Applying Tax Effect Accounting Following the Transition to the Group Taxation System
First written in FY2021-Q1. 4 of 6 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
105 other companies' latest entry also says "Restated".
- 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. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」
The company continues to apply the accounting treatment and disclosure required under Practical Response Report No. 42 following the transition to the group tax-sharing system from the first quarter. - FY2023-Q1AdvancedAnnual 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 fiscal year.」
The transition to the group tax-sharing system was implemented in the first quarter of the current consolidated fiscal year, replacing the previous treatment for transition preparations and transitional tax-effect accounting. - FY2022-Q3RestatedAnnual report
「With respect to the transition by the company and certain domestic consolidated subsidiaries to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Laws (Act No. 8 of 2020), and items for which the standalone taxation system was revised in connection with that transition, we have applied the treatment in Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Aggregation System (Practical Response Report No. 39, dated 31 March 2020). Accordingly, Paragraph 44 of the Implementation Guidance on Tax Effect Accounting has not been applied, and deferred tax assets and liabilities are measured based on the provisions of the tax laws before amendment.」
For tax-effect accounting related to the transition to the group tax-sharing system, the company continues to calculate the amounts based on the tax laws before their amendment. - FY2022-Q2RestatedAnnual report
「The company and certain domestic consolidated subsidiaries calculate deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before their amendment for 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), as well as for items subject to revisions to the single-entity tax payment system accompanying that transition.」
For tax-effect accounting related to the transition to the group tax-sharing system, the company continues to calculate the amounts based on the tax laws before their amendment. - FY2022-Q1RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, pursuant to Paragraph 3 of the Practical Solution on the Accounting and Tax Treatment of the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Solution No. 39, 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 the revisions to the single-entity taxation system made in conjunction with that transition.」
For tax-effect accounting related to the transition to the group tax-sharing system, the company continues to calculate deferred tax assets and liabilities based on the tax laws before their amendment. - FY2021-Q1First statedAnnual report
「With respect to the transition by the company and certain domestic consolidated subsidiaries to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Laws (Act No. 8 of 2020), and items for which the standalone taxation system was revised in connection with that transition, we have applied the treatment in Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Aggregation System (Practical Response Report No. 39, dated 31 March 2020). Accordingly, Paragraph 44 of the Implementation Guidance on Tax Effect Accounting has not been applied, and deferred tax assets and liabilities are measured based on the provisions of the tax laws before amendment.」
For tax-effect accounting related to the transition to the group tax-sharing system, the company describes the treatment of calculating deferred tax assets and liabilities based on the tax laws before their amendment.