Application of Tax-Effect Accounting Following the Transition to the Group Tax-Sharing System
First written in FY2022-Q1. 3 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023AdvancedAnnual report
「Our company and certain consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the current consolidated accounting year. Accordingly, the accounting treatment and disclosures for corporate income tax, local corporate income tax and tax-effect accounting comply with the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 42, hereinafter the “Practical Solution No. 42”).」
Implemented the transition from the consolidated taxation system to the group tax sharing system on an annual basis and applied the accounting treatment and disclosures based on Practical Solution No. 42. - FY2023-Q2RestatedAnnual report
「Our company and certain consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the current interim consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income tax, local corporate income tax and tax-effect accounting comply with the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 42, hereinafter the “Practical Solution No. 42”).」
Reconfirmed the transition from the consolidated taxation system to the group tax sharing system and the accounting treatment and disclosures for corporate income tax and tax-effect accounting based on Practical Solution No. 42. - FY2023-Q1AdvancedAnnual report
「Our company and certain consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income tax, local corporate income tax and tax-effect accounting comply with the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ Practical Issues Task Force No. 42, hereinafter the “Practical Solution No. 42”).」
Implemented the transition from the consolidated taxation system to the group tax sharing system from the first quarter of fiscal 2022 and applied Practical Solution No. 42 to the accounting treatment and disclosures for corporate income tax, local corporate income tax and tax-effect accounting. - FY2022-Q2AdvancedAnnual report
「Our company and certain consolidated subsidiaries have applied the consolidated taxation system, with our company as the consolidated parent company, from the current interim consolidated accounting period.」
Stated that application of the consolidated taxation system, with our company as the consolidated parent company, began in the current interim consolidated accounting period. Continued the treatment of tax-effect accounting relating to the transition to the group tax sharing system. - FY2022-Q1First statedAnnual report
「Our company and certain consolidated subsidiaries calculate the amounts of deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before their revision, without applying the provisions of paragraph 44 of the Guidance on the Application of Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28), pursuant to the treatment prescribed in paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System in Transition from the Consolidated Taxation System (ASBJ Practical Issues Task Force No. 39), with respect 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 items for which the standalone taxation system was revised in connection with that transition.」
For tax-effect accounting accompanying the transition to the group tax sharing system, first disclosed the treatment of calculating deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before their revision, pursuant to the Practical Solution.