Tax Effect Accounting Associated with the Transition to the Group Tax-Sharing System
First written in FY2021-Q2. 2 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the group aggregation system from the current consolidated fiscal year.」
The Company moved beyond transition preparations and related accounting treatment through the previous fiscal year and began actually applying the group consolidated taxation system in the current fiscal year. - FY2023-Q1AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries have 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 Company transitioned to the group consolidated taxation system from the first quarter of the current consolidated fiscal year, moving from preparations for the transition and the related tax-effect accounting treatment to the actual implementation stage. - FY2022-Q3RestatedAnnual report
「With respect to the transition by the company and certain domestic consolidated subsidiaries to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Laws (Act No. 8 of 2020), and items for which the standalone taxation system was revised in connection with that transition, we have applied the treatment in Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Aggregation System (Practical Response Report No. 39, dated 31 March 2020). Accordingly, Paragraph 44 of the Implementation Guidance on Tax Effect Accounting has not been applied, and deferred tax assets and liabilities are measured based on the provisions of the tax laws before amendment.」
The accounting treatment accompanying the transition to the group tax sharing system has continued to be applied. - FY2022-Q1RestatedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The accounting treatment associated with the transition to the group consolidated taxation system continues to be disclosed, following the previous quarter. - FY2021-Q2First statedAnnual report
「The company and certain domestic consolidated subsidiaries have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, pursuant to Paragraph 3 of the Practical Solution on the Accounting and Tax Treatment of the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ Practical Solution No. 39, 31 March 2020), 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 the revisions to the single-entity taxation system made in conjunction with that transition.」
The Company provided additional information on the accounting treatment of the transition to the group consolidated taxation system, calculating deferred tax assets and liabilities based on tax laws before the amendments.