Tax-Effect Accounting Following the Transition to the Group Tax-Sharing System
First written in FY2022-Q1. 1 of 3 entries say "Advanced", first in FY2022. 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 domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year.」
The company transitioned to the consolidated taxation system from the current first quarter of the consolidated fiscal year, rather than from the next consolidated fiscal year as planned in the previous fiscal year. - FY2022AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the next consolidated fiscal year.」
The transition to the consolidated taxation system is scheduled to take place from the next consolidated fiscal year, and the company has applied the tax-effect accounting treatment associated with the transition. - FY2022-Q1First statedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting in connection with the transition to the consolidated taxation system, the company for the first time described the treatment under which deferred tax assets and liabilities are calculated based on the tax law before its amendment.