Application of tax-effect accounting following the transition to the group aggregation system
First written in FY2022-Q2. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
106 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the group tax sharing system from the current consolidated fiscal year.」
Following the actual transition to the consolidated taxation system, the accounting treatment and disclosures have continued on an annual basis. - FY2023-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 of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting follow Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “PITF No. 42”).」
The company continues to apply and disclose tax and tax-effect accounting treatments based on the group tax sharing system, to which it transitioned from the first quarter. - FY2023-Q2RestatedAnnual 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 of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting follow Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “PITF No. 42”).」
The company continues to apply and disclose tax and tax-effect accounting treatments based on the group tax sharing system, to which it actually transitioned from the first quarter. - FY2023-Q1AdvancedAnnual 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 of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting follow Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “PITF No. 42”).」
The company progressed from its previous preparations for the transition and transitional tax-effect accounting treatment and actually transitioned to the group tax sharing system from the first quarter of the current consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「For 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 for items subject to revisions to the stand-alone taxation system in connection with that transition, the Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution No. 39, "Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System," without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting, and have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting associated with the transition to the group tax sharing system, the company continues to calculate amounts based on the provisions of the tax laws before amendment. - FY2022-Q2First statedAnnual report
「For 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 for items subject to revisions to the stand-alone taxation system in connection with that transition, the Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution No. 39, "Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System," without applying Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting, and have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting associated with the transition to the group tax sharing system, the company calculates deferred tax assets and liabilities using the provisions of the tax laws before amendment, based on the Practical Response Report.