the effects of COVID-19 will subside, the company has made accounting estimates, including the recoverability of deferred tax assets, on the assumption that conditions will recover to a certain extent by the end of the current consolidated fiscal year and return to normal in the following consolidated fiscal year.」
The company continues to estimate the recoverability of deferred tax assets and other items based on the assumption that the effects of COVID-19 will recover to a certain extent by the end of the current fiscal year and return to normal in the following fiscal year. - FY2021-Q2Change in estimates based on COVID-19 assumptionsAnnual report
「Although it is difficult to accurately predict when the effects of COVID-19 will subside, the company has made accounting estimates, including the recoverability of deferred tax assets, on the assumption that conditions will recover to a certain extent by the end of the current consolidated fiscal year and return to normal in the following consolidated fiscal year.」
The company revised its assumptions regarding the effects of COVID-19 and is estimating the recoverability of deferred tax assets and other items on the assumption of a partial recovery by the end of the current fiscal year and a return to normal in the following fiscal year. - FY2020Decrease in deferred tax assets related to tax loss carryforwardsAnnual report
「Deferred tax assets of ¥54.256 million」
The company continues to recognize deferred tax assets based on expected future taxable income, but the amount recognized in relation to tax loss carryforwards decreased from ¥18.378 million to ¥15.318 million. - FY2019MitigatedAnnual report
「The valuation allowance decreased by ¥37.839 million. The main factor was a ¥42.364 million decrease in the valuation allowance related to tax loss carryforwards, despite a ¥5.730 million increase in the valuation allowance related to the provision for directors' retirement benefits.」
The valuation allowance related to tax loss carryforwards decreased, and deferred tax assets of ¥18.378 million were recognized based on expected future taxable income. - FY2018MitigatedAnnual report
「The company recognized deferred tax assets after taking into account the certainty of taxable income for the current consolidated fiscal year and future earnings trends.」
Deferred tax assets of ¥29.735 million were recognized, and the valuation allowance decreased from ¥459.687 million to ¥402.023 million. Concerns over recoverability remain, but the position has changed from the previous year's full valuation allowance. - FY2017RestatedAnnual report
「No deferred tax assets were recognized at either the end of the previous consolidated fiscal year or the end of the current consolidated fiscal year, on the basis that no amount was recoverable.」
With respect to the recoverability of deferred tax assets, the company determined again this fiscal year that no amount was recoverable. - FY2016First statedAnnual report
「If expected future taxable income or other factors change due to changes in the operating environment or amendments to laws and regulations, the resulting increase in deferred tax assets may affect profit or loss.」
No deferred tax assets were recognized at the end of the fiscal year, and the full amount of the ¥466.062 million subtotal of deferred tax assets was recorded as a valuation allowance.