Application of Tax-Effect Accounting Accompanying the Transition to the Group Aggregation System
First written in FY2021-Q1. 6 of 8 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
104 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「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 consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate and local corporate taxes and tax-effect accounting are being made in accordance with the "Accounting and Disclosure Under 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 implemented from the first quarter, and the related accounting treatment and disclosures based on Practical Response Report No. 42, remain in effect. - FY2023-Q2RestatedAnnual report
「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 consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate and local corporate taxes and tax-effect accounting are being made in accordance with the "Accounting and Disclosure Under 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 implemented from the first quarter, and the related accounting treatment and disclosures based on Practical Response Report No. 42, remain in effect. - FY2023-Q1AchievedAnnual report
「The company and certain 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 year.」
The transition from the consolidated taxation system to the group tax sharing system was implemented from the beginning of the first quarter of the current consolidated fiscal year. The related accounting and disclosure treatment for corporate income taxes and tax-effect accounting was also applied based on Practical Issues Task Force No. 42. - FY2022-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have not applied paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting to items relating to the transition to the group tax consolidation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the revision of the single-company tax payment system accompanying that transition, pursuant to the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting associated with the transition to the group tax sharing system, the company continues to apply the transitional treatment based on the tax laws before amendment. - FY2022-Q1RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have not applied paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting to items relating to the transition to the group tax consolidation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the revision of the single-company tax payment system accompanying that transition, pursuant to the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting associated with the transition to the group tax sharing system, the company continues to apply the treatment based on Practical Issues Task Force No. 39. - FY2021-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have not applied paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting to items relating to the transition to the group tax consolidation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the revision of the single-company tax payment system accompanying that transition, pursuant to the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the group tax sharing system, the same transitional treatment as in the previous quarter has continued to be applied. - FY2021-Q2RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have not applied paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting to items relating to the transition to the group tax consolidation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the revision of the single-company tax payment system accompanying that transition, pursuant to the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the group tax sharing system, the same transitional treatment as in the previous quarter has continued to be applied. - FY2021-Q1First statedAnnual report
「The company and certain domestic consolidated subsidiaries have not applied paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting to items relating to the transition to the group tax consolidation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the revision of the single-company tax payment system accompanying that transition, pursuant to the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
Regarding tax-effect accounting associated with the transition to the group tax sharing system, the company applies the transitional treatment based on Practical Issues Task Force No. 39 and calculates deferred tax assets and liabilities based on the tax laws before amendment.