Response to Changes in Accounting Policies Arising from Tax Reforms and Other Changes
First written in FY2017-Q1. 10 of 12 entries say "Restated". Latest entry: FY2022-Q2.
3 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「The Company adopted the “Accounting Standard for Fair Value Measurement” and other standards from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment under Paragraph 19 of the standard and Paragraph 44-2 of the “Accounting Standard for Financial Instruments,” the new accounting policies prescribed by the standards will be applied prospectively. There is no impact on the quarterly consolidated financial statements.」
The company continues to apply the Fair Value Measurement Accounting Standard and other standards applied from the beginning of the first quarter of the consolidated fiscal period, and states that there was no impact on the quarterly consolidated financial statements. - FY2022-Q1RestatedAnnual report
「We applied the Accounting Standard for Fair Value Measurement and related standards from the beginning of the first quarter of the consolidated fiscal year. In accordance with the transitional treatment under paragraph 19 of the standard and paragraph 44-2 of the Accounting Standard for Financial Instruments, the new accounting policies prescribed by the standards are being applied prospectively. There is no impact on the quarterly consolidated financial statements.」
In connection with existing accounting-standard-related matters, the accounting standard for fair value measurement and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. It is stated that there is no impact on the financial statements. - FY2021RestatedAnnual report
「For buildings and building fixtures and structures, the declining-balance method is used for assets acquired on or before 31 March 2016, and the straight-line method for those acquired on or after 1 April 2016.」
The change in depreciation methods for building fixtures and structures resulting from tax law revisions has been applied continuously as an accounting policy. - FY2019RestatedAnnual report
「The company has applied the "Accounting Standard for Current Income Taxes" (ASBJ Statement No. 27, 28 October 2022) and other standards from the beginning of the 87th interim consolidated fiscal year. Key management indicators and other information for the 86th interim consolidated fiscal year and the 86th consolidated fiscal year reflect the retrospective application of these accounting standards and related guidance.」
The changes in presentation classifications and notes resulting from revisions to the accounting standard for tax effect accounting have also been applied in the current fiscal year. - FY2019-Q3RestatedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The disclosure continues to state that, following revisions to standards related to tax-effect accounting and other changes, the presentation classifications of deferred tax assets and liabilities were changed effective from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q2RestatedAnnual report
「We applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The disclosure continues to state that, following revisions to standards related to tax-effect accounting and other changes, the presentation classifications of deferred tax assets and liabilities were changed effective from the beginning of the first quarter of the consolidated fiscal year. - FY2019-Q1AdvancedAnnual report
「We have applied the partial amendments to the Accounting Standard for Tax Effect Accounting and related standards from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The revised tax effect accounting standards were applied from the beginning of the first quarter, changing the presentation of deferred tax assets and liabilities. - FY2018RestatedAnnual report
「For buildings and building fixtures and structures, the declining-balance method is used for assets acquired on or before 31 March 2016, and the straight-line method for those acquired on or after 1 April 2016.」
The change in depreciation methods for building fixtures and structures resulting from tax law revisions has been applied continuously as an accounting policy. - FY2017RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) during the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The company states that the change in the depreciation method resulting from tax reforms was also applied in the current consolidated fiscal year. - FY2017-Q3RestatedAnnual report
「Following revisions to the Corporation Tax Act, we applied the Practical Response Report No. 32, Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform, from the first quarter of the consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The change in the depreciation method resulting from tax reforms, applied from the first quarter, continues to be disclosed in the third quarter. - FY2017-Q2RestatedAnnual report
「Following revisions to the Corporation Tax Act, we applied the Practical Response Report No. 32, Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform, from the first quarter of the consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The change in the depreciation method resulting from tax reforms, applied from the first quarter, continues to be disclosed in the second quarter. - FY2017-Q1First statedAnnual report
「Following the amendment of the Corporation Tax Act, we applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) in the first quarter of the current consolidated fiscal year, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. We have also applied the Implementation Guidance on the Recoverability of Deferred Tax Assets (Accounting Standards Implementation Guidance No. 26, 28 March 2016) from the first quarter of the current consolidated fiscal year.」
The company changed its depreciation method following the amendment of the Corporation Tax Act and applied the implementation guidance on the recoverability of deferred tax assets.