Preparation for Applying the Consolidated Taxation System
First written in FY2018-Q3. 1 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2023.
Lixil moved to the "Worse" side of this theme in 2023.
1 other company's latest entry also says "Reframed".
- FY2023ReframedAnnual report
「In the previous consolidated fiscal year, the Company applied the consolidated taxation system with the Company as the consolidated tax parent company, while in the current consolidated fiscal year it is applying the group tax sharing system.」
The tax system change from the consolidated taxation system to the group tax sharing system was applied from the current fiscal year. - FY2019-Q1AchievedAnnual report
「In addition, the Company and certain consolidated subsidiaries have applied the consolidated taxation system since the first quarter of the current consolidated fiscal year.」
The consolidated taxation system, which had been premised on an application for approval in the previous fiscal year, moved to actual application from the first quarter of the current consolidated fiscal year. - FY2018AdvancedAnnual report
「As a result, income tax expense related to continuing operations in the consolidated statement of profit or loss for the fiscal year decreased by ¥4.356 billion, and basic earnings per share increased by ¥15.10.」
The application of tax-effect accounting, based on the planned application for approval of the consolidated taxation system, was reflected in full-year results, increasing income taxes by ¥4,356 million and basic earnings per share by ¥15.10. - FY2018-Q3First statedAnnual report
「Because the Company and certain domestic consolidated subsidiaries applied for approval to use the consolidated taxation system during the third quarter, we applied tax-effect accounting from the third quarter on the assumption that they would join the consolidated taxation system with the Company as the consolidated tax parent. As a result, profit from continuing operations in the condensed interim consolidated statement of profit or loss increased by ¥2.533 billion for both the cumulative nine-month period and the third quarter, basic quarterly earnings per share from continuing operations increased by ¥8.79 for the cumulative nine-month period, and basic quarterly earnings per share from continuing operations increased by ¥8.77 for the third quarter.」
The filing explicitly disclosed for the first time the application of tax-effect accounting on the assumption of applying for approval and joining the consolidated taxation system. As a result, profit from continuing operations for the cumulative nine-month period increased by ¥2.533 billion and basic quarterly earnings per share increased by ¥8.79.