Transition from the Consolidated Taxation System to the Group Tax-Sharing System
First written in FY2021-Q1. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
71 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries changed from the consolidated taxation system to the group relief system from the first quarter of the current fiscal year.」
The transition to the group relief system, which had been scheduled in the previous consolidated fiscal year to begin in the following fiscal year, was implemented from the first quarter of the current fiscal year. - FY2022AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the next consolidated fiscal year.」
The company specified that the group relief system would be applied from the following consolidated fiscal year, moving preparations for the transition from the planning stage to the stage immediately preceding application. - FY2021-Q1First statedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The company disclosed for the first time its treatment of tax-effect accounting in connection with the transition to the group relief system and applied the method of calculating deferred tax assets and liabilities based on the tax law before its amendment.