Tax-Effect Accounting Treatment Following the Transition to the Group Tax-Sharing System
First written in FY2022-Q2. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2022DroppedAnnual reportIn the body of the FY2022 Annual Securities Report, no explanation was found of the specific treatment of tax-effect accounting associated with the transition to the group-wide income tax system that had been described in the quarterly report.
- FY2022-Q3RestatedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The treatment of tax effect accounting associated with the transition to the group relief system continues to be applied. - FY2022-Q2First statedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting associated with the transition to the group-wide income tax system, the company described the treatment of calculating deferred tax assets and liabilities based on the provisions of the tax laws before their amendment.