Changing the method of calculating income tax expenses to accelerate and streamline quarterly reporting
First written in FY2019-Q2. 6 of 9 entries say "Restated". Latest entry: FY2024-Q1.
80 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year that includes the current first quarter, and multiplying pretax quarterly net income by that estimated effective tax rate. However, if calculating tax expense using that estimated effective tax rate would produce a result that lacks significant rationality, the statutory effective tax rate is used.」
The method for calculating quarterly tax expense using the estimated effective tax rate continues to be applied. The treatment of using the statutory effective tax rate when the result would lack rationality is also described. - FY2023-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year that includes the current first quarter, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method for calculating tax expense using the estimated effective tax rate continues to be applied in the current first quarter. - FY2022-Q3RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year that includes the current third quarter, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method for calculating tax expense using the estimated effective tax rate continues to be applied in the third-quarter consolidated accounting period. - FY2021-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year that includes the current first quarter, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method for calculating tax expense using the estimated effective tax rate continues to be applied in the first-quarter consolidated accounting period. - FY2020-Q3RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year that includes the current third quarter, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method for calculating tax expense using the estimated effective tax rate continues to be applied in the fiscal year that includes the third-quarter consolidated accounting period. - FY2020-Q1Continued application in quarterly reportingAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year that includes the current first quarter, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method for calculating tax expense using the estimated effective tax rate, for which no separate disclosure was identified in the annual securities report, continues to be applied in the first quarter. - FY2019DroppedAnnual reportThe annual securities report contains no separate disclosure regarding the change in the method for calculating tax expense using the estimated effective tax rate that was described in the quarterly report.
- FY2019-Q3RestatedAnnual report
「Previously, income tax expense was calculated using the same method as for the annual financial statements. From the first quarter consolidated accounting period, the company changed to a method of reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year, and multiplying pretax quarterly net income by that estimated effective tax rate.」
The method for calculating tax expense using the estimated effective tax rate introduced from the first quarter, and the objective of accelerating and improving the efficiency of quarterly closing procedures, continue to be described. - FY2019-Q2First statedAnnual report
「Previously, income tax expense was calculated using the same method as for the annual financial statements. From the first quarter consolidated accounting period, the company changed to a method of reasonably estimating the effective tax rate after applying tax-effect accounting to pretax net income for the consolidated fiscal year, and multiplying pretax quarterly net income by that estimated effective tax rate. The change is intended to ensure the prompt preparation of the group’s quarterly financial statements and improve efficiency further.」
From the first quarter consolidated accounting period, the company changed to a method of calculating income tax expense using an estimated effective tax rate, with the aim of ensuring the prompt preparation of quarterly financial statements and improving efficiency.