Adoption of Accounting Standards for Income Taxes
First written in FY2025-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
- FY2025AchievedAnnual report
「We have applied the Accounting Standard for Current Income Taxes and related standards from the beginning of the current consolidated fiscal year. The change in accounting policy had no impact on the consolidated financial statements.」
The revised accounting standards and implementation guidance concerning the classification of income taxes and the treatment of gains and losses on sales of shares of subsidiaries between consolidated companies were applied from the beginning of the current fiscal year. - FY2025-H1First statedAnnual report
「The Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”) and other standards have been applied from the beginning of the current interim consolidated accounting period. With respect to the revisions concerning the classification of income taxes (taxation of other comprehensive income), the Company follows the transitional treatment prescribed in the proviso to paragraph 20-3 of the 2022 Revised Accounting Standard and the transitional treatment prescribed in the proviso to paragraph 65-2(2) of the Guidance on Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Guidance No. 28, 28 October 2022; hereinafter, the “2022 Revised Guidance”). There is no impact from this change in accounting policy on the current interim consolidated financial statements. With respect to the revisions related to the review of the treatment in the consolidated financial statements when gains or losses on the sale of shares of subsidiaries arising from sales between consolidated companies are deferred for tax purposes, the 2022 Revised Guidance has been applied from the beginning of the current interim consolidated accounting period. This change in accounting policy has been applied retrospectively, and the interim consolidated financial statements for the previous interim consolidated accounting period and the consolidated financial statements for the previous fiscal year reflect the retrospective application. There is no impact from this change in accounting policy on the interim consolidated financial statements for the previous interim consolidated accounting period or the consolidated financial statements for the previous fiscal year.」
The revised accounting standards and implementation guidance concerning the classification of income taxes and the treatment of gains and losses on sales of shares of subsidiaries between consolidated companies were applied from the beginning of the current interim consolidated accounting period. The Company states that there is no impact on the financial statements.