Adoption of Revised Tax Effect Accounting Standards and Change in Presentation
First written in FY2019-Q1. 2 of 4 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「The Accounting Standard for Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes (Accounting Standards Board of Japan Statement No. 27, 28 October 2022, hereinafter the "2022 Revised Accounting Standard") and related standards have been applied from the beginning of the interim consolidated accounting period. The amendments concerning the presentation of income taxes and other taxes, including taxes on other comprehensive income, have been applied in accordance with the transitional treatment prescribed in the proviso to paragraph 20-3 of the 2022 Revised Accounting Standard and the transitional treatment prescribed in the proviso to paragraph 65-2(2) of the Guidance on the Application of Tax Effect Accounting (Accounting Standards Board of Japan Guidance No. 28, 28 October 2022, hereinafter the "2022 Revised Guidance"). There is no impact of this change in accounting policy on the interim consolidated financial statements.」
The 2022 amendments to the accounting standards on income taxes and the implementation guidance on tax-effect accounting were applied from the beginning of the current interim consolidated accounting period. The transitional treatment was applied, and there was no impact on the financial statements. - FY2020RestatedAnnual report
「The Partial Amendments to Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and other relevant standards have been applied from the beginning of the 59th fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The revised standards on tax-effect accounting have been applied from the beginning of the 59th fiscal year, continuing to show that the presentation classifications of deferred tax assets and liabilities were changed. - FY2019-Q2RestatedAnnual report
「We have applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28, 16 February 2018) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The revised standards on tax-effect accounting were applied from the beginning of the first quarter consolidated accounting period, reaffirming that the presentation classifications of deferred tax assets and liabilities had been changed. - FY2019-Q1First statedAnnual report
「We have applied the Partial Amendments to Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The revised standards on tax-effect accounting were applied from the beginning of the first quarter consolidated accounting period, and the company stated for the first time that the presentation classifications of deferred tax assets and liabilities had been changed.