Impact on Net Income from Reversal of Deferred Tax Assets at a Subsidiary
First written in FY2022-Q3. . Latest entry: FY2022.
The whole theme swung hardest in 2019: 3 of 14 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2022Full-year amount of deferred tax asset reversal finalizedAnnual report
「Net income attributable to owners of the parent was ¥1,521 million, down 35.9% year on year, reflecting the reversal of ¥238 million in deferred tax assets at the subsidiary Parker Asahi Co., Ltd. and the absence in the current period of the ¥1,097 million gain on the sale of investment securities recorded in the previous fiscal year.」
The amount of deferred tax assets reversed at Parker Asahi Co., Ltd. was finalized at ¥238 million for the full fiscal year, becoming a factor behind the decline in net income attributable to owners of the parent. - FY2022-Q3First statedAnnual report
「Net income attributable to owners of the parent was ¥1,205 million, down 21.9% year on year, during the nine months ended the third quarter of the current consolidated fiscal year. This reflected the reversal of ¥234 million in deferred tax assets at the subsidiary Parker Asahi Co., Ltd., and the recording of a ¥1,097 million gain on the sale of investment securities in the same period of the previous year.」
The reversal of ¥234 million in deferred tax assets at Parker Asahi Co., Ltd. appears in the company’s actual performance commentary as a factor behind the decline in quarterly net income attributable to owners of the parent.