Increase in quarterly net income from additional recognition of deferred tax assets
First written in FY2017-Q2. 6 of 8 entries say "Reframed", first in FY2020-Q1. Latest entry: FY2021-Q3.
Ef-On moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 3 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2021-Q3ReframedAnnual report
「Deferred tax assets 196 85」
Deferred tax assets declined from ¥196 million at the end of the previous consolidated fiscal year to ¥85 million at the end of the third quarter of the current fiscal year. - FY2021-Q2ReframedAnnual report
「Deferred tax assets 196 77」
Deferred tax assets declined from ¥196 million at the end of the previous consolidated fiscal year to ¥77 million at the end of the second quarter of the current fiscal year. - FY2021-Q1ReframedAnnual report
「Deferred tax assets 196 98」
Deferred tax assets declined from ¥196 million at the end of the previous consolidated fiscal year to ¥98 million at the end of the first quarter of the current fiscal year. The text does not explain a causal relationship between this change and profit. - FY2020ReframedAnnual report
「Because tax-basis depreciation had been carried out for some of these projects, deferred tax assets were reversed upon their reaching maturity. In addition, tax loss carryforwards whose utilization deadlines had expired were written off, and together with the recognition of excess tax depreciation, this increased deferred income taxes and other adjustments in a direction that reduced profit.」
The company states that the reversal of deferred tax assets upon the maturity of on-site power generation projects, together with the expiration of tax loss carryforwards and other factors, increased deferred income taxes and other adjustments, contributing to the decline in net profit. - FY2020-Q3ReframedAnnual report
「Deferred tax assets 849 316」
Deferred tax assets declined from ¥849 million at the end of the previous consolidated fiscal year to ¥316 million at the end of the third quarter of the current fiscal year. - FY2020-Q1ReframedAnnual report
「Deferred tax assets 849 631」
Deferred tax assets declined from ¥849 million at the end of the previous consolidated fiscal year to ¥631 million at the end of the current quarter. The text does not explain a causal relationship between this change and the decline in net profit. - FY2018-Q2RestatedAnnual report
「Following the recognition of deferred tax assets, quarterly net profit attributable to owners of the parent was ¥1,220 million, up 16.6% year on year.」
As in the previous quarter, the company states that the recognition of deferred tax assets was a factor behind the increase in quarterly net profit attributable to owners of the parent. - FY2017-Q2First statedAnnual report
「Following a review of deferred tax assets as of the end of the quarter, we recognized additional assets for items judged to have future tax-saving benefits, resulting in a substantial increase in profit attributable to owners of the parent.」
The Company explains that the review and recognition of additional deferred tax assets materially increased profit attributable to owners of the parent.