Applying Tax Effect Accounting Following the Transition to the Group Taxation System
First written in FY2021-Q2. 2 of 4 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 consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, they are accounting for and disclosing corporate income taxes, local corporate taxes, and tax effect accounting in accordance with “Accounting and Disclosure Under the Group Tax Sharing System” …」
The company actually transitioned to the group tax sharing system during the first quarter of the current consolidated fiscal year, moving from its previous transition preparations and provisional tax effect accounting treatment to treatment based on Practical Response Report No. 42. - FY2022-Q3RestatedAnnual report
「The company and certain consolidated subsidiaries have applied the transitional provisions in Paragraph 3 of Practical Response Report No. 39, “Treatment of the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (31 March 2020), with respect to the transition to the group tax sharing 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, they have not applied the provisions of Paragraph 44 of the Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
The company continues to disclose its method of applying tax effect accounting in connection with the transition to the group tax sharing system. - FY2021-Q3RestatedAnnual report
「The company and certain consolidated subsidiaries have applied the transitional provisions in Paragraph 3 of Practical Response Report No. 39, “Treatment of the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (31 March 2020), with respect to the transition to the group tax sharing 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, they have not applied the provisions of Paragraph 44 of the Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
The company continues to disclose its method of applying tax effect accounting in connection with the transition to the group tax sharing system. - FY2021-Q2First statedAnnual report
「The company and certain consolidated subsidiaries have applied the transitional provisions in Paragraph 3 of Practical Response Report No. 39, “Treatment of the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (31 March 2020), with respect to the transition to the group tax sharing 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, they have not applied the provisions of Paragraph 44 of the Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
The company disclosed its method of applying tax effect accounting under Practical Response Report No. 39 in connection with the transition to the group tax sharing system.