Change in Statutory Effective Tax Rate Due to Capital Reduction
First written in FY2021-Q2. 1 of 2 entries say "Restated". Latest entry: FY2021-Q3.
0 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「As a result of this tax rate change, deferred tax liabilities, net of deferred tax assets, increased by ¥82 million, and income taxes—deferred for the nine-month period of the current third-quarter consolidated fiscal year increased by ¥82 million.」
Continued disclosure of the statutory effective tax rate change following exemption from external standard taxation accompanying the capital reduction, and its ¥82 million impact. - FY2021-Q2First statedAnnual report
「As the company reduced its stated capital to ¥100 million effective 1 August 2020, it became exempt from the external standard taxation applicable to enterprise tax. Accordingly, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities for temporary differences and other items expected to reverse in and after the consolidated fiscal year beginning 1 April 2020 was changed from 30.6% to 34.1%. As a result of this tax rate change, deferred tax liabilities, net of deferred tax assets, increased by ¥82 million, and income taxes—deferred for the six-month period of the current second-quarter consolidated fiscal year increased by ¥82 million.」
Following the exemption from external standard taxation accompanying the capital reduction without compensation, the statutory effective tax rate was changed from 30.6% to 34.1%, and the impact on deferred tax liabilities and deferred income taxes was disclosed.