Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2024-Q3.
106 other companies' latest entry also says "Restated".
- FY2024-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.」
The transition from the consolidated taxation system to the group tax-sharing system implemented from the first quarter, and its accounting treatment, have been reconfirmed. - FY2024-Q1AchievedAnnual report
「The Company and certain domestic subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the first quarter of the current consolidated fiscal year.」
The transition to the group tax-sharing system, which had been scheduled through the previous fiscal year, was implemented from the first quarter of the current consolidated fiscal year. - FY2023RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the following consolidated fiscal year.」
The planned transition from the consolidated taxation system to the group tax-sharing system and the related accounting treatment for tax effects have been reconfirmed. - FY2022RestatedAnnual report
「Treatment for Applying Tax Effect Accounting in Connection with the Transition to the Group Tax Sharing System」
The policy of applying treatment based on the tax laws before amendment in connection with the transition to the group tax sharing system has been reiterated. - FY2021First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the provisions of the tax laws before amendment under paragraph 3 of the Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System, with respect to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Laws (Act No. 8 of 2020) and items for which the standalone taxation system was revised in connection with that transition.」
The Company disclosed for the first time that, in applying tax effect accounting in connection with the transition to the group tax sharing system, it was processing deferred tax assets and liabilities based on the tax laws before amendment.