Recognition of Deferred Income Tax Benefits Through Additional Deferred Tax Asset Recognition
First written in FY2020-Q1. 4 of 11 entries say "Restated". Latest entry: FY2025.
The Royal Hotel,Limited moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 3 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「The valuation allowance increased by ¥440 million. This was mainly because, following a review of the recoverability of deferred tax assets, the valuation allowance related to deductible temporary differences increased as future taxable income decreased.」
The valuation allowance increased by ¥440 million due to the expected decrease in future taxable income, and the recoverability of deferred tax assets deteriorated from the improvement seen in the previous fiscal year. - FY2024Deferred tax assets increased as recoverability improvedAnnual report
「The valuation allowance decreased by ¥606 million. This was mainly because, following a review of the recoverability of deferred tax assets, the valuation allowance related to deductible temporary differences decreased as future taxable income was expected to increase.」
The valuation allowance decreased by ¥606 million due to the expected increase in future taxable income, and deferred tax assets increased from ¥2 million in the previous fiscal year to ¥366 million. - FY2023-Q3WorsenedAnnual report
「Because considerable uncertainty remains regarding the spread of the infection and the timing of its containment, the company is examining the recoverability of deferred tax assets on the assumption that the impact will continue to some extent in fiscal 2023.」
The assumed fiscal year through which the impact would remain to some extent in determining the recoverability of deferred tax assets was delayed from fiscal 2022 to fiscal 2023. - FY2022WorsenedAnnual report
「The valuation allowance increased by ¥2,146 million. This was mainly because, after carefully examining the recoverability of deferred tax assets and taking into account the future outlook and future earning capacity reflecting the impact of the novel coronavirus, tax loss carryforwards increased.」
The valuation allowance related to the recoverability of deferred tax assets increased by ¥2,146 million, and tax loss carryforwards also increased. - FY2021-Q3WorsenedAnnual report
「After taking into account the future earnings outlook and future earning capacity reflecting the impact of the novel coronavirus, the company recognized a tax adjustment (loss) of ¥2,270 million as a result of the reversal of deferred tax assets.」
The assumption regarding demand recovery underlying the recoverability of deferred tax assets was delayed, with demand expected to remain affected to some extent in fiscal 2021 and to generally return to normal levels from fiscal 2022. The company actually reversed deferred tax assets and recognized a tax adjustment (loss) of ¥2,270 million. - FY2021-Q2SoftenedAnnual report
「The company recognizes deferred tax assets on the assumption that the impact of the spread of the novel coronavirus will gradually begin to ease from the second half of fiscal 2020 and that demand will generally reach a level in line with normal years in the second half of fiscal 2021.」
The assumed timing of demand recovery underlying the recognition of deferred tax assets was specified as the second half of fiscal 2021, rather than fiscal 2021 as previously stated, delaying the assumed recovery. - FY2021-Q1RestatedAnnual report
「The company recognizes deferred tax assets on the assumption that the impact of the spread of the novel coronavirus will subside during the first half of fiscal 2020, that recovery will begin in the second half, and that demand will reach a level in line with normal years in fiscal 2021.」
The company recognizes deferred tax assets on the assumption that the impact of the novel coronavirus will subside during the first half of fiscal 2020 and that demand will return to normal levels in fiscal 2021, and states that there has been no material change in these assumptions from the previous year's annual securities report. - FY2020RestatedAnnual report
「After taking into account the future earnings outlook and future earning capacity reflecting the impact of the novel coronavirus, the company continues to recognize deferred tax assets. Accordingly, it recognized a tax adjustment (gain) of ¥1,556 million for the consolidated fiscal year.」
The company continued to disclose the additional recognition of deferred tax assets and the recognition of a tax adjustment (gain) as annual results. - FY2020-Q3RestatedAnnual report
「Based on the Application Guidance on Recoverability of Deferred Tax Assets, and after carefully examining the recoverability of deferred tax assets in light of the current period's and future earnings outlooks, among other factors, the company additionally recognized deferred tax assets during the consolidated first-quarter accounting period. Accordingly, it recognized a tax adjustment (gain) of ¥1,804 million during the cumulative consolidated third quarter of the current year.」
The company continued to disclose the tax adjustment (gain) of ¥1,804 million for the cumulative third quarter in relation to the deferred tax assets additionally recognized in the first quarter. - FY2020-Q2RestatedAnnual report
「Based on the Application Guidance on Recoverability of Deferred Tax Assets, and after carefully examining the recoverability of deferred tax assets in light of the current period's and future earnings outlooks, among other factors, the company additionally recognized deferred tax assets during the consolidated first-quarter accounting period. Accordingly, it recognized a tax adjustment (gain) of ¥2,159 million during the cumulative consolidated second quarter of the current year.」
The company continued to disclose the tax adjustment (gain) of ¥2,159 million for the cumulative second quarter in relation to the deferred tax assets additionally recognized in the first quarter. - FY2020-Q1First statedAnnual report
「Based on the Application Guidance on Recoverability of Deferred Tax Assets, and after carefully examining the recoverability of deferred tax assets in light of the current period's and future earnings outlooks, among other factors, the company additionally recognized deferred tax assets during the consolidated first-quarter accounting period. Accordingly, it recognized a tax adjustment (gain) of ¥2,180 million during the cumulative consolidated first quarter of the current year.」
Following an examination of recoverability based on the earnings outlook and other factors, the company additionally recognized deferred tax assets and recognized a tax adjustment (gain) of ¥2,180 million.