Revision of Deferred Tax Assets and Other Items Due to a Change in the Corporate Tax Rate
First written in FY2017-Q3. 2 of 6 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2018: 6 of 33 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「Statutory effective tax rate 30.5%」
The statutory effective tax rate for the current consolidated fiscal year was disclosed as 30.5%. - FY2020Update to the statutory effective tax rateAnnual report
「Statutory effective tax rate 30.7% 30.5%」
The statutory effective tax rate was updated from 30.7% for the previous fiscal year to 30.5% for the current fiscal year. - FY2019RestatedAnnual report
「Statutory effective tax rate 30.7% 30.7%」
The statutory effective tax rate was disclosed as 30.7% for both the previous fiscal year and the current fiscal year. - FY2018Disclosure of the statutory effective tax rate after the changeAnnual report
「Statutory effective tax rate 32.8% 30.7%」
The statutory effective tax rate for the current fiscal year was disclosed as 30.7%. - FY2017Update to the impact of the tax rate changeAnnual report
「As a result of this change, deferred tax assets decreased by ¥15.354 million, valuation difference on other securities increased by ¥674 thousand, and income taxes deferred (debit) increased by ¥16.028 million.」
The explanation that the statutory effective tax rate was changed from 32.1% to 30.7% and 30.5% was restated, and the impact on deferred tax assets and other items in the annual financial statements was updated. - FY2017-Q3First statedAnnual report
「Accordingly, for temporary differences and other items expected to reverse in fiscal years beginning on or after 1 March 2017, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities will change from 32.1% to 30.7%. For temporary differences and other items expected to reverse in fiscal years beginning on or after 1 March 2019, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities will change from 32.1% to 30.5%. As a result of this change, deferred tax assets decreased by ¥12.109 million, the valuation difference on other securities increased by ¥0.806 million, and the adjustment amount of corporate income taxes (debit) increased by ¥12.915 million.」
The statutory effective tax rate was changed from 32.1% to 30.7% and then 30.5%, depending on the expected timing of future reversals, and the amounts of deferred tax assets and other items were adjusted accordingly.