Application of Tax-Effect Accounting Following the Transition to the Group Tax-Sharing System
First written in FY2023-Q3. 1 of 2 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
71 other companies' latest entry also says "Achieved".
- FY2024-Q1AchievedAnnual report
「From the first quarter of the current consolidated fiscal year, the Company and its group companies transitioned from the consolidated taxation system to the group tax sharing system. Accordingly, accounting treatment and disclosures for corporate tax, local corporate tax and tax effect accounting are made in accordance with the Treatment of Accounting and Disclosure When Applying the Group Tax Sharing System.」
The transition policy presented through the previous fiscal year was completed through the actual transition to and application of the group tax sharing system from the first quarter of the consolidated fiscal year beginning 1 March 2023. - FY2023-Q3First statedAnnual report
「The Company and its group companies apply the provisions of the tax laws in effect before the amendments to the amounts of deferred tax assets and deferred tax liabilities, without applying the provisions of Paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting, pursuant to the treatment prescribed in Paragraph 3 of the Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System, for items established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) in connection with the transition to the group tax sharing system and the related revision of the single-entity taxation system.」
For tax-effect accounting associated with the transition to the group tax-sharing system, the disclosure describes the treatment of calculating deferred tax assets and liabilities based on the provisions of the tax laws before amendment.