Adoption of Revised Tax-Effect Accounting Standards and Changes in the Presentation of Deferred Tax Items
First written in FY2020-Q1. 1 of 2 entries say "Restated". Latest entry: FY2020-Q3.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2020-Q3RestatedAnnual report
「We have applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The revisions to the tax-effect accounting standards and other changes were adopted from the first quarter, and the change in the presentation classifications of deferred tax assets and liabilities continues to be disclosed. - FY2020-Q1First statedAnnual report
「We have applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The revisions to the tax-effect accounting standards and other changes were adopted from the beginning of the current quarter, and the presentation classifications of deferred tax assets and liabilities were changed. The balance sheet for the previous consolidated fiscal year is also presented using figures after retrospective application.