Recoverability Risk for Deferred Tax Assets
First written in FY2019. 8 of 10 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2024: 7 of 28 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It has been reconfirmed that there were no significant changes in the accounting estimates or the assumptions underlying them. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It has been reconfirmed that there were no significant changes in the accounting estimates or the assumptions underlying them. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company is reaffirming that there have been no material changes in the accounting estimates or the assumptions underlying them. - FY2022-Q1RestatedAnnual report
「There have been no material changes in the accounting estimates associated with the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company is reaffirming that there have been no material changes in its accounting estimates in light of COVID-19. - FY2021RestatedAnnual report
「Recognition of deferred tax assets is estimated based on the timing and amount of taxable income generated under future business plans. These estimates may be affected by changes in uncertain future economic conditions. If the timing or amount of taxable income actually generated differs from the estimates, the amount of deferred tax assets in the consolidated financial statements for the following fiscal year could be materially affected.」
The company is reaffirming that estimates of deferred tax assets based on the timing and amount of taxable income, and differences from economic conditions and actual results, may affect the financial statements for the following fiscal year. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company is reaffirming that there have been no material changes in the accounting estimates or the assumptions underlying them. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company is reaffirming that there have been no material changes in the accounting estimates or the assumptions underlying them. - FY2021-Q1RestatedAnnual report
「With respect to the accounting estimates associated with the spread of COVID-19 described in the additional information section of the annual securities report for the previous consolidated fiscal year, there have been no material changes in the assumptions, including the expected timing of containment.」
The company is reaffirming that there have been no material changes in the assumptions, including the expected timing of containment, underlying its accounting estimates in light of COVID-19. - FY2020WorsenedAnnual report
「During the fiscal year ended March 2021, the spread of COVID-19 began to affect the Group's operating activities. Accordingly, when estimating the recoverability of deferred tax assets, the company assumed that current conditions would continue through the cumulative second quarter of the fiscal year ended March 2021, followed by a recovery from the third quarter onward, and reflected this assumption in its accounting. If conditions differ from the assumption, profit or loss may be affected.」
The company estimated the recoverability of deferred tax assets based on the impact of COVID-19 on operating activities and described the possibility that differences from the assumptions may affect profit or loss. - FY2019First statedAnnual report
「If the company determines that recovery of deferred tax assets is not expected, it estimates the amount expected to be unrecoverable and records a valuation allowance. This may affect profit or loss.」
The company describes the risk that the recoverability of deferred tax assets based on future taxable income and the recording of a valuation allowance may affect profit or loss.