Tax Effect Accounting Treatment Associated with the Transition to the Group Consolidated Taxation System
First written in FY2021-Q1. 8 of 11 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The Company and its domestic consolidated subsidiaries apply the group tax sharing system.」
The company is reconfirming for the full fiscal year the group tax sharing system implemented since the previous fiscal year and the related accounting treatment based on Practical Response Report No. 42. - 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. Accordingly, accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are being handled in accordance with the Practical Response Report No. 42, “Accounting Treatment and Disclosure When Applying the Group Tax Sharing System” (issued 12 August 2021; hereinafter, “Practical Response Report No. 42”). In addition, under Paragraph 32(1) of Practical Response Report No. 42, the impact of the change in accounting policy resulting from the application of Practical Response Report No. 42 is deemed to be nil.」
The company is reconfirming the transition to the group tax sharing system implemented from the first quarter and the related accounting treatment and disclosure based on Practical Response Report No. 42. - FY2023-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are being handled in accordance with the Practical Response Report No. 42, “Accounting Treatment and Disclosure When Applying the Group Tax Sharing System” (issued 12 August 2021; hereinafter, “Practical Response Report No. 42”). In addition, under Paragraph 32(1) of Practical Response Report No. 42, the impact of the change in accounting policy resulting from the application of Practical Response Report No. 42 is deemed to be nil.」
The company is reconfirming the transition to the group tax sharing system implemented from the first quarter and the related accounting treatment and disclosure based on Practical Response Report No. 42. - FY2023-Q1AdvancedAnnual 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 current fiscal year. Accordingly, accounting treatment and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are being handled in accordance with the Practical Response Report No. 42, “Accounting Treatment and Disclosure When Applying the Group Tax Sharing System” (issued 12 August 2021; hereinafter, “Practical Response Report No. 42”).」
The transition to the group tax sharing system, which was planned in the previous fiscal year, was implemented from the first quarter of the current fiscal year, and accounting treatment and disclosure based on Practical Response Report No. 42 are now being applied. - FY2022AdvancedAnnual report
「The Company and its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group-sharing system from the following consolidated fiscal year.」
The company has stated its plan to apply the group tax sharing system from the following consolidated fiscal year and to apply Practical Response Report No. 42. - FY2022-Q3RestatedAnnual report
「For the transition by the Company and its domestic consolidated subsidiaries to the group consolidated taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone taxation system accompanying that transition, the Company applies the treatment prescribed in Paragraph 3 of Practical Solution Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Consolidated Taxation System" (31 March 2020), and does not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (Accounting Standards Implementation Guidance No. 28, 16 February 2018). Accordingly, deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before the revisions.」
The company is reconfirming that the same application method as before is being used for tax-effect accounting in connection with the transition to the group tax sharing system. - FY2022-Q2RestatedAnnual report
「For the transition by the Company and its domestic consolidated subsidiaries to the group consolidated taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone taxation system accompanying that transition, the Company applies the treatment prescribed in Paragraph 3 of Practical Solution Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Consolidated Taxation System" (31 March 2020), and does not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (Accounting Standards Implementation Guidance No. 28, 16 February 2018). Accordingly, deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before the revisions.」
For tax effect accounting associated with the transition to the group consolidated taxation system, it reconfirms the same application method as in the previous quarter. - FY2022-Q1RestatedAnnual report
「For the transition by the Company and its domestic consolidated subsidiaries to the group consolidated taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone taxation system accompanying that transition, the Company applies the treatment prescribed in Paragraph 3 of Practical Solution Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Consolidated Taxation System" (31 March 2020), and does not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (Accounting Standards Implementation Guidance No. 28, 16 February 2018). Accordingly, deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before the revisions.」
For tax effect accounting associated with the transition to the group consolidated taxation system, it reconfirms the same application method as in the previous fiscal year. - FY2021-Q3RestatedAnnual report
「For the transition by the Company and its domestic consolidated subsidiaries to the group consolidated taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone taxation system accompanying that transition, the Company applies the treatment prescribed in Paragraph 3 of Practical Solution Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Consolidated Taxation System" (31 March 2020), and does not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (Accounting Standards Implementation Guidance No. 28, 16 February 2018). Accordingly, deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before the revisions.」
For tax effect accounting associated with the transition to the group consolidated taxation system, it reconfirms the same application method as in the previous quarter. - FY2021-Q2RestatedAnnual report
「For the transition by the Company and its domestic consolidated subsidiaries to the group consolidated taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone taxation system accompanying that transition, the Company applies the treatment prescribed in Paragraph 3 of Practical Solution Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Consolidated Taxation System" (31 March 2020), and does not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (Accounting Standards Implementation Guidance No. 28, 16 February 2018). Accordingly, deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before the revisions.」
For tax effect accounting associated with the transition to the group consolidated taxation system, it reconfirms the same application method as in the previous quarter. - FY2021-Q1First statedAnnual report
「For the transition by the Company and its domestic consolidated subsidiaries to the group consolidated taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items subject to revisions to the standalone taxation system accompanying that transition, the Company applies the treatment prescribed in Paragraph 3 of Practical Solution Report No. 39, "Implementation Guidance on Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Consolidated Taxation System" (31 March 2020), and does not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (Accounting Standards Implementation Guidance No. 28, 16 February 2018). Accordingly, deferred tax assets and deferred tax liabilities are measured based on the provisions of the tax laws before the revisions.」
For tax effect accounting associated with the transition to the group consolidated taxation system, it describes for the first time the application method based on Practical Solution Report No. 39.