Application of tax-effect accounting following the transition to the group aggregation system
First written in FY2021-Q3. 1 of 3 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
70 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax effect accounting are in accordance with the "Accounting Treatment and Disclosure for Applying the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
The transition from the consolidated taxation system to the group tax sharing system was implemented from the first quarter of the current consolidated fiscal year, and the related accounting treatment and disclosures were applied in practice. - FY2021RestatedAnnual report
「The Company and certain consolidated subsidiaries have transitioned 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 items for which the standalone taxation system was revised in connection with that transition, in accordance with the "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System"」
For tax effect accounting associated with the transition to the group tax sharing system, the Company is reconfirming the treatment based on the relevant practical response report. - FY2021-Q3First statedAnnual report
「The Company and certain consolidated subsidiaries have applied the treatment set out in Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020), for items relating 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 items for which the standalone taxation system was revised in connection with that transition. Accordingly, the Company and those subsidiaries have not applied Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
For tax effect accounting associated with the transition to the group tax sharing system, the Company first disclosed the treatment of calculating deferred tax assets and liabilities based on the tax laws before the amendments, in accordance with the relevant practical response report.