Tax-effect accounting for the transition from the consolidated taxation system to the group aggregation system
First written in FY2021-Q1. 4 of 7 entries say "Restated". 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 consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system beginning with the first quarter of the fiscal year. Accordingly, the accounting treatment and disclosure for corporate tax, local corporate tax and tax effect accounting are prepared in accordance with the Practical Solution on Accounting Treatment and Disclosure When Applying the Group Tax Sharing System (Practical Response Report No. 42, 12 August 2021; hereinafter, “Practical Response Report No. 42”).」
The transition to the group aggregation system, which began in the first quarter, and the accounting treatment and disclosure based on Practical Response Report No. 42 have continued. - FY2023-Q1AchievedAnnual report
「The Company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system beginning with the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate tax, local corporate tax and tax effect accounting are prepared in accordance with the Practical Solution on Accounting Treatment and Disclosure When Applying the Group Tax Sharing System (Practical Response Report No. 42, 12 August 2021; hereinafter, “Practical Response Report No. 42”).」
The company began applying the transition to the Group Tax Sharing System and the accounting treatment and disclosures based on Practical Solution Report No. 42 from the first quarter of the current fiscal year, rather than from the following fiscal year as previously planned. - FY2022Scheduled to apply the Group Tax Sharing System from the following fiscal yearAnnual report
「The company plans to apply from the beginning of the following consolidated fiscal year the Practical Response Report No. 42, “Accounting and Disclosure under the Group Tax Sharing System” (12 August 2021), which prescribes the accounting and disclosure treatment for corporate and local corporate taxes and tax-effect accounting when applying the group tax sharing system.」
In addition to the existing tax effect accounting treatment related to the transition to the Group Tax Sharing System, the company indicated that it planned to apply Practical Solution Report No. 42 from the beginning of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「The Company and its consolidated subsidiaries apply the treatment prescribed in Paragraph 3 of the Practical Response Report No. 39, "Accounting for Tax Effect Accounting When Transitioning from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), to items for which the single-entity taxation system was revised in connection with the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). Accordingly, they do not apply the provisions of Paragraph 44 of the Guidance on Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculate deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
In connection with the transition to the Group Tax Sharing System, the company reaffirmed the treatment of calculating deferred tax assets and liabilities under the pre-amendment tax laws. - FY2022-Q1RestatedAnnual report
「Pursuant to paragraph 3 of the Practical Solution on the Accounting Treatment in Transitioning from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020), the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied, and the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
In connection with the transition to the Group Tax Sharing System, the company reaffirmed the treatment of calculating deferred tax assets and liabilities under the pre-amendment tax laws. - FY2021-Q3RestatedAnnual report
「Pursuant to paragraph 3 of the Practical Solution on the Accounting Treatment for Applying Tax Effect Accounting in Transitioning from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020), the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied, and the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the Group Tax Sharing System, the company reaffirmed the treatment of calculating deferred tax assets and liabilities under the pre-amendment tax laws. - FY2021-Q1First statedAnnual report
「Pursuant to paragraph 3 of the Practical Solution on the Accounting Treatment for Applying Tax Effect Accounting in Transitioning from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020), the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied, and the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the Group Tax Sharing System, the company newly disclosed that, based on the Practical Solution Report, deferred tax assets and liabilities would be calculated under the pre-amendment tax laws.