Adoption of amendments to the tax-effect accounting standards

「From the first quarter of the current fiscal year, the Company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system. Accordingly, the accounting and disclosure treatment for corporate income taxes, local corporate taxes and tax-effect accounting is conducted in accordance with the "Accounting and Disclosure Treatment When Applying the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」

「From the first quarter of the current fiscal year, the Company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system. Accordingly, the accounting and disclosure treatment for corporate income taxes, local corporate taxes and tax-effect accounting is conducted in accordance with the "Accounting and Disclosure Treatment When Applying the Group Tax Sharing System" (Practical Response Report No. 42, 12 August 2021; hereinafter, "Practical Response Report No. 42").」

「The company and its consolidated subsidiaries transitioned from the consolidated taxation system to the group sharing system from the first quarter of the current fiscal year. Accordingly, accounting and disclosure for corporate and local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure under the Group Sharing System (Practical Solution Report No. 42, 12 August 2021).」

「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」

「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」

「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」

「The Company and its consolidated subsidiaries have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the revisions, in accordance with paragraph 3 of the Practical Solution on the Accounting Treatment for Applying Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System, with respect to the transition 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 single-taxpayer system was revised in connection with that transition.」

「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」

「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」

「The Company and certain domestic consolidated subsidiaries have applied the transitional treatment under Paragraph 3 of Practical Solution No. 39, “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” and, for the transition to the group tax-sharing system and matters subject to revisions to the single-entity taxation system, have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax law before the amendment without applying Paragraph 44 of the “Guidance on Implementing Tax Effect Accounting.”」

「The partial amendments to the “Accounting Standard for Tax Effect Accounting” (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards have been applied from the beginning of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」

「The partial revision of the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, dated 16 February 2018) and other standards have been applied from the beginning of the first quarter consolidated accounting period. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」

「The “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and related standards have been applied from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」