Additional Tax Burden from Tax Audits and Differences in Interpretation
First written in FY2023. 2 of 4 entries say "Mitigated", first in FY2024-Q3. Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「No additional events or circumstances affecting accounting estimates occurred during the current consolidated fiscal year in relation to the uncertainty concerning the tax treatment.」
It states that, after recognizing ¥2.1 billion based on the reassessment notice and ¥600 million including additional taxes and penalties as expenses in the previous fiscal year, no additional event affecting the current fiscal year occurred. - FY2024-Q3MitigatedAnnual report
「Part of the tax audit of the Group has been completed. The Company received a reassessment notice from the tax authorities concerning the past tax treatment of a subsidiary and has paid the amount stated in the notice. … The amount of ¥2.1 billion stated in the notice was recognized as income tax expense in the condensed nine-month consolidated income statement for the nine months ended [period]. … The Company estimates that additional tax expenses, including additional taxes and penalties, would be up to ¥600 million if the Group’s tax treatment were not accepted by the tax authorities.」
The Company paid and recognized as expense ¥2.1 billion based on the reassessment notice issued in connection with the tax audit. The estimated additional burden relating to the ongoing tax audit decreased from up to ¥2.6 billion in the previous quarter to up to ¥600 million. - FY2024-Q2MaterialisedAnnual report
「Part of the tax audit of the Group has been completed. The Company received a reassessment notice from the tax authorities concerning the past tax treatment of a subsidiary and has paid the amount stated in the notice. … The amount of ¥2.1 billion stated in the notice was recognized as income tax expense in the condensed interim consolidated income statement for the six months ended [period]. … The Company estimates that additional tax expenses, including additional taxes and penalties, would be up to ¥2.6 billion if the Group’s tax treatment were not accepted by the tax authorities.」
The difference of view with the tax authorities disclosed as a risk in the previous fiscal year has partly materialized, and ¥2.1 billion based on the reassessment notice was paid and recognized as income tax expense. For the ongoing tax audit, the additional burden is estimated at up to ¥2.6 billion. - FY2023First statedAnnual report
「Based on the differences in interpretation identified at this stage, we estimate that additional tax expenses, including surtaxes, would range from ¥1.9 billion to ¥7.7 billion if the Group's tax treatment were not accepted by the tax authorities.」
Discloses an ongoing tax audit, differences in interpretation with the tax authorities and estimated additional tax exposure of ¥1.9 billion to ¥7.7 billion if the treatment is not accepted.