Tax-Effect Accounting Following the Transition From the Consolidated Taxation System to the Group Tax-Sharing System
First written in FY2022-Q2. 1 of 3 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2023-Q1AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group relief system from the current first quarter. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Accounting and Disclosure Treatment When Applying the Group Relief System (Practical Response Report No. 42).」
Following the earlier description of the accounting policy associated with the transition, the group actually transitioned to the group relief system from the first quarter of fiscal 2022. - FY2022-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution Report No. 39, "Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020). Accordingly, for items relating 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 for items revised in connection with that transition, the requirements of Paragraph 44 of the Guidance on Accounting Standards for Tax Effect Accounting have not been applied. Deferred tax assets and deferred tax liabilities have instead been measured under the provisions of the tax laws before amendment.」
The accounting treatment for tax-effect accounting associated with the transition to the group relief system is reiterated. - FY2022-Q2First statedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution Report No. 39, "Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020). Accordingly, for items relating 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 for items revised in connection with that transition, the requirements of Paragraph 44 of the Guidance on Accounting Standards for Tax Effect Accounting have not been applied. Deferred tax assets and deferred tax liabilities have instead been measured under the provisions of the tax laws before amendment.」
The disclosure states that, in connection with the transition to the group tax sharing system, deferred tax assets and liabilities are calculated based on the tax laws before amendment for tax effect accounting.