Application of the Revised Tax Effect Accounting Standard
First written in FY2019-Q1. 5 of 9 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2025-H1ReframedAnnual report
「The Company and its domestic consolidated subsidiaries have applied the Accounting Standard for Accounting for Corporate Income Taxes, Resident Taxes and Enterprise Taxes (Accounting Standard No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”) and other standards from the beginning of the current interim consolidated fiscal period.」
In addition to the previous disclosure on tax-effect accounting for the transition to the group tax sharing system, the Company discloses the application of the 2022 Revised Accounting Standard and other standards concerning the classification of corporate income taxes and other items. It states that there was no impact on the financial statements. - FY2023-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Practical Solution on the Accounting Treatment and Disclosure When Applying the Group Tax Sharing System (Practical Solution No. 42, 12 August 2021; hereinafter, “Practical Solution No. 42”).」
The Company continues to apply the transition from the consolidated taxation system to the group tax sharing system and the related accounting treatment and disclosures. - FY2023-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Practical Solution on the Accounting Treatment and Disclosure When Applying the Group Tax Sharing System (Practical Solution No. 42, 12 August 2021; hereinafter, “Practical Solution No. 42”). In accordance with Paragraph 32(1) of Practical Solution No. 42, the impact of the change in accounting policy accompanying the application of Practical Solution No. 42 is deemed to be nil.」
The Company continues to apply the transition from the consolidated taxation system to the group tax sharing system and the related accounting treatment and disclosures. - FY2023-Q1AdvancedAnnual report
「The Company and its 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 consolidated fiscal period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Practical Solution on the Accounting Treatment and Disclosure When Applying the Group Tax Sharing System (Practical Solution No. 42, 12 August 2021; hereinafter, “Practical Solution No. 42”). In accordance with Paragraph 32(1) of Practical Solution No. 42, the impact of the change in accounting policy accompanying the application of Practical Solution No. 42 is deemed to be nil.」
The Company states that it transitioned from the consolidated taxation system to the group tax sharing system during the first quarter of the current consolidated fiscal period, rather than merely preparing for the transition and applying transitional treatment as before. - FY2022-Q1RestatedAnnual report
「For items relating to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and to revisions to the single-company taxation system made in conjunction with that transition, we apply the treatment set out in Paragraph 3 of Practical Solution No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System, without applying Paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets. Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
The Company continues to apply the transitional treatment for tax-effect accounting accompanying the transition to the group tax sharing system. - FY2020ReframedAnnual report
「The Company and its domestic consolidated subsidiaries apply the provisions of the tax laws before the revisions, in accordance with Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting When Transitioning from the Consolidated Taxation System to the Group Tax Sharing System, with respect to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act (Act No. 8 of 2020) and items for which the single-entity taxation system was revised in connection with that transition.」
In addition to the previous disclosure on the revisions to the tax-effect accounting standards, the Company discloses the transitional treatment for tax-effect accounting accompanying the transition to the group tax sharing system. - FY2019-Q3RestatedAnnual report
「The Company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The Company continues to disclose the application of the revised accounting standards for tax-effect accounting and the change in the presentation classification of deferred tax assets and liabilities. - FY2019-Q2RestatedAnnual report
「The Company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The Company continues to disclose the application of the revised accounting standards for tax-effect accounting and the change in the presentation classification of deferred tax assets and liabilities. - FY2019-Q1First statedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting and other relevant standards from the beginning of the first quarter of the current fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The Company has applied the revised accounting standards for tax-effect accounting and other standards from the beginning of the first quarter of the current consolidated fiscal period, and has changed the presentation classification of deferred tax assets and liabilities.