Application of Partial Amendments to Tax-Effect Accounting Standards
First written in FY2019-Q1. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2025AchievedAnnual report
「We have applied the "Accounting Standard for Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes" (Accounting Standards Board of Japan Statement No. 27, dated 28 October 2022; hereinafter, the "2022 Revised Accounting Standard") and other standards from the beginning of the current consolidated fiscal year.」
The company applied the 2022 amendments to accounting standards and other changes from the beginning of the current consolidated fiscal year and stated that they had no impact on the consolidated financial statements. - FY2021-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for 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 Totaling System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), with respect to the transition to the group totaling system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the standalone taxation system was revised in connection with that transition. Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
The company continues to apply the tax-effect accounting treatment associated with the transition to the group totaling system, calculating deferred tax assets and deferred tax liabilities based on the tax laws before the amendments. - FY2019-Q2RestatedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the consolidated fiscal period. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The company reiterated that it had applied the partial amendments to the tax-effect accounting standards and other changes from the beginning of the first quarter of the consolidated fiscal year, changing the presentation categories for deferred tax assets and liabilities. - FY2019-Q1First statedAnnual report
「The company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The company applied the partial amendments to the tax-effect accounting standards and other changes from the beginning of the first quarter of the current consolidated fiscal year, changing the presentation categories for deferred tax assets and liabilities. The key management indicators and figures for the previous consolidated fiscal year are presented after retrospective application.