Application of Tax-Effect Accounting Following the Transition to the Group Tax-Sharing System
First written in FY2021-Q1. 4 of 6 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
71 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company and its consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system beginning with the first quarter of the current consolidated fiscal year. Accordingly, the accounting and disclosure of corporate tax, local corporate tax and tax effect accounting are conducted in accordance with the “Accounting and Disclosure Treatment When Applying the Group Relief System” (Practical Response Report No. 42, 12 August 2021).」
Beginning with the first quarter of the current fiscal year, the company actually transitioned from the previous transition-preparation and transitional tax-effect accounting treatment to the group tax sharing system and began applying and disclosing the treatment under Practical Solution No. 42. - FY2022RestatedAnnual 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries ... measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The accounting treatment accompanying the transition to the group tax sharing system has continued to be applied. - FY2022-Q3RestatedAnnual 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries ... measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The tax-effect accounting treatment associated with the transition to the group relief system continues to apply. - FY2021-Q3RestatedAnnual 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
The treatment of tax-effect accounting in connection with the transition to the group tax sharing system continues to be disclosed. - FY2021-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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
The treatment of tax-effect accounting in connection with the transition to the group tax sharing system continues to be disclosed. - FY2021-Q1First statedAnnual 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 items for which the single-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
For tax-effect accounting in connection with the transition to the group tax sharing system, the company applies a treatment under which deferred tax assets and liabilities for certain items are calculated based on the tax laws before amendment.