For the fiscal year ending March 2026, approximately 135 billion yen of deferred tax assets were newly recognized, and about 30 billion yen of profit was recorded under corporate income tax expense in the consolidated Q4 financial 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Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-05-01","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/8053-20260501-06.pdf","jir_short_summary":"For the fiscal year ending March 2026, approximately 135 billion yen of deferred tax assets were newly recognized, and about 30 billion yen of profit was recorded under corporate income tax expense in the consolidated Q4 financial statements.","jir_summary":"### Details of Deferred Tax Asset Recognition\nSumitomo Corporation completed the full acquisition of SCSK Corporation in the fourth quarter of the fiscal year ending March 2026. With the anticipated inclusion in the group tax consolidation system, the estimate of future taxable income was revised, resulting in the recognition of deferred tax assets previously assessed as having low recoverability. Consequently, in the individual financial statements, approximately 135 billion yen of profit was recorded under adjustments for corporate tax, and in the consolidated Q4 financial statements, around 30 billion yen of profit was recorded under corporate income tax expense.\n\n### Impact on Financial Results\nThe recognition of deferred tax assets is reflected in the consolidated financial summary\u3014IFRS\u3015for the fiscal year ending March 2026. In consolidated statements, deferred tax assets related to future deductible temporary differences of subsidiaries, etc., are only recognized to the extent likely to be utilized in the future. This accounting estimate revision has had a positive impact on profit.","jir_financial_highlights":"Amount of Deferred Tax Assets Recognized (Individual Financial Statements): Approximately 135 billion yen (Newly recognized)\nAmount of Deferred Tax Assets Recognized (Consolidated Q4 Financial Statements): Approximately 30 billion yen (Newly recognized)\nApplicable Period: Fiscal year ending March 2026 (April 1, 2025 \u2013 March 31, 2026) (Unknown)","jir_category":"","jir_hashtags":"#SumitomoCorporation, #financial_summary, #JapaneseStocks","jir_key_figures":"Amount of Deferred Tax Assets Recognized (Individual Financial Statements): Approximately 135 billion yen (recorded under adjustments for corporate tax)\nAmount of Deferred Tax Assets Recognized (Consolidated Q4 Financial Statements): Approximately 30 billion yen (recorded under corporate income tax expense)\nApplicable Period: Fiscal year ending March 2026 (April 1, 2025 \u2013 March 31, 2026)","jir_meta_title":"[Sumitomo Corporation] Fiscal Year Ending March 2026 Financial Results | Recognition of Deferred Tax Assets Approx. 135 Billion Yen","jir_meta_description":"Sumitomo Corporation recognized approximately 135 billion yen of deferred tax assets following full acquisition of SCSK in the fiscal year ending March 2026, positively impacting profits. Details are reflected in the financial summary.","jir_og_title":"[Sumitomo Corporation] Fiscal Year Ending March 2026 Financial Results | Recognition of Deferred Tax Assets Approx. 135 Billion Yen","jir_og_description":"Sumitomo Corporation newly recognized deferred tax assets due to the full acquisition of SCSK, reflecting profit impact in the fiscal year ending March 2026 financial results.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6868,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-44558","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n