Application of Amendments to the Accounting Standard for Tax Effect Accounting, etc.
First written in FY2019-Q2. 5 of 10 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
- FY2025-H1AdvancedAnnual report
「The Company adopted the Accounting Standard for Corporate Income Taxes, Local Taxes and Enterprise Taxes and related standards from the beginning of the current interim consolidated accounting period.」
The Company applied the amended accounting standards concerning the classification of corporate income taxes and the tax treatment of gains and losses on sales of subsidiary shares between consolidated companies from the beginning of the current interim consolidated accounting period. - FY2023-Q3RestatedAnnual 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 Company continues to apply the transition to the Group Tax Sharing System, which began in the first quarter, and the related tax-effect accounting treatments and disclosures. - 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 Company continues to apply the transition to the Group Tax Sharing System, which began in the first quarter, and the related tax-effect accounting treatments and disclosures. - FY2023-Q1AchievedAnnual 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).」
Although the Group Tax Sharing System had been scheduled for application through the previous fiscal year, the Company actually transitioned to the system from the current first quarter and applied the related accounting treatments and disclosures for corporate and local corporate taxes and tax-effect accounting. - FY2022AdvancedAnnual report
「In addition, from the beginning of the following consolidated fiscal year, the Company plans to apply the Practical Response Report No. 42, “Accounting and Disclosure under the Group Tax Sharing System,” which sets out the accounting treatment and disclosure requirements for corporate income taxes, local corporate taxes and tax-effect accounting when applying the Group Tax Sharing System.」
The Company has specified its plan to apply new accounting and disclosure treatments for tax-effect accounting from the beginning of the following consolidated fiscal year in response to the Group Tax Sharing System. - FY2021-Q3RestatedAnnual 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.」
The accounting treatment accompanying the transition to the group tax sharing system has continued to be applied. - FY2021-Q2RestatedAnnual report
「Our company and certain domestic consolidated subsidiaries have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, pursuant to Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System, 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.」
The tax-effect accounting treatment associated with the transition to the group consolidation system continues to be applied in the quarterly financial statements. - FY2021-Q1ReframedAnnual 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.」
In addition to applying the previous revisions to the tax-effect accounting standards, the company has applied the tax-effect accounting treatment associated with the transition to the group consolidation system. - FY2019RestatedAnnual report
「Application of the partial amendment to the Accounting Standard for Tax Effect Accounting from the beginning of the current consolidated fiscal year, with deferred tax assets presented under Investments and Other Assets and deferred tax liabilities under Non-current Liabilities」
The change in the presentation classifications of deferred tax assets and liabilities resulting from the revised tax-effect accounting standards continues to be applied in the full-year financial statements. - FY2019-Q2First statedAnnual report
「We have applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first-quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The company applied the revisions to the tax-effect accounting standards and other changes from the beginning of the first quarter and changed the presentation classifications of deferred tax assets and liabilities.