Application of Accounting Standards and Related Standards for Income Taxes
First written in FY2024-Q1. 1 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025Tax Rate ChangesAnnual report
「The Act Partially Amending the Income Tax Act and Other Acts (Act No. 13 of 2025) was enacted by the Diet on 31 March 2025, and a special corporate tax for defense will be imposed from consolidated fiscal years beginning on or after 1 April 2026. Accordingly, the statutory effective tax rate used to calculate deferred tax assets and deferred tax liabilities relating to temporary differences and other items expected to reverse in consolidated fiscal years beginning on or after 1 April 2026 has been changed from 30.62% to 31.52%.」
In its accounting and disclosures for income taxes, the company disclosed the change in the statutory effective tax rate resulting from the introduction of the special corporate tax for defense, along with its ¥54 million impact on deferred tax assets and other items. - FY2024-Q2RestatedAnnual report
「The Accounting Standard for Accounting for Income Taxes, Resident Taxes and Enterprise Taxes (ASBJ Statement No. 27, 28 October 2022; hereinafter, the "2022 Revised Accounting Standard") and other relevant standards have been applied from the beginning of the first quarter of the current fiscal year.」
The accounting standards for income taxes applied from the previous quarter continue to be applied in the current quarter. As a result, income taxes, resident taxes and enterprise taxes increased by ¥644 million, while quarterly net income attributable to owners of the parent decreased by the same amount. - FY2024-Q1First statedAnnual report
「The “Accounting Standard for Corporate Income Taxes, Inhabitant Taxes and Enterprise Taxes” (Accounting Standard No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”) and other standards have been applied from the beginning of the first quarter of the current fiscal year.」
The revised standards were applied from the beginning of the first quarter of the current fiscal year, changing the method of allocating and recognizing income taxes between profit or loss, shareholders' equity and other comprehensive income according to the nature of each transaction. As a result, income taxes increased by ¥435 million, while quarterly net income attributable to owners of the parent decreased by the same amount.