Application of Tax-Effect Accounting in Connection with the Transition to the Group Tax Sharing System
First written in FY2021-Q1. 1 of 4 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
71 other companies' latest entry also says "Achieved".
- FY2024-Q2AchievedAnnual report
「The company and its consolidated subsidiaries have transitioned to the standalone tax filing system from the current consolidated fiscal year.」
It was confirmed that, based on the transition policy submitted in the previous fiscal year, the company transitioned to the standalone tax filing system from the current consolidated fiscal year. - FY2023ReframedAnnual report
「Because the company submitted a notification during the consolidated fiscal year stating that it would not apply the group tax sharing system, it will transition to the standalone tax filing system from the following consolidated fiscal year.」
The company changed its policy from transitioning to the group tax sharing system to transitioning to the standalone tax filing system from the following fiscal year after filing a notification that it would not apply the group tax sharing system. - FY2023-Q1RestatedAnnual 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 tax effect accounting treatment associated with the transition to the group tax sharing system continues to be applied. - FY2021-Q1First statedAnnual report
「With respect to the transition 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 group applies the provisions of 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), and accounts for them based on the provisions of tax laws before the amendments, ...」
The tax effect accounting treatment associated with the transition to the group tax sharing system was applied to the quarterly consolidated financial statements.