Tax-Effect Accounting Following the Transition From the Consolidated Taxation System to the Group Tax-Sharing System
First written in FY2022-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
71 other companies' latest entry also says "Achieved".
- 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 beginning of the first quarter of the current fiscal year.」
The transition from the consolidated tax payment system to the group relief system was implemented from the first quarter of the 60th fiscal year consolidated accounting period. - FY2022-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax 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 tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
The company applied the accounting treatment for tax-effect accounting related to the transition to the group relief system and the review of the standalone tax payment system, calculating deferred tax assets and liabilities based on the provisions of the tax laws before their amendment.