Application of Tax-Effect Accounting in Connection with the Transition to the Group Tax Sharing System
First written in FY2022-Q1. 4 of 7 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 certain domestic consolidated subsidiaries apply the group consolidated taxation system and, in accordance with the Accounting Treatment and Disclosure under the Group Consolidated Taxation System (Practical Response Report No. 42, 12 August 2021), conduct the accounting treatment for corporate income taxes and local corporate taxes, the related tax-effect accounting treatment, and the related disclosures.」
The group consolidated taxation system and the related tax-effect accounting treatment continue to be applied. - FY2023AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the group aggregation system from the current consolidated fiscal year.」
The transition to the group consolidated taxation system took effect from the current consolidated fiscal year, and the related corporate income tax and tax-effect accounting treatment and disclosures are being conducted under that system. - FY2023-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group consolidated taxation system from the beginning of the first quarter of the consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Accounting Treatment and Disclosure under the Group Consolidated Taxation System (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
The transition to the group consolidated taxation system and the related corporate income tax and tax-effect accounting treatment continue, as reconfirmed. - FY2023-Q2RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax payment system to the group tax-sharing system from the first quarter.」
The transition to the group consolidated taxation system and the related corporate income tax and tax-effect accounting treatment continue, as reconfirmed. - FY2023-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group consolidated taxation system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Accounting Treatment and Disclosure under the Group Consolidated Taxation System (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」
The transition to the group consolidated taxation system took effect from the beginning of the first quarter of the current consolidated fiscal year, and the related corporate income tax and tax-effect accounting treatment and disclosures also transitioned to practices based on Practical Response Report No. 42. - FY2022-Q3RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution Report No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Tax-Sharing System” (31 March 2020), for items relating to the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the related review of the single-entity taxation system. Accordingly, they have not applied Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and have measured 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 consolidated taxation system continues to be disclosed from the previous quarter. - FY2022-Q1First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of Practical Solution Report No. 39, “Accounting and Disclosure under the Transition from the Consolidated Taxation System to the Group Tax-Sharing System” (31 March 2020), for items relating to the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and the related review of the single-entity taxation system. Accordingly, they have not applied Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
In connection with the transition to the consolidated taxation system and the review of the standalone taxation system, the company describes the accounting treatment under which deferred tax assets and liabilities are calculated based on the tax laws before the amendments.