Application of the consolidated taxation system

「The company and certain consolidated subsidiaries had previously applied the consolidated taxation system, but because they filed notifications during the previous consolidated fiscal year stating that they would not apply the group tax sharing system, they have transitioned to the separate taxation system from the first quarter of the consolidated fiscal year.」

「The company and certain consolidated subsidiaries had previously applied the consolidated taxation system, but because they filed notifications during the previous consolidated fiscal year stating that they would not apply the group tax sharing system, they have transitioned to the separate taxation system from the first quarter of the consolidated fiscal year.」

「The company and certain consolidated subsidiaries had previously applied the consolidated taxation system, but because they filed notifications during the consolidated fiscal year stating that they would not apply the group tax sharing system, they will transition to the separate taxation system from the following consolidated fiscal year.」

「The company and certain domestic consolidated subsidiaries do not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) pursuant to paragraph 3 of Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 separate taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」

「The company and certain domestic consolidated subsidiaries do not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) pursuant to paragraph 3 of Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 separate taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」

「The company and certain domestic consolidated subsidiaries, 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 separate taxation system was revised in connection with that transition, apply the treatment under paragraph 3 of Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020),」

「The company and certain domestic consolidated subsidiaries do not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) pursuant to paragraph 3 of Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 separate taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」

「The company and certain domestic consolidated subsidiaries do not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) pursuant to paragraph 3 of Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 separate taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」

「The company and certain domestic consolidated subsidiaries do not apply paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) pursuant to paragraph 3 of Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 separate taxation system was revised in connection with that transition. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」

「We have applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」

「The consolidated taxation system has been applied from the current consolidated fiscal year.」

「The Company and its domestic consolidated subsidiaries have applied the consolidated taxation system from the first quarter of the current consolidated fiscal year.」