Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2022-Q1. 3 of 6 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q2RestatedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated taxation system to the group aggregation system from the first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Treatment of Accounting and Disclosure When Applying the Group Aggregation System (Practical Response Report No. 42, 12 August 2021, hereinafter, “Practical Response Report No. 42”).」
The company reconfirmed the transition to the group aggregation system from the first quarter of the consolidated fiscal year and the accounting treatment and disclosures based on Practical Solution Report No. 42. - FY2023-Q1AchievedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated taxation system to the group aggregation system from the beginning of the current first-quarter consolidated accounting period. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Treatment of Accounting and Disclosure When Applying the Group Aggregation System (Practical Response Report No. 42, 12 August 2021, hereinafter, “Practical Response Report No. 42”).」
Regarding Practical Solution Report No. 42 related to the group aggregation system, which had been scheduled for application from the beginning of the following consolidated fiscal year, the company actually transitioned to and applied the system from the first quarter of the current consolidated fiscal year. - FY2022AdvancedAnnual report
「The company plans to apply from the beginning of the following consolidated fiscal year the “Practical Solution on Accounting and Disclosure under the Group Tax Sharing System” (Practical Solution Report No. 42, 12 August 2021), which specifies the accounting and disclosure treatment for corporate and local corporate taxes and tax-effect accounting when applying the group tax sharing system.」
In connection with the transition to the group aggregation system, the company explicitly stated that it plans to apply Practical Solution Report No. 42 from the beginning of the following consolidated fiscal year, moving from preparation for the transition to the application stage. - FY2022-Q3RestatedAnnual report
「For the transition to the Group 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 single-entity taxation system in connection with that transition, the company and certain consolidated subsidiaries have not applied the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Taxation System, and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the revisions.」
For tax-effect accounting associated with the transition to the group aggregation system, the company reconfirmed its policy of calculating deferred tax assets and liabilities under the provisions of the tax laws before the amendments, based on the transitional treatment. - FY2022-Q2RestatedAnnual report
「For the transition to the Group 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 single-entity taxation system in connection with that transition, the company and certain consolidated subsidiaries have not applied the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Taxation System, and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the revisions.」
For tax-effect accounting associated with the transition to the group aggregation system, the company reconfirmed its policy of calculating deferred tax assets and liabilities under the provisions of the tax laws before the amendments, based on the transitional treatment. - FY2022-Q1First statedAnnual report
「For the transition to the Group 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 single-entity taxation system in connection with that transition, the company and certain consolidated subsidiaries have not applied the provisions of paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to paragraph 3 of the Practical Response Report No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Taxation System, and have measured deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the revisions.」
For tax-effect accounting associated with the transition to the group aggregation system, deferred tax assets and liabilities are calculated under the provisions of the tax laws before the amendments, based on the transitional treatment.