Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregation System
First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023-Q2.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2023-Q2RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」
The transition from the consolidated taxation system to the group tax sharing system, together with the resulting changes in the accounting treatment and disclosures for corporate income taxes and deferred tax accounting, continues to be applied. - FY2023-Q1AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the accounting and disclosure of corporate and local taxes and tax-effect accounting comply with the Practical Solution on Accounting and Disclosure When Applying the Group Relief System (Practical Solution Report No. 42, dated 12 August 2021).」
From the first quarter, the company transitioned from the consolidated taxation system to the group tax sharing system and changed its accounting treatment and disclosures for corporate income taxes and deferred tax accounting in accordance with Implementation Guidance Report No. 42. - FY2022-Q2First statedAnnual report
「With respect to the transition by the company and certain domestic consolidated subsidiaries to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Laws (Act No. 8 of 2020), and items for which the standalone taxation system was revised in connection with that transition, we have applied the treatment in Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Aggregation System (Practical Response Report No. 39, dated 31 March 2020). Accordingly, Paragraph 44 of the Implementation Guidance on Tax Effect Accounting has not been applied, and deferred tax assets and liabilities are measured based on the provisions of the tax laws before amendment.」
Regarding deferred tax accounting associated with the transition to the group tax sharing system, deferred tax assets and liabilities are calculated using the provisions of the tax laws before amendment, based on the prescribed implementation guidance report.