Tax Effect Accounting for the Transition to the Group Tax-Sharing System
First written in FY2022-Q1. 1 of 4 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
70 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year.」
The planned transition from the consolidated taxation system to the group aggregation system has been implemented from the current first-quarter consolidated accounting period. - FY2022AdvancedAnnual report
「From the next consolidated fiscal year, the group will transition from the consolidated taxation system to the group relief system. From the beginning of the next consolidated fiscal year, it plans to apply the accounting and disclosure treatment prescribed in the guidance on accounting and disclosure when applying the group relief system, covering corporate and local corporate taxes and tax-effect accounting.」
The Company has specified its planned transition from the consolidated taxation system to the group aggregation system at the beginning of the next consolidated fiscal year, as well as the applicable accounting treatment and disclosure standards. - FY2022-Q3RestatedAnnual report
「For the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone tax payment system accompanying that transition, the Group applies the treatment under paragraph 3 of the Practical Solution on the Accounting Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution No. 39, 31 March 2020), and does not apply the provisions of paragraph 44 of the Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018). Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the tax laws before revision.」
For tax-effect accounting related to the transition to the consolidated taxation system, the Company continues to calculate deferred tax assets and liabilities based on the tax laws in effect before the amendment. - FY2022-Q1First statedAnnual report
「For the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts, and for items revised in connection with that transition, the Group calculates deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, in accordance with Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
For tax effect accounting related to the transition to the group tax sharing system, the Group calculates deferred tax assets and liabilities based on the pre-amendment tax laws in accordance with the relevant practical guidance.