Tax Effect Accounting Treatment Associated with the Transition from Consolidated Taxation to the Group Tax Sharing System
First written in FY2021-Q1. 6 of 9 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the fiscal year. Accordingly, accounting and disclosure for corporate and local income taxes 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 to the group-wide taxation system implemented from the first quarter, together with the related accounting and disclosure treatment, has been reconfirmed. - 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 consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate and local income taxes and tax-effect accounting comply with the 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 from the consolidated taxation system to the group aggregation system, which had been scheduled to apply from the following consolidated fiscal year, was implemented from the current first-quarter consolidated accounting period. - FY2022AdvancedAnnual report
「The Company and its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group aggregation system from the next consolidated fiscal year. From the beginning of the next consolidated fiscal year, the Company plans to apply “Accounting and Disclosure Under the Group Aggregation System” (Practical Response Report No. 42, 12 August 2021), which prescribes the accounting treatment and disclosure of corporate tax, local corporate tax and tax-effect accounting when applying the group aggregation system.」
The planned transition from the consolidated taxation system to the group aggregation system has been made specific, with application scheduled from the beginning of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「For the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, they do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting and calculate deferred tax assets and deferred tax liabilities 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
「For the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, they do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting and calculate deferred tax assets and deferred tax liabilities 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-Q1RestatedAnnual report
「For the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, they do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting and calculate deferred tax assets and deferred tax liabilities 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. - FY2021-Q3RestatedAnnual report
「For the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, they do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting and calculate deferred tax assets and deferred tax liabilities 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. - FY2021-Q2RestatedAnnual report
「For the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, they do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting and calculate deferred tax assets and deferred tax liabilities 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. - FY2021-Q1First statedAnnual report
「For the transition to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items revised in connection with that transition, the Company and its domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, they do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting and calculate deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
First disclosure that deferred tax assets and liabilities would be calculated under the pre-amendment tax laws in connection with the transition to the group relief system.