Changes in Accounting Standards, Tax Systems and Other Areas
First written in FY2018. 2 of 5 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2024: 2 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries are transitioning from the consolidated taxation system to the group tax-sharing system from the current consolidated fiscal year.」
Regarding the transition to the group tax-sharing system, the matter has moved from the consideration and planning stage to actual application in the current consolidated 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.」
Regarding the transition to the group tax-sharing system, the disclosure has moved from describing the former treatment to the stage of actual application from the current first quarter of the consolidated fiscal year. - FY2021-Q1RestatedAnnual report
「The company and certain domestic consolidated subsidiaries are applying the treatment for tax-effect accounting relating to the transition from the consolidated tax system to the group tax sharing system, established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), as well as items for which the standalone tax filing system was revised in connection with the transition to the group tax sharing system, under the Treatment of Tax Effect Accounting for the Transition from the Consolidated Tax System to the Group Tax Sharing System」
The company has provided additional information stating that it applies the treatment for tax-effect accounting associated with the transition to the group tax sharing system. - FY2019-Q1MaterialisedAnnual report
「The company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the fiscal year under review. As a result, total assets and total liabilities for the fiscal year ended March 2018 decreased by ¥112 million each, while the equity ratio increased by 0.2 percentage point.」
The accounting-standard changes were applied in practice, resulting in decreases of ¥112 million each in total assets and total liabilities, and a 0.2-percentage-point increase in the equity ratio. - FY2018First statedAnnual report
「The introduction or amendment of accounting standards, tax systems or other related rules could affect the operating results and other aspects of the company’s group. In addition, if differences in interpretation with the tax authorities regarding tax filings result in additional tax liabilities, this could adversely affect the operating results and financial condition of the company and its group.」
The company has for the first time identified as risks changes in accounting standards and tax systems, and additional burdens arising from differences in interpretation with the tax authorities.