Transition to the Group Tax Sharing System
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
15 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting are in accordance with the Practical Solution on the Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (Practical Solution Report No. 42, 12 August 2021; hereinafter, “Practical Solution Report No. 42”).」
The transition to the group sharing system that began in the first quarter, together with the related treatment and disclosures for corporate tax and tax-effect accounting, continued. - FY2023-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries moved from the consolidated taxation system to the group sharing system from the first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosure for corporate tax, local corporate tax and tax-effect accounting follow the “Practical Solution on Accounting and Disclosure under the Group Sharing System” …」
The transition to the group sharing system that began in the first quarter, together with the related accounting treatment and disclosures, continued in the second quarter. - FY2023-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group sharing system from the first quarter of the current fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax-effect accounting comply with the “Accounting and Disclosure Under the Group Sharing System” (Practical Response Report No. 42, 12 August 2021; hereinafter, “Practical Response Report No. 42”). In accordance with paragraph 32(1) of Practical Response Report No. 42, the impact of the change in accounting policies accompanying the application of Practical Response Report No. 42 is deemed to be nil.」
From the first-quarter consolidated accounting period under review, the company and its domestic consolidated subsidiaries moved from the consolidated taxation system to the group sharing system, and stated that the accounting and disclosure treatment for corporate tax, local corporate tax and tax-effect accounting would follow Practical Solution Report No. 42.