Adoption of partial amendments to the accounting standard for tax-effect accounting
First written in FY2019-Q1. 4 of 7 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 1 of 9 companies on the "Worse" side.
- FY2023-Q1ReframedAnnual report
「The Company and its domestic consolidated subsidiaries transitioned to the single-entity taxation system from the consolidated fiscal year under review. Accordingly, pursuant to paragraphs 33 and 69 of the Treatment of Accounting and Disclosure When Applying the Group Tax Sharing System (Practical Solution Report No. 42, 12 August 2021), the Company has recognized deferred tax assets and deferred tax liabilities from the end of the previous consolidated fiscal year on the assumption that the single-entity taxation system would be applied from the consolidated fiscal year under review.」
The disclosure was updated from the previous explanation of tax-effect accounting related to the transition to the group tax sharing system to cover the transition to the single-entity taxation system during the consolidated fiscal year under review and the resulting recognition of deferred tax assets and liabilities. - FY2021-Q3RestatedAnnual report
「For the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items reviewed in connection with that transition, the Company and its domestic consolidated subsidiaries apply the provisions of the tax laws before amendment to the amounts of deferred tax assets and deferred tax liabilities, in accordance with paragraph 3 of Practical Response Report No. 39, “Accounting and Tax Effect Accounting Treatment for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” without applying paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets.」
The Company continues to apply the tax-effect accounting treatment accompanying the transition to the group relief system. - FY2021-Q2RestatedAnnual report
「For the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items reviewed in connection with that transition, the Company and its domestic consolidated subsidiaries apply the provisions of the tax laws before amendment to the amounts of deferred tax assets and deferred tax liabilities, in accordance with paragraph 3 of Practical Response Report No. 39, “Accounting and Tax Effect Accounting Treatment for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” without applying paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets.」
Regarding tax-effect accounting in connection with the transition to the group tax sharing system, the Company has continued the treatment disclosed in the previous quarter. - FY2021-Q1Application of tax-effect accounting in connection with the transition to the group tax-sharing systemAnnual report
「For the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items reviewed in connection with that transition, the Company and its domestic consolidated subsidiaries apply the provisions of the tax laws before amendment to the amounts of deferred tax assets and deferred tax liabilities, in accordance with paragraph 3 of Practical Response Report No. 39, “Accounting and Tax Effect Accounting Treatment for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” without applying paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets.」
Regarding tax-effect accounting in connection with the transition to the group tax sharing system, the Company has disclosed the treatment of calculating deferred tax assets and liabilities based on the provisions of the tax laws before the amendments, in accordance with Practical Solution Report No. 39. - FY2019RestatedAnnual report
「The Company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards from the beginning of the consolidated fiscal year under review.」
The Company has continued to apply the partial amendments to the accounting standard for tax-effect accounting from the beginning of the consolidated fiscal year under review, with the presentation classification of deferred tax assets and liabilities changed accordingly. - FY2019-Q2RestatedAnnual report
「We have applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The Company has continued to apply the partial amendments to the accounting standard for tax-effect accounting from the beginning of the fiscal year, with the presentation classification of deferred tax assets and liabilities changed accordingly. - FY2019-Q1First statedAnnual report
「The partial revision of the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the current first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The Company applied the revised tax-effect accounting standards from the beginning of the first quarter and changed the presentation of deferred tax assets and liabilities.