Application of Tax Effect Accounting following the Transition to the Group Tax-Sharing System
First written in FY2021-Q2. 3 of 6 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
70 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year.」
The company implemented the transition to the group tax-sharing system from the first quarter of the current fiscal year, which had been presented as planned in the previous fiscal year. - FY2022AdvancedAnnual report
「The company plans to apply, from the beginning of the following consolidated fiscal year, the Practical Response Report on Accounting Treatment and Disclosure for Applying the Group Tax-Sharing System (Practical Response Report No. 42, 12 August 2021), which prescribes the accounting treatment and disclosure requirements for corporate income tax, local corporate tax and tax-effect accounting when the group tax-sharing system is applied.」
The company explicitly states that it plans to apply the new accounting treatment and disclosure requirements for the transition to the group tax-sharing system from the beginning of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「For 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 subject to revisions to the single-company tax payment system accompanying that transition, the company and certain domestic consolidated subsidiaries have, pursuant to the Practical Response Report on the Application of Tax Effect Accounting Related to the Transition from the Consolidated Tax Payment System to the Group Tax-Sharing System」
The company continues to disclose the tax-effect accounting treatment associated with the transition to the group tax-sharing system. - FY2022-Q2RestatedAnnual report
「For 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 subject to revisions to the single-company tax payment system accompanying that transition, the company and certain domestic consolidated subsidiaries have, pursuant to the Practical Response Report on the Application of Tax Effect Accounting Related to the Transition from the Consolidated Tax Payment System to the Group Tax-Sharing System」
The company continues to disclose the tax-effect accounting treatment associated with the transition to the group tax-sharing system. - FY2021-Q3RestatedAnnual report
「For 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 subject to revisions to the single-company tax payment system accompanying that transition, the company and certain domestic consolidated subsidiaries have, pursuant to the Practical Response Report on the Application of Tax Effect Accounting Related to the Transition from the Consolidated Tax Payment System to the Group Tax-Sharing System」
The company continues to disclose the tax-effect accounting treatment associated with the transition to the group tax-sharing system. - FY2021-Q2First statedAnnual report
「For 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 subject to revisions to the single-company tax payment system accompanying that transition, the company and certain domestic consolidated subsidiaries have, pursuant to paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Tax Payment System to the Group Tax-Sharing System (31 March 2020), applied the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) without applying the revised provisions, and have measured deferred tax assets and deferred tax liabilities based on the tax laws in effect before the revisions.」
The company discloses the accounting treatment of measuring deferred tax assets and liabilities under the tax laws in effect before the revisions in connection with the transition to the group tax-sharing system.