Applying Tax Effect Accounting Following the Transition to the Group Taxation System
First written in FY2021-Q3. 2 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「During the current consolidated fiscal year, the Company submitted a notification to the head of the relevant tax office stating that it would not transition to the group taxation system. Accordingly, the Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the stand-alone taxation system from the following consolidated fiscal year.」
The Company changed its policy from the previous treatment based on the assumption of a transition to the group taxation system, filing a notification that it would not transition and moving to the stand-alone taxation system from the following fiscal year. - FY2022-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 Company reconfirmed its accounting policy under Practical Response Report No. 39 for tax-effect accounting associated with the transition to the group taxation system. - FY2021RestatedAnnual report
「For matters relating to the transition to the consolidated taxation group system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the separate taxation system was revised in connection with that transition, the company and certain domestic consolidated subsidiaries,」
The Company reconfirmed its accounting policy under Practical Response Report No. 39 for tax-effect accounting associated with the transition to the group taxation system. - FY2021-Q3First statedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and items for which the single-entity taxation system was reviewed in connection with that transition, the provisions of Paragraph 44 of the Implementation Guidance on Accounting Standard for Tax-Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied under Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System" (31 March 2020), and the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions.」
Regarding tax-effect accounting associated with the transition to the group taxation system, the Company first stated that deferred tax assets and other items would be measured under the provisions of the tax laws before the amendments, based on Practical Response Report No. 39.