Application of revised tax-effect accounting standards and change in the presentation of deferred tax assets
First written in FY2019-Q1. 9 of 14 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 1 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「The company has applied, from the beginning of the current interim consolidated accounting period, the Accounting Standard for Taxes on Income, Resident Taxes and Enterprise Taxes (ASBJ Statement No. 27, 28 October 2022), the Accounting Standard for Presentation of Comprehensive Income (ASBJ Statement No. 25, 28 October 2022), and the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 28 October 2022). These changes have had no impact on the interim consolidated financial statements.」
The Company applied the October 2022 amendments to the standards relating to corporate income taxes, presentation of comprehensive income and tax-effect accounting from the beginning of the first half of fiscal 2024. It states that there was no impact on the interim consolidated financial statements. - 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 Company reconfirmed the transition to the group tax sharing system implemented from the first quarter and the related accounting treatment and disclosures based on Practical Response Report No. 42. - 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 Company continues the transition to the group tax sharing system implemented from the first quarter and the related accounting treatment and disclosures based on Practical Response Report No. 42. - 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 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 Company implemented the transition to the group tax sharing system from the first quarter of fiscal 2022, rather than in the next consolidated fiscal year as previously planned. Accounting treatment and disclosures relating to tax-effect accounting and other matters comply with Practical Response Report No. 42. - FY2022AdvancedAnnual report
「The Company and certain of its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the next consolidated fiscal year.」
The Company specified that the transition to the group tax sharing system would take place in the next consolidated fiscal year and described the tax-effect accounting treatment associated with the transition and the practical response report scheduled to be applied. - FY2022-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), without applying the provisions of Paragraph 44, 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 Practical Issues Task Force No. 39, 31 March 2020), 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 taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax law before the amendments.」
The Company reconfirmed the treatment of calculating deferred tax assets and liabilities based on the tax law in effect before the amendments in connection with the transition to the group tax sharing system. - FY2022-Q1RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), without applying the provisions of Paragraph 44, 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 Practical Issues Task Force No. 39, 31 March 2020), 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 taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax law before the amendments.」
The Company reconfirmed the treatment of calculating deferred tax assets and liabilities based on the tax law in effect before the amendments in connection with the transition to the group tax sharing system. - FY2021-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), without applying the provisions of Paragraph 44, 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 Practical Issues Task Force No. 39, 31 March 2020), 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 taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax law before the amendments.」
The Company reconfirmed the treatment of calculating deferred tax assets and liabilities based on the tax law in effect before the amendments in connection with the transition to the group tax sharing system. - FY2021-Q2RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), without applying the provisions of Paragraph 44, 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 Practical Issues Task Force No. 39, 31 March 2020), 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 taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax law before the amendments.」
The Company reconfirmed the treatment of calculating deferred tax assets and liabilities based on the tax law in effect before the amendments in connection with the transition to the group tax sharing system. - FY2021-Q1Additional accounting treatment associated with the transition to the group tax sharing systemAnnual report
「The company and certain domestic consolidated subsidiaries have applied the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), without applying the provisions of Paragraph 44, 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 Practical Issues Task Force No. 39, 31 March 2020), 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 taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax law before the amendments.」
Regarding tax effect accounting in connection with the transition to the group aggregation system, the company discloses the treatment of calculating deferred tax assets and liabilities based on the tax laws before amendment. - FY2019RestatedAnnual report
「The company applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities are presented under non-current liabilities.」
The Company reconfirmed that it applied the amendments to the tax-effect accounting standards and other amendments from the beginning of the current consolidated fiscal year, changing the presentation categories for deferred tax assets and liabilities. - FY2019-Q3RestatedAnnual report
「The Company has applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the consolidated fiscal year, and presents deferred tax assets under investments and other assets.」
The Company reconfirmed its accounting policy of applying the amendments to the tax-effect accounting standards and other amendments from the beginning of the first quarter of fiscal 2019 and presenting deferred tax assets under investments and other assets. - FY2019-Q2RestatedAnnual report
「The Company has applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the consolidated fiscal year, and presents deferred tax assets under investments and other assets.」
The Company reconfirmed its accounting policy of applying the amendments to the tax-effect accounting standards and other amendments from the beginning of the first quarter of fiscal 2019 and presenting deferred tax assets under investments and other assets. - FY2019-Q1First statedAnnual report
「The Company has applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year, and presents deferred tax assets under investments and other assets.」
The Company applied the amendments to the tax-effect accounting standards announced on 16 February 2018 and other amendments from the beginning of the first quarter of fiscal 2019, changing the presentation category for deferred tax assets.