Applying Tax Effect Accounting Following the Transition to the Group Taxation System
First written in FY2022-Q1. 4 of 6 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
105 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, the company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the stand-alone taxation system.」
The accounting treatment following the transition from the consolidated taxation system to the stand-alone taxation system continues. - FY2024-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, the company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the stand-alone taxation system.」
The accounting treatment following the transition from the consolidated taxation system to the stand-alone taxation system continues. - FY2024-Q1ReframedAnnual report
「From the first quarter of the current consolidated fiscal year, the company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the stand-alone taxation system.」
The disclosure has changed from a description of the application of tax effect accounting in connection with the transition to the group tax sharing system to a description stating that, from the first quarter of the current consolidated fiscal year, the company transitioned from the consolidated taxation system to the stand-alone taxation system. - FY2023-Q1RestatedAnnual report
「The company and its 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)」
The method of applying tax effect accounting accompanying the transition to the group tax sharing system continues to be applied. - FY2022RestatedAnnual report
「With respect to the transition by the company and its consolidated subsidiaries 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 standalone tax filing system was revised in connection with that transition, the provisions of Paragraph 44 of the Guidance on the Application of Accounting Standards for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) were not applied pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting in Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Issues Task Force Report No. 39, 31 March 2020). The amounts of deferred tax assets and deferred tax liabilities were calculated based on the provisions of tax laws before the amendments.」
The company continues to state the accounting treatment applied in connection with the transition to the group taxation system. - FY2022-Q1First statedAnnual report
「With respect to the transition by the company and its consolidated subsidiaries 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 standalone tax filing system was revised in connection with that transition, the provisions of Paragraph 44 of the Guidance on the Application of Accounting Standards for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) were not applied pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting in Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Issues Task Force Report No. 39, 31 March 2020). The amounts of deferred tax assets and deferred tax liabilities were calculated based on the provisions of tax laws before the amendments.」
The company has described for the first time the accounting treatment applied to tax effect accounting in connection with the transition to the group tax sharing system, based on Practical Response Report No. 39 and other guidance.