Application of Tax-Effect Accounting in Connection with the Transition to the Group Tax Sharing System
First written in FY2021-Q1. 1 of 3 entries say "Reframed", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023AchievedAnnual report
「The Company and certain subsidiaries changed to the standalone taxation system from the current consolidated fiscal year following the abolition of the consolidated taxation system.」
The Company began applying the transition to the standalone taxation system, for which a policy change had been announced in the previous fiscal year, from fiscal 2023. - FY2022ReframedAnnual report
「The Company and certain consolidated subsidiaries had previously applied the consolidated taxation system. However, because they filed notifications during the current consolidated fiscal year stating that they would not apply the group aggregation system, they will change to the standalone taxation system from the next consolidated fiscal year.」
The Company changed its policy from preparing to transition to the group aggregation system and disclosed that it would change to the standalone taxation system from the next consolidated fiscal year. - FY2021-Q1First statedAnnual report
「The Company and certain domestic consolidated subsidiaries apply the provisions of the former tax law to the amounts of deferred tax assets and deferred tax liabilities, without applying the provisions of paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to paragraph 3 of the Accounting Treatment for Applying Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregation System (ASBJ Practical Issues Task Force Report No. 39, 31 March 2020), with respect to items established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) in connection with the transition to the group aggregation system and items for which the standalone taxation system was revised in line with that transition.」
In connection with the transition to the group aggregation system, the Company applied the accounting treatment of calculating deferred tax assets and liabilities based on the former tax law.