Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2022-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q1. 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 taxation system from the beginning of the first quarter of the current consolidated fiscal year.」
The filing states that the transition from the consolidated taxation system to the group taxation system was implemented from the beginning of the first quarter of the current consolidated fiscal year. - FY2022-Q1First statedAnnual report
「With respect to the transition by the company and its consolidated subsidiaries 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 standalone tax filing system was revised in connection with that transition, the provisions of Paragraph 44 of the Guidance on the Application of Accounting Standards for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) were not applied pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting in Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Issues Task Force Report No. 39, 31 March 2020). The amounts of deferred tax assets and deferred tax liabilities were calculated based on the provisions of tax laws before the amendments.」
Regarding tax-effect accounting in connection with the transition to the consolidated group taxation system, the company calculates deferred tax assets and liabilities under the tax provisions applicable before the amendments, based on the Practical Response Report.