Change in the Method for Calculating Interim Tax Expense at Certain Consolidated Subsidiaries
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026-H1.
0 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「Previously, the company's tax expenses were calculated using the same method as for the annual financial statements. From the current interim consolidated accounting period, the company has changed to a method under which it reasonably estimates the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and multiplies pretax interim income by that estimated effective tax rate.」
The company has expanded the scope of application, from the current interim period, of the estimated effective tax rate method for interim tax expenses introduced at certain consolidated subsidiaries in the previous fiscal year. - FY2025-H1First statedAnnual report
「Previously, tax expenses were calculated using the same method as for the annual financial statements. From the current interim consolidated accounting period, certain consolidated subsidiaries have changed to a method under which they reasonably estimate the effective tax rate after applying tax-effect accounting to pretax income for the consolidated fiscal year and multiply pretax interim income by that estimated effective tax rate. This change was made to ensure faster and more efficient preparation of the Group's interim consolidated financial statements.」
Certain consolidated subsidiaries changed the method of calculating interim tax expenses from the method used for the annual financial statements to one based on an estimated effective tax rate. The stated purpose was to accelerate and improve the efficiency of preparing the interim consolidated financial statements, and the change was not applied retrospectively because its impact was immaterial.