Tax-Effect Accounting Following the Transition to the Group Tax-Sharing System
First written in FY2020. 2 of 6 entries say "Advanced", first in FY2021. 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 its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting are in accordance with the Practical Solution on the Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (Practical Solution Report No. 42, 12 August 2021; hereinafter, “Practical Solution Report No. 42”).」
The transition to the group tax sharing system from the first quarter of the consolidated fiscal year, and the accounting and disclosure based on Practical Solution Report No. 42, continue. - FY2023-Q1AchievedAnnual report
「The company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group aggregation system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure under the Group Aggregation System (Practical Issues Task Force Report No. 42, 12 August 2021; hereinafter, “Practical Issues Task Force Report No. 42”).」
The planned transition to the group tax sharing system was implemented from the first quarter of the current consolidated fiscal year, and the company has transitioned to accounting and disclosure based on Practical Solution Report No. 42. - FY2022AdvancedAnnual report
「Beginning at the start of the following consolidated fiscal year, the Company planned to apply the Practical Solution on Accounting and Disclosure under the Group Tax-Sharing System (Practical Solution Report No. 42, 12 August 2021), which prescribes accounting and disclosure treatments for corporate and local corporate taxes and tax-effect accounting when applying the group tax-sharing system.」
The disclosure states that Practical Solution Report No. 42 is scheduled to be applied from the beginning of the following consolidated fiscal year in connection with the transition to the group tax sharing system. - FY2022-Q2RestatedAnnual 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 matters for which the standalone taxation system was revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the treatment in Paragraph 3 of Practical Solution No. 39, Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax-Sharing System, and do not apply Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The tax effect accounting treatment accompanying the transition to the group tax sharing system continues to be applied, including by domestic consolidated subsidiaries. - FY2021AdvancedAnnual 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 matters for which the standalone taxation system was revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the treatment in Paragraph 3 of Practical Solution No. 39, Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax-Sharing System, and do not apply Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The tax effect accounting treatment accompanying the transition to the group tax sharing system is being applied, including by domestic consolidated subsidiaries. - FY2020First statedAnnual report
「The company and certain domestic consolidated subsidiaries apply the treatment under Paragraph 3 of Practical Solution Report No. 39, Treatment of the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), to amounts of deferred tax assets and deferred tax liabilities relating 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 matters for which the single-entity taxation system was revised in connection with that transition, based on the provisions of the tax laws before the amendments.」
The company newly applied the tax effect accounting treatment accompanying the transition to the group tax sharing system and calculated deferred tax assets and liabilities based on the tax laws before the amendments.