Tax-effect accounting treatment accompanying the transition to the group-wide tax consolidation system

「The Company and certain domestic consolidated subsidiaries are transitioning from the consolidated taxation system to the group tax-sharing system from the current consolidated fiscal year.」

「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax effect accounting are made in accordance with Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 42, 12 August 2021).」

「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax effect accounting are made in accordance with Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 42, 12 August 2021).」

「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from 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 are made in accordance with Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 42, 12 August 2021).」

「The Company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) to 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), including items for which the single-company taxation system was reviewed in connection with the transition. Under paragraph 3 of Accounting Treatment for Applying Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), the amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the amendments.」

「The Company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) to 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), including items for which the single-company taxation system was reviewed in connection with the transition. Under paragraph 3 of Accounting Treatment for Applying Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), the amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the amendments.」

「The Company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) to 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), including items for which the single-company taxation system was reviewed in connection with the transition. Under paragraph 3 of Accounting Treatment for Applying Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), the amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the amendments.」

「The Company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) to 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), including items for which the single-company taxation system was reviewed in connection with the transition. Under the accounting treatment prescribed in Accounting Treatment for Applying Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), the amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the amendments.」

「The Company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) to 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), including items for which the single-company taxation system was reviewed in connection with the transition. Under the accounting treatment prescribed in Accounting Treatment for Applying Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), the amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the amendments.」

「The Company and certain domestic consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) to 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), including items for which the consolidated taxation system was reviewed in connection with the transition. Under the accounting treatment prescribed in paragraph 3 of Accounting Treatment for Applying Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020), the amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the amendments.」