Accelerating and streamlining the quarterly closing process through adoption of the consolidated taxation system
First written in FY2017-Q2. 11 of 16 entries say "Restated". Latest entry: FY2024-Q3.
80 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current third-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
Even after the transition to the group aggregation system, the company continues to calculate quarterly tax expense using the estimated effective tax rate. - FY2024-Q2RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current second-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
Even after the transition from the consolidated taxation system to the group aggregation system, the company continues to calculate quarterly tax expense using the estimated effective tax rate. - FY2023-Q1AchievedAnnual report
「We and certain consolidated subsidiaries have transitioned from the consolidated taxation system to the group relief system from the beginning of the first quarter of the current consolidated fiscal year.」
The transition from the consolidated taxation system to the group aggregation system, which had been planned for the previous fiscal year, was implemented from the current first-quarter consolidated accounting period. - FY2022AdvancedAnnual report
「Beginning at the start of the following consolidated fiscal year, the Company planned to apply the Practical Solution on Accounting and Disclosure under the Group Tax-Sharing System (Practical Solution Report No. 42, 12 August 2021), which prescribes accounting and disclosure treatments for corporate and local corporate taxes and tax-effect accounting when applying the group tax-sharing system.」
The company indicated that it plans to apply the relevant accounting and disclosure treatment for the transition from the consolidated taxation system to the group aggregation system from the beginning of the following consolidated fiscal year. - FY2021RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current second-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate under the consolidated taxation system. - FY2021-Q2RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current second-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to use its method of calculating tax expense following the application of the consolidated taxation system and the transition to the group aggregation system. - FY2021-Q1ReframedAnnual report
「The company and certain of its domestic consolidated subsidiaries apply the treatment under Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Response Report No. 39, 31 March 2020) to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020), and to items for which the standalone taxation system was revised in connection with that transition,」
In addition to the existing application of the consolidated taxation system, the company applies the transitional treatment under tax-effect accounting associated with the transition to the group aggregation system. - FY2020-Q1RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current second-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2019-Q2RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current third-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2019-Q1RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current second-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2018-Q4RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current first-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2018RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current third-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2018-Q2RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current third-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2018-Q1RestatedAnnual report
「The company and its consolidated subsidiaries calculate tax expense by reasonably estimating the effective tax rate, after applying tax-effect accounting, to pretax income for the consolidated fiscal year that includes the current second-quarter consolidated accounting period, and multiplying pretax quarterly income by that estimated effective tax rate.」
The company continues to calculate quarterly tax expense using the estimated effective tax rate following the application of the consolidated taxation system. - FY2017AchievedAnnual report
「The company and certain consolidated subsidiaries have applied the consolidated taxation system from the current fiscal year.」
The company began applying the consolidated taxation system from the current fiscal year, completing the change in accounting method intended to enable a prompt and efficient response to quarterly financial reporting. - FY2017-Q2First statedAnnual report
「Tax expenses had previously been calculated using the same method as for the annual financial statements. Following the adoption of the consolidated taxation system from the first quarter, we changed the method from the first quarter to estimate a reasonable effective tax rate after applying tax-effect accounting to pre-tax income for the consolidated fiscal year, and calculate pre-tax quarterly net income by multiplying it by the estimated effective tax rate, in order to respond to quarterly financial reporting more promptly and efficiently.」
From the first quarter, the company began applying the consolidated taxation system and changed to calculating quarterly tax expense using the estimated effective tax rate. The company stated that the change was intended to enable a prompt and efficient response to quarterly financial reporting.