Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Taxation System
First written in FY2020. 6 of 9 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company and its consolidated subsidiaries have applied the group aggregation system from the current consolidated fiscal year.」
The company completed the transition to the group tax sharing system planned in the previous fiscal year and continues to apply it in its annual financial statements. - FY2023-Q1AchievedAnnual report
「The Company and its consolidated subsidiaries transitioned from the consolidated taxation system to the group taxation system from the beginning of the first quarter of the current fiscal year. Accordingly, accounting and disclosure for corporate tax, local corporate tax and tax-effect accounting are conducted in accordance with the “Treatment of Accounting and Disclosure when Applying the Group Taxation System” (Practical Response Report No. 42, 12 August 2021).」
The transition to the group tax sharing system, which had been scheduled in the previous fiscal year to begin from the following consolidated fiscal year, is being implemented from the first quarter of the current consolidated fiscal year. - FY2022Specified application of the group tax sharing system in the following fiscal yearAnnual report
「The Company and its consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system beginning in the following consolidated fiscal year.」
The company specified that the transition from the consolidated taxation system to the group tax sharing system would take place at the beginning of the following consolidated fiscal year and plans to apply Practical Response Report No. 42. - FY2022-Q1RestatedAnnual report
「For items established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, including items for which the single-entity tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before revision, in accordance with paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020).」
The company continues to apply its tax effect accounting treatment related to the transition to the group tax sharing system. - FY2021RestatedAnnual report
「For items established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, including items for which the single-entity tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries, in accordance with paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), did not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before revision.」
The company continues to apply its tax effect accounting treatment related to the transition to the group tax sharing system. - FY2021-Q3RestatedAnnual report
「For items established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, including items for which the single-entity tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries, in accordance with paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), did not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before revision.」
The company continues to apply its tax effect accounting treatment related to the transition to the group tax sharing system. - FY2021-Q2RestatedAnnual report
「For items established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, including items for which the single-entity tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries, in accordance with paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), did not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before revision.」
The company continues to apply its tax effect accounting treatment related to the transition to the group tax sharing system. - FY2021-Q1RestatedAnnual report
「For items established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, including items for which the single-entity tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries, in accordance with paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), did not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before revision.」
The company continues to apply its tax effect accounting treatment related to the transition to the group tax sharing system. - FY2020First statedAnnual report
「For items established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, including items for which the single-entity tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before revision, in accordance with paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020).」
The company described for the first time its tax effect accounting treatment related to the transition to the group tax sharing system.