Tax-Effect Accounting Following the Transition From the Consolidated Taxation System to the Group Tax-Sharing System
First written in FY2022-Q1. 4 of 6 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
105 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「From the first quarter of the current fiscal year, the Company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system. Accordingly, the accounting and disclosure treatment for corporate income taxes, local corporate taxes and tax-effect accounting is conducted in accordance with the "Accounting and Disclosure Treatment When Applying the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
The company continues to apply the accounting treatment and disclosures based on the transition to the group sharing system and Practical Solution Report No. 42 implemented from the first quarter. - FY2023-Q2RestatedAnnual report
「From the first quarter of the current fiscal year, the Company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system. Accordingly, the accounting and disclosure treatment for corporate income taxes, local corporate taxes and tax-effect accounting is conducted in accordance with the "Accounting and Disclosure Treatment When Applying the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
The company continues to apply the accounting treatment and disclosures based on the transition to the group sharing system and Practical Solution Report No. 42 implemented from the first quarter. - FY2023-Q1AchievedAnnual report
「The Company and its consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system beginning with the first quarter of the current consolidated fiscal year. Accordingly, the accounting and disclosure of corporate tax, local corporate tax and tax effect accounting are conducted in accordance with the “Accounting and Disclosure Treatment When Applying the Group Relief System” (Practical Response Report No. 42, 12 August 2021).」
The transition from the consolidated taxation system to the group relief system took effect from the first quarter, and Practical Response Report No. 42 was applied to tax effect accounting and related matters. The impact of the accounting policy change was deemed immaterial. - FY2022-Q3RestatedAnnual report
「With respect to 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
For tax-effect accounting in connection with the transition to the group sharing system, the company continues to apply the transitional treatment described from the previous quarter. - FY2022-Q2RestatedAnnual report
「With respect to 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
For tax-effect accounting in connection with the transition to the group sharing system, the company continues to apply the transitional treatment described from the previous quarter. - FY2022-Q1First statedAnnual report
「With respect to 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
For tax-effect accounting in connection with the transition to the group sharing system, the company states its policy of calculating deferred tax assets and deferred tax liabilities based on the tax law before the amendments under the transitional treatment.