Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2021-Q2. 5 of 7 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
105 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated taxation system to the group aggregation system from the first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Treatment of Accounting and Disclosure When Applying the Group Aggregation System (Practical Response Report No. 42, 12 August 2021, hereinafter, “Practical Response Report No. 42”).」
The transition to the group aggregation system implemented from the first quarter and the related tax-effect accounting treatment are reconfirmed in Additional Information. - FY2023-Q2RestatedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated taxation system to the group aggregation system from the first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Treatment of Accounting and Disclosure When Applying the Group Aggregation System (Practical Response Report No. 42, 12 August 2021, hereinafter, “Practical Response Report No. 42”).」
The transition to the group aggregation system implemented from the first quarter and the related tax-effect accounting treatment are reconfirmed in Additional Information. - FY2023-Q1AchievedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated taxation system to the group aggregation system from the beginning of the current first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Treatment of Accounting and Disclosure When Applying the Group Aggregation System (Practical Response Report No. 42, 12 August 2021, hereinafter, “Practical Response Report No. 42”).」
The transition from the consolidated taxation system to the group aggregation system was implemented from the current first-quarter accounting period, and the related accounting treatment and disclosures for corporate income taxes and tax-effect accounting are being conducted under the new system. - FY2022-Q3RestatedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
In connection with the transition to the group aggregation system, the company continues to use accounting treatment under which deferred tax assets and liabilities are calculated based on the tax laws before amendment. - FY2022-Q1RestatedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
In connection with the transition to the group aggregation system, the company continues to use accounting treatment under which deferred tax assets and liabilities are calculated based on the tax laws before amendment. - FY2021-Q3RestatedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
In connection with the transition to the group aggregation system, the company continues to use accounting treatment under which deferred tax assets and liabilities are calculated based on the tax laws before amendment. - FY2021-Q2First statedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
The filing describes for the first time the accounting treatment of applying the tax laws before amendment, based on practical response report guidance, to tax-effect accounting associated with the transition to the group aggregation system.