Application of Tax-Effect Accounting Following the Transition to the Group Tax-Sharing System
First written in FY2021-Q1. 3 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2022AdvancedAnnual report
「The company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the consolidated taxation group system from the next consolidated fiscal year.」
The company specified that the transition to the consolidated taxation group system is scheduled to take effect from the next consolidated fiscal year, together with its policy for applying the corresponding accounting treatment and disclosures. - FY2022-Q3RestatedAnnual report
「For matters relating to the transition to the consolidated taxation group system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the separate taxation system was revised in connection with that transition, the company and certain domestic consolidated subsidiaries,」
The company continues to report the transitional treatment under tax-effect accounting associated with the transition to the consolidated taxation group system. - FY2022-Q2RestatedAnnual report
「For matters relating to the transition to the consolidated taxation group system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the separate taxation system was revised in connection with that transition, the company and certain domestic consolidated subsidiaries,」
The company continued to report the transitional treatment under tax-effect accounting associated with the transition to the consolidated taxation group system. - FY2022-Q1RestatedAnnual report
「The company and certain domestic consolidated subsidiaries apply the provisions of the tax laws before their amendment to the amounts of deferred tax assets and deferred tax liabilities, pursuant to Paragraph 3 of Practical Response Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Taxation System" (31 March 2020), for matters relating to the transition to the consolidated taxation group system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the separate taxation system was revised in connection with that transition.」
The company continued to report the transitional treatment under tax-effect accounting associated with the transition to the consolidated taxation group system. - FY2021-Q1First statedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution Report No. 39, "Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020). Accordingly, for items relating to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the requirements of Paragraph 44 of the Guidance on Accounting Standards for Tax Effect Accounting have not been applied. Deferred tax assets and deferred tax liabilities have instead been measured under the provisions of the tax laws before amendment.」
The company disclosed additional information on the transitional treatment under tax-effect accounting associated with the transition to the consolidated taxation group system.