Application of Tax-Effect Accounting Accompanying the Transition to the Group Aggregation System

「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting comply with the Practical Response Report on Accounting Treatment and Disclosure When Applying the Group Tax Sharing System.」

「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting comply with the Practical Response Report on Accounting Treatment and Disclosure When Applying the Group Tax Sharing System (Practical Response Report No. 42, 12 August 2021; hereinafter, Practical Response Report No. 42).」

「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure of corporate income taxes, local corporate taxes and tax effect accounting comply with the Practical Response Report on Accounting Treatment and Disclosure 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 domestic consolidated subsidiaries will transition from the consolidated taxation system to the group-sharing system from the following consolidated fiscal year.」

「The company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System to the amounts of deferred tax assets and deferred tax liabilities, which are based on the provisions of the tax laws before the amendments.」

「The company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 tax sharing system and to items for which the single-entity taxation system was revised in line with the group tax sharing system. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the tax laws before the amendments, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2020).」

「The company and certain domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Response Report No. 39, Treatment of the Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System (31 March 2020), 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 tax sharing system and to items for which the single-entity taxation system was revised in line with the group tax sharing system. Accordingly, the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of the tax laws before the amendments, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2020).」