Planned Adoption in the Fiscal Year Ending June 2025 of the Accounting Standards and Other Requirements for Income Taxes, Comprehensive Income, and Tax Effect Accounting
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
66 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「We have applied the Accounting Standard for Accounting for Income Taxes (Accounting Standard No. 27, 28 October 2022) and related standards from the beginning of the interim consolidated accounting period.」
The Company began applying the revised standards and related guidance concerning income taxes, presentation of comprehensive income and tax-effect accounting that had been scheduled for adoption from the beginning of the fiscal year ending June 2025 in FY2024. There was no impact on the classification of income taxes. The revisions concerning gains and losses on sales of shares in subsidiaries and other entities were applied retrospectively, increasing retained earnings and deferred tax assets by ¥230 million. - FY2024First statedAnnual report
「“Accounting Standard for Tax Effect Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes, etc.” (Accounting Standard No. 27, 28 October 2022, Accounting Standards Board of Japan) ・“Accounting Standard for Presentation of Comprehensive Income” (Accounting Standard No. 25, 28 October 2022, Accounting Standards Board of Japan) ・“Implementation Guidance on Tax Effect Accounting” (Implementation Guidance No. 28, 28 October 2022, Accounting Standards Board of Japan) (2) Scheduled date of adoption Scheduled to be adopted from the beginning of the fiscal year ending June 2025.」
The Company newly disclosed plans to adopt revised standards and related guidance concerning income taxes, presentation of comprehensive income and tax-effect accounting from the beginning of the fiscal year ending June 2025, with the impact on the consolidated financial statements still under evaluation.