Estimating recoverability of deferred tax assets based on the impact of COVID-19
First written in FY2021-Q1. 4 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026Update to tax-effect accounting resultsAnnual report
「Net income for the current fiscal year increased substantially from the previous fiscal year because, after carefully examining the recoverability of deferred tax assets in light of recent business performance and future prospects, we recorded ¥1,826 million in income taxes—deferred (△ indicates a gain) at the end of the current fiscal year.」
Following an examination of the recoverability of deferred tax assets, ¥1,826 million in income taxes—deferred was recorded, and the deferred tax asset balance increased from ¥100 million to ¥1,253 million. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It was determined that there had been no material change in the major risks, including accounting estimates based on the assumption that the impact of COVID-19 would continue. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions underlying the accounting estimates concerning the impact of the spread of COVID-19 described in the annual securities report for the previous consolidated fiscal year, filed on 27 June 2022.」
It was determined that there had been no material change from the previous consolidated fiscal year in the accounting estimate assumption that the impact of COVID-19 would continue. - FY2022Extension of accounting estimate assumptionsAnnual report
「Regarding the impact of COVID-19 on the Group, we had assumed that the impact would continue for a certain period during the fiscal year ending March 2022. However, based on recent analyses and information from external institutions, we have revised the assumption to provide that the impact will continue for a certain period after April 2022, and have made accounting estimates for impairment of fixed assets.」
The assumption was revised to provide that the impact of COVID-19 would continue for a certain period after April 2022, and was used in the accounting estimates for impairment of fixed assets. The same assumption was adopted for tax-effect accounting. - FY2022-Q3Extension of accounting estimate assumptionsAnnual report
「Regarding the assumptions underlying the accounting estimates concerning the impact of COVID-19, we had assumed that the impact would continue for a certain period during the fiscal year ending March 2022. However, based on recent analyses and information from external institutions, we have revised the assumption to provide that the impact will continue for a certain period after April 2022, and have made accounting estimates for impairment of fixed assets and tax-effect accounting. The impact on the quarterly consolidated financial statements is immaterial.」
The assumption was revised to provide that the impact of COVID-19 would continue for a certain period after April 2022, and was used in estimating impairment of fixed assets and tax-effect accounting. It was stated that there was no impact on the quarterly consolidated financial statements. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions underlying the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year, filed on 25 June 2021.」
There has been no material change from the previous consolidated fiscal year in the accounting estimate assumption that the impact of the infection would continue. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions underlying the accounting estimates concerning the impact of the spread of COVID-19 described in the annual securities report for the previous consolidated fiscal year, filed on 25 June 2021.」
It was determined that there had been no material change from the previous consolidated fiscal year in the accounting estimate assumption that the impact of COVID-19 would continue. - FY2021Update to full-year accounting estimates and adjustmentsAnnual report
「As a result, during the current consolidated fiscal year, we wrote off in full the deferred tax assets recorded in the standalone financial statements of Imperial Hotel, which accounted for most of the deferred tax assets held by the Group.」
On the assumption that the impact of the infection would continue for a certain period during the fiscal year ending March 2022, all deferred tax assets of Imperial Hotel on a standalone basis were written off, and ¥3,339 million in income taxes—deferred was recorded. - FY2021-Q3会計上の見積り前提・調整額の更新Annual report
「However, COVID-19 is an event that has had a broad impact on the economy and corporate activities, and it is difficult to predict how it will spread or when it will subside. Accordingly, based on analyses and information from external institutions, we have made accounting estimates, including the recoverability of deferred tax assets, on the assumption that the impact will continue for a certain period after April 2021. Based on these assumptions, we examined the recoverability of deferred tax assets and other matters as of the end of the third quarter of the current consolidated fiscal year. As a result, we determined that the company classification for tax-effect accounting remained the same as at the end of the second quarter, and recorded ¥3,091 million in income taxes—deferred.」
The recoverability of deferred tax assets was estimated on the assumption that the impact of COVID-19 would continue for a certain period after April 2021. The company classification was judged to be unchanged from the second quarter, and ¥3,091 million in income taxes—deferred was recorded. - FY2021-Q1First statedAnnual report
「しかし、新型コロナウイルス感染症は経済、企業活動に広範な影響を与える事象であり、また、今後の広がり方や収束時期等を予想することは困難なことから当社は外部の情報源に基づく情報等を踏まえて、今後、2021年3月期の一定期間にわたり当該影響が継続するとの仮定のもと、繰延税金資産の回収可能性等の会計上の見積りを行っております。これらの仮定の下、当第1四半期連結会計期間末における繰延税金資産の回収可能性等を検討した結果、税効果会計における企業分類の変更に伴う繰延税金資産の取崩しを行っておりますが、当第1四半期連結累計期間の繰越欠損金にかかる繰延税金資産を計上し法人税等調整額を利益項目として484百万円計上しております。」
新型コロナウイルス感染症の影響が2021年3月期の一定期間継続するとの仮定に基づき、繰延税金資産の回収可能性を見積もり、企業分類変更に伴う取崩しと484百万円の法人税等調整額の利益計上を行った。