Tax-Effect Accounting Following the Transition From the Consolidated Taxation System to the Group Tax-Sharing System
First written in FY2021-Q2. 2 of 5 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 certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year.」
The company implemented the transition to the group aggregation system from the first quarter accounting period of the current fiscal year, whereas it had described the transition as planned and in preparation through the previous fiscal year. - FY2022AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the next consolidated fiscal year.」
Regarding the transition to the group aggregation system, the company explicitly states that it plans to apply the system from the beginning of the next consolidated fiscal year and continues the treatment of tax effect accounting associated with the transition. - FY2021RestatedAnnual report
「For us and certain domestic consolidated subsidiaries, the amounts of deferred tax assets and deferred tax liabilities are determined based on the provisions of the tax laws before amendment, in accordance with the treatment applicable to tax effect accounting in connection with the transition to the group aggregation system.」
The company continues to calculate deferred tax assets and liabilities based on the tax laws before amendment in connection with the transition to the group aggregation system. - FY2021-Q3RestatedAnnual report
「For us and certain domestic consolidated subsidiaries, with respect to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and the items for which the standalone tax system was revised in connection with that transition, the amounts of deferred tax assets and deferred tax liabilities are determined based on the provisions of the tax laws before amendment, in accordance with paragraph 3 of the Practical Response Report No. 39, “Treatment of Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregation System” (31 March 2020), without applying the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018).」
The company continues to calculate deferred tax assets and liabilities based on the tax laws before amendment in connection with the transition to the group aggregation system. - FY2021-Q2First statedAnnual report
「For us and certain domestic consolidated subsidiaries, with respect to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and the items for which the standalone tax system was revised in connection with that transition, the amounts of deferred tax assets and deferred tax liabilities are determined based on the provisions of the tax laws before amendment, in accordance with paragraph 3 of the Practical Response Report No. 39, “Treatment of Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregation System” (31 March 2020), without applying the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018).」
Regarding tax effect accounting in connection with the transition to the group aggregation system, the company discloses the treatment of calculating deferred tax assets and liabilities based on the tax laws before amendment.