Tax-effect accounting for the transition from the consolidated taxation system to the group aggregation system
First written in FY2021. 7 of 10 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
105 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「From the first quarter of the current fiscal year, the Company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system. Accordingly, the accounting and disclosure treatment for corporate income taxes, local corporate taxes and tax-effect accounting is conducted in accordance with the "Accounting and Disclosure Treatment When Applying the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
We continue to apply the accounting treatment and disclosures based on Practical Response Report No. 42, following the transition to the group-wide tax consolidation system implemented from the first-quarter consolidated accounting period. - FY2024-Q1AchievedAnnual report
「The company and its consolidated subsidiaries have changed from the previously applied consolidated taxation system to the group aggregation system, effective from the first quarter of the current consolidated fiscal year.」
The transition to the group tax sharing system, which had been scheduled for application from the beginning of the following consolidated fiscal year in the previous fiscal year, was implemented from the current first-quarter consolidated accounting period. - FY2023AdvancedAnnual report
「The company plans to apply from the beginning of the following consolidated fiscal year the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 42, 12 August 2021), which prescribes the accounting treatment and disclosure for corporate income taxes, local corporate taxes and deferred taxes when applying the group tax sharing system.」
The company specifically stated that the accounting treatment for deferred taxes associated with the transition to the group tax sharing system is scheduled to be applied from the beginning of the following consolidated fiscal year. - FY2023-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries apply, under paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 39, 31 March 2020), to the transition to the group tax sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the single-entity tax payment system was reviewed in conjunction with the transition to the group tax sharing system,」
The accounting treatment for deferred taxes associated with the transition to the group tax sharing system continues to be disclosed in the additional information for the current third quarter. - FY2023-Q1RestatedAnnual report
「The company and its domestic consolidated subsidiaries apply, under paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 39, 31 March 2020), to the transition to the group tax sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the single-entity tax payment system was reviewed in conjunction with the transition to the group tax sharing system」
The accounting treatment for deferred taxes associated with the transition to the group tax sharing system continues to be disclosed in the additional information for the current first quarter. - FY2022RestatedAnnual report
「Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System」
The company continues to disclose its accounting treatment for tax effects in connection with the transition to the group tax sharing system. - FY2022-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries apply, under paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 39, 31 March 2020), to the transition to the group tax sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the single-entity tax payment system was reviewed in conjunction with the transition to the group tax sharing system,」
The accounting treatment for deferred taxes associated with the transition to the group tax sharing system continues to be disclosed as additional information. - FY2022-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries apply, under paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 39, 31 March 2020), to the transition to the group tax sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the single-entity tax payment system was reviewed in conjunction with the transition to the group tax sharing system,」
The accounting treatment for deferred taxes associated with the transition to the group tax sharing system continues to be disclosed in additional information. - FY2022-Q1RestatedAnnual report
「The company and its domestic consolidated subsidiaries apply, under paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 39, 31 March 2020), to the transition to the group tax sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the single-entity tax payment system was reviewed in conjunction with the transition to the group tax sharing system,」
The accounting treatment for deferred taxes associated with the transition to the group tax sharing system continues to be disclosed in additional information. - FY2021First statedAnnual report
「The company and its domestic consolidated subsidiaries apply, under paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (ASBJ PITF No. 39, 31 March 2020), to the transition to the group tax sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the single-entity tax payment system was reviewed in conjunction with the transition to the group tax sharing system,」
For accounting treatment of deferred tax assets and liabilities associated with the transition to the group tax sharing system, the company disclosed for the first time that treatment based on the provisions of tax laws before amendment would be applied.