Tax Effect Accounting in Connection with the Transition to the Group Tax-Sharing System
First written in FY2022-Q2. 3 of 5 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
104 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting follow Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “PITF No. 42”).」
The policy of transitioning to the group tax sharing system and conducting the related accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax effect accounting based on PITF No. 42 has continued. - FY2023-Q2RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting follow Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “PITF No. 42”).」
The policy of transitioning to the group tax sharing system and conducting the related accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax effect accounting based on PITF No. 42 has continued. - FY2023-Q1AdvancedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting follow Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “PITF No. 42”).」
The transition to the group tax sharing system entered the implementation stage from the first quarter of the consolidated fiscal year, and the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting are now conducted in accordance with PITF No. 42. - 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 stand-alone taxation system in connection with that transition, the Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution No. 39, "Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System," without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting, and have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the group tax sharing system, the same transitional treatment as in the previous quarter has continued to be applied. - FY2022-Q2First statedAnnual 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 stand-alone taxation system in connection with that transition, the Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution No. 39, "Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System," without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting, and have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the group tax sharing system, deferred tax assets and liabilities are calculated based on the transitional treatment.