Treatment of Tax-Effect Accounting Related to the Transition to the Group Tax Sharing System
First written in FY2021-Q1. 6 of 9 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q2RestatedAnnual report
「Our company and its domestic consolidated subsidiaries changed from the consolidated taxation system to the group relief system from the first-quarter consolidated accounting period.」
The transition to the group tax sharing system and the related accounting treatment, which began in FY2023-Q1, continue to be applied. - FY2023-Q1AchievedAnnual report
「The company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current fiscal year.」
The transition to the group tax sharing system, which had been described as preparation through the previous fiscal year, entered the implementation stage from FY2023-Q1. - FY2022ReframedAnnual report
「The Company and its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group-sharing system from the following consolidated fiscal year.」
The disclosure has become more specific, moving from the previous treatment concerning preparation for the transition to the planned application of the group tax sharing system in the following consolidated fiscal year and the planned adoption of Practical Solution Report No. 42. - FY2022-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, in accordance with Paragraph 3 of “Accounting Treatment for the Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (Practical Solution Report No. 39, 31 March 2020). Accordingly, Paragraph 44 of the “Guidance on Application of Accounting Standard for Tax Effect Accounting” (ASBJ Guidance No. 28, 16 February 2018) has not been applied to matters related to the transition to the group tax sharing system and matters for which the single-entity tax payment system was reviewed in connection with that transition.」
The tax effect accounting treatment associated with the transition to the group tax sharing system continues to be applied. - FY2022-Q1RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, in accordance with Practical Solution Report No. 39, for matters related to the transition to the group tax sharing system and matters for which the single-entity tax payment system was reviewed in connection with that transition.」
The tax effect accounting treatment associated with the transition to the group tax sharing system continues to be applied. - FY2021RestatedAnnual report
「The company and its domestic consolidated subsidiaries state that the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax laws before the amendments.」
The tax effect accounting treatment associated with the transition to the group tax sharing system continues to be applied. - FY2021-Q3RestatedAnnual report
「For the transition by the company and its domestic consolidated subsidiaries to the group relief system established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items subject to revisions to the single-entity tax system in connection with that transition, the company applies the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Relief System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, it does not apply paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculates deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The tax effect accounting treatment associated with the transition to the group tax sharing system continues to be applied. - FY2021-Q2RestatedAnnual report
「For the transition by the company and its domestic consolidated subsidiaries to the group relief system established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items subject to revisions to the single-entity tax system in connection with that transition, the company applies the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Relief System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, it does not apply paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculates deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The tax effect accounting treatment associated with the transition to the group tax sharing system continues to be applied. - FY2021-Q1First statedAnnual report
「For the transition by the company and its domestic consolidated subsidiaries to the group relief system established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items subject to revisions to the single-entity tax system in connection with that transition, the company applies the treatment prescribed in paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Relief System (ASBJ Practical Issues Task Force No. 39, 31 March 2020). Accordingly, it does not apply paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and calculates deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
In accounting for tax effects related to the transition to the group relief system, deferred tax assets and liabilities are calculated based on the provisions of the tax laws before amendment, in accordance with Practical Response Report No. 39.