Uncertainty Regarding the Recoverability of Deferred Tax Assets
First written in FY2019. 7 of 11 entries say "Restated". Latest entry: FY2025.
Altech moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 9 of 17 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「The valuation allowance increased by ¥321.860 million. This was mainly due to an increase in the valuation allowance related to impairment losses.」
The valuation allowance increased by ¥321.860 million, heightening uncertainty regarding the recoverability of deferred tax assets. - FY2024WorsenedAnnual report
「The valuation allowance increased by ¥210.908 million. This was mainly due to an increase in tax loss carryforwards at 7 consolidated subsidiaries.」
The valuation allowance increased by ¥210.908 million due to tax loss carryforwards and other items, heightening uncertainty regarding the recoverability of deferred tax assets. - FY2024-Q1RestatedAnnual 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 stated that there had been no material changes from the previous fiscal year in its accounting estimates or the related assumptions. - FY2023WorsenedAnnual report
「The valuation allowance increased by ¥252.243 million. This was mainly due to an increase in tax loss carryforwards at 8 consolidated subsidiaries and an increase in the valuation allowance related to the total amount of deductible temporary differences and other items at the Company and 7 consolidated subsidiaries.」
The valuation allowance increased by ¥252.243 million due to increases in tax loss carryforwards and other items, heightening uncertainty regarding the recoverability of deferred tax assets. - FY2022RestatedAnnual report
「As a result, deferred tax assets that are no longer expected to be recovered may be reduced, resulting in the recognition of tax expenses.」
It continues to state that changes in assumptions underlying estimates of taxable income and other factors may result in additional valuation allowances or reductions of deferred tax assets. - FY2021RestatedAnnual report
「Changes in the conditions and assumptions underlying estimates of taxable income may require an additional provision or the reversal of a provision.」
It continues to describe the uncertainty of estimates concerning the recoverability of deferred tax assets and the possibility of additional valuation allowances or reversals if assumptions change. - FY2021-Q1RestatedAnnual 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 stated that there had been no material changes from the previous fiscal year in its accounting estimates or the related assumptions. - FY2020RestatedAnnual report
「Changes in the conditions and assumptions underlying estimates of taxable income may require an additional provision or the reversal of a provision.」
It continues to describe the uncertainty of estimates concerning the recoverability of deferred tax assets and the possibility of additional valuation allowances or reversals if assumptions change. - FY2020-Q3RestatedAnnual report
「There have been no material changes since the end of the second quarter of the current consolidated fiscal year in the accounting estimates or the underlying assumptions.」
It states that there have been no material changes since the end of the second quarter in estimates concerning impairment of fixed assets and the recoverability of deferred tax assets, taking the impact of COVID-19 into account. - FY2020-Q2RestatedAnnual report
「We have determined that no revision is necessary to the assessment of the recoverability of deferred tax assets as of the end of the previous consolidated fiscal year.」
Although estimates were made taking the impact of COVID-19 into account, it has determined that the assessment of the recoverability of deferred tax assets as of the end of the previous consolidated fiscal year does not need to be revised. It also states that an impact could arise if actual results diverge from the assumptions. - FY2019First statedAnnual report
「Changes in the conditions and assumptions underlying estimates of taxable income may require an additional provision or the reversal of a provision.」
It separately identifies, for the first time, the risk that changes in estimates of future taxable income may require an additional valuation allowance for deferred tax assets or the reversal of an existing valuation allowance.