Adoption of Accounting Standards on the Classification of Corporate Taxes
First written in FY2025-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
65 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「We have applied the "Accounting Standard for Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes" (Accounting Standards Board of Japan Statement No. 27, dated 28 October 2022; hereinafter, the "2022 Revised Accounting Standard") and other standards from the beginning of the current consolidated fiscal year.」
The company transitioned from the beginning of FY2025 to the treatment under the 2022 Revised Accounting Standard and other standards, under which corporate income taxes are allocated among profit or loss, shareholders' equity and other comprehensive income according to the transactions giving rise to them. It explained that the accounting policy change had no impact on the consolidated financial statements. - FY2025-H1First statedAnnual report
「We have applied the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, 28 October 2022; hereinafter the “2022 Revised Accounting Standard”) and other relevant standards from the beginning of the current interim consolidated fiscal period. Previously, corporate tax, inhabitant tax and enterprise tax on income were recognized in profit or loss at the amount calculated in accordance with the law. Going forward, corporate taxes on income will be classified and recognized in profit or loss, shareholders’ equity or other comprehensive income according to the transactions or other events that give rise to them. Corporate taxes recognized in accumulated other comprehensive income will be recognized in profit or loss, together with the corresponding tax amount, when the transactions or other events giving rise to those taxes are recognized in profit or loss.」
The 2022 Revised Accounting Standard and related standards were applied from the beginning of the current interim consolidated fiscal period, introducing a policy under which corporate taxes are classified among profit or loss, shareholders’ equity and other comprehensive income according to the transactions or other events giving rise to them.