Streamlining the Financial Closing Process by Changing the Method for Calculating Quarterly Tax Expense
First written in FY2021-Q2. 11 of 12 entries say "Restated". Latest entry: 2026-03-31.
80 other companies' latest entry also says "Restated".
- 2026-03-31RestatedEarnings
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
Continues to apply the method of calculating quarterly tax expenses using an estimated effective tax rate. - FY2026-H1RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
The company continues to calculate interim tax expenses using the estimated effective tax rate. - FY2025-H1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current interim period, and multiplying pretax interim income by the estimated effective tax rate.」
The company continues to calculate interim tax expenses using the estimated effective tax rate. - FY2024-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate quarterly tax expenses by multiplying pretax quarterly income by the estimated effective tax rate. - FY2023-Q3RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current third quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate quarterly tax expenses using the estimated effective tax rate in the current third quarter. - FY2023-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate tax expenses using the estimated effective tax rate. - FY2023-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate tax expenses using the estimated effective tax rate. - FY2022-Q3RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current third quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate tax expenses using the estimated effective tax rate. - FY2022-Q2RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate tax expenses using the estimated effective tax rate. - FY2022-Q1RestatedAnnual report
「Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the current first quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
The company continues to calculate quarterly tax expenses using the estimated effective tax rate. - FY2021-Q3RestatedAnnual report
「Previously, tax expenses were generally calculated using the standard method. However, to further improve the efficiency of the Group's quarterly financial reporting, from the first quarter of the fiscal year we changed to a method under which the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year is reasonably estimated and multiplied by pretax quarterly income.」
The company continues to apply the change made from the first quarter of the fiscal year to a method of calculating tax expenses using the estimated effective tax rate to improve the efficiency of quarterly financial reporting. - FY2021-Q2First statedAnnual report
「Previously, tax expenses were generally calculated using the standard method. However, to further improve the efficiency of the Group's quarterly financial reporting, from the first quarter of the fiscal year we changed to a method under which the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year is reasonably estimated and multiplied by pretax quarterly income.」
From the first quarter of the fiscal year, the company changed to a method of calculating tax expenses using the estimated effective tax rate to improve the efficiency of quarterly financial reporting.