Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2022-Q1. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The Company and its domestic consolidated subsidiaries apply the group tax sharing system.」
The application of the group tax sharing system following the transition from the consolidated taxation system, together with the accounting treatment and disclosure based on Practical Response Report No. 42, continues. - FY2023-Q2RestatedAnnual 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.」
The transition from the consolidated taxation system to the group tax sharing system implemented from the first quarter, together with the related accounting treatment and disclosure, continues. - FY2023-Q1AchievedAnnual report
「The Company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system beginning with the first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosure of corporate tax, local corporate tax and tax effect accounting follow "Accounting and Disclosure Under the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
The transition announced from the previous fiscal year was implemented from the first-quarter consolidated accounting period, with the Company moving from the consolidated taxation system to the group tax sharing system. - FY2022-Q3RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Response Report No. 39, "Treatment of the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020). Accordingly, for items established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, and for items subject to revisions to the standalone taxation system accompanying that transition, the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied, and deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before amendment.」
Following the transition to the group tax sharing system, the treatment of measuring deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2022-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Response Report No. 39, "Treatment of the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020). Accordingly, for items established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, and for items subject to revisions to the standalone taxation system accompanying that transition, the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied, and deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before amendment.」
Following the transition to the group tax sharing system, the treatment of measuring deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2022-Q1First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Response Report No. 39, "Treatment of the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020). Accordingly, for items established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) in connection with the transition to the group tax sharing system, and for items subject to revisions to the standalone taxation system accompanying that transition, the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied, and deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before amendment.」
For tax effect accounting accompanying the transition to the group tax sharing system, treatment has been established under which deferred tax assets and liabilities are measured based on the tax laws before amendment.