Transition to the Group Tax-Sharing System
First written in FY2023-Q1. 1 of 2 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2020: 3 of 8 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group-wide taxation system from the first quarter of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting follow the Accounting Treatment and Disclosure under the Group-Wide Taxation System.」
The company has continued its transition to the group relief system from the first quarter of the current consolidated fiscal year and the related accounting treatment and disclosures. - FY2023-Q1First statedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate and local corporate taxes and tax-effect accounting follow the Treatment for Accounting and Disclosure When Applying the Group Relief System.」
From the first quarter of the current consolidated fiscal year, the company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system. The impact of the change in accounting policy associated with the transition is considered immaterial.