More efficient quarterly tax expense calculations through the application of the consolidated taxation system
First written in FY2018-Q1. 14 of 18 entries say "Restated". Latest entry: FY2025-H1.
107 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Income tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year including the interim consolidated accounting period, and multiplying interim profit before income taxes by the estimated effective tax rate.」
Following the transition to the group relief system, the calculation of interim-period tax expense using an estimated effective tax rate continues. - FY2024-Q3RestatedAnnual report
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
The calculation of quarterly tax expense using an estimated effective tax rate continues to be applied. - FY2023-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting follow the treatment of accounting and disclosure when applying the group tax sharing system.」
The transition to the group relief system implemented from the first quarter of FY2023, together with the associated accounting treatment and disclosures, continues to be applied. - FY2023-Q1AchievedAnnual report
「The company and its domestic consolidated subsidiaries 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 transition from the consolidated taxation system to the group relief system, scheduled from FY2022, is being implemented beginning with the first quarter of the current consolidated fiscal year. - FY2022ReframedAnnual report
「The Company and its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group-sharing system from the following consolidated fiscal year.」
The transition from continued operation of the consolidated taxation system to application of the group relief system in the following consolidated fiscal year has entered its implementation phase. - FY2022-Q3RestatedAnnual report
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
During the transition from the consolidated taxation system to the group relief system, the calculation of quarterly tax expense using an estimated effective tax rate continues. - FY2022-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate, after applying tax-effect accounting, on pretax income for the consolidated fiscal year that includes the second quarter, and multiplying pretax quarterly income by the estimated effective tax rate.」
During the transition from the consolidated taxation system to the group relief system, the calculation of quarterly tax expense using an estimated effective tax rate continues. - FY2021RestatedAnnual report
「The Company and its domestic consolidated subsidiaries calculate deferred tax assets and deferred tax liabilities based on the provisions of tax laws before the amendments, in accordance with paragraph 3 of “Accounting Treatment for the Application of Tax Effect Accounting Associated with the Transition from the Consolidated Taxation System to the Group Relief System,” for the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and for items subject to the revision of the single-taxation system accompanying that transition.」
The Company continues to apply the tax-effect accounting treatment associated with the transition from the consolidated taxation regime to the group aggregation system. - FY2021-Q3RestatedAnnual report
「For tax expenses, we estimate on a reasonable basis the effective tax rate after applying tax-effect accounting to income before income taxes for the consolidated fiscal year that includes the consolidated accounting period for the third quarter under review, and calculate quarterly income taxes by multiplying income before income taxes for the quarter by that estimated effective tax rate.」
During the transition from the consolidated taxation system to the group relief system, the calculation of quarterly tax expense using an estimated effective tax rate continues. - FY2021-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries apply the treatment under Paragraph 3 of “Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (Practical Response Report No. 39, 31 March 2020) to deferred tax assets and deferred tax liabilities for items established under the group tax sharing system created by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the single-entity taxation system accompanying the transition to the group tax sharing system. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the tax laws before amendment.」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group relief system continues to be applied. - FY2021-Q1ReframedAnnual report
「The company and its domestic consolidated subsidiaries apply the treatment under Paragraph 3 of “Treatment of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (Practical Response Report No. 39, 31 March 2020) to deferred tax assets and deferred tax liabilities for items established under the group tax sharing system created by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the single-entity taxation system accompanying the transition to the group tax sharing system. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the tax laws before amendment.」
In addition to the existing operation of the consolidated taxation system, the tax-effect accounting treatment associated with the transition to the group relief system is being applied. - FY2020-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the nine-month consolidated period ended 31 December, and multiplying pretax quarterly income by that estimated effective tax rate.」
The calculation of quarterly tax expense using an estimated effective tax rate based on the consolidated taxation system continues. - FY2019-Q3RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year, including the cumulative consolidated third quarter, and multiplying quarterly profit before income taxes by the estimated effective tax rate.」
The calculation of quarterly tax expense using an estimated effective tax rate based on the consolidated taxation system continues. - FY2019-Q2RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the six-month consolidated period ended 30 September, and multiplying pretax quarterly income by that estimated effective tax rate.」
The calculation of tax expense using an estimated effective tax rate based on the consolidated taxation system applied from the first quarter continues. - FY2019-Q1RestatedAnnual report
「Tax expense is calculated by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year including the nine-month consolidated period ended 31 December, and multiplying pretax quarterly income by that estimated effective tax rate.」
The calculation of tax expense using an estimated effective tax rate based on the consolidated taxation system applied from the first quarter continues to be used. - FY2018-Q3RestatedAnnual report
「Previously, the Company and its domestic subsidiaries calculated income taxes using the same method as for annual financial statements. However, because the consolidated tax payment system was applied from the first three-month consolidated accounting period, the Company began calculating tax expense from that period, to streamline quarterly closing, by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and multiplying pretax quarterly income by that estimated effective tax rate.」
The consolidated taxation system and the calculation of tax expense using an estimated effective tax rate, both applied from the first quarter, continue to be used. - FY2018-Q2RestatedAnnual report
「Previously, the Company and its domestic subsidiaries calculated income taxes using the same method as for annual financial statements. However, because the consolidated tax payment system was applied from the first three-month consolidated accounting period, the Company began calculating tax expense from that period, to streamline quarterly closing, by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and multiplying pretax quarterly income by that estimated effective tax rate.」
The consolidated taxation system and the calculation of tax expense using an estimated effective tax rate, both applied from the first quarter, continue to be used. - FY2018-Q1First statedAnnual report
「Previously, the Company and its domestic subsidiaries calculated income taxes using the same method as for annual financial statements. However, because the consolidated tax payment system was applied from the three-month consolidated accounting period ended 30 June, the Company began calculating tax expense from that period, to streamline quarterly closing, by reasonably estimating the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and multiplying pretax quarterly income by that estimated effective tax rate.」
Beginning this quarter, the consolidated taxation system was applied and the calculation of tax expense was changed to use an estimated effective tax rate.