Application of Amendments to the Tax Effect Accounting Standards
First written in FY2019-Q1. 3 of 7 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
- FY2025-H1AchievedAnnual report
「The “Accounting Standard for Income Taxes, Inhabitant Taxes and Enterprise Taxes, etc.” (Accounting Standard No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”) and related standards have been applied from the beginning of the current interim consolidated accounting period.」
The accounting standard for income taxes and related matters, which had been scheduled for application in the previous fiscal year, was actually applied from the beginning of the current interim consolidated accounting period. The company stated that the change in accounting policy had no impact on the interim consolidated financial statements. - FY2024AdvancedAnnual report
「The Accounting Standard for Current Income Taxes and related standards are scheduled to be applied from the beginning of the fiscal year ending March 2025.」
The company disclosed its planned application, from the beginning of the fiscal year ending March 2025, of the accounting standard for income taxes and related matters, and stated that it is assessing the impact. - FY2021-Q2AdvancedAnnual report
「For the transition by the Company and certain domestic consolidated subsidiaries to the group relief system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and for items affected by revisions to the standalone taxation system accompanying that transition, the Group applies the treatment under paragraph 3 of Practical Solution No. 39, Accounting for Tax Effect Accounting on the Transition from the Consolidated Taxation System to the Group Relief System. Accordingly, it does not apply paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting and measures deferred tax assets and liabilities based on the provisions of the tax laws before amendment.」
In addition to applying the previous amendments to the tax-effect accounting standards, the company disclosed specific details of the tax-effect accounting treatment associated with the transition to the group-wide tax sharing system. - FY2020RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the 68th fiscal year. Accordingly, the key management indicators and other information for the 67th fiscal year reflect retrospective application of those accounting standards and related standards.」
The notes to the key management indicators reconfirm the application of the amended tax-effect accounting standards and the retrospective presentation of prior-period indicators. - FY2019-Q3RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative third quarter of the previous consolidated fiscal year and the previous consolidated fiscal year reflect retrospective application of those accounting standards and related standards.」
The key indicators for the same period of the previous year and the previous fiscal year have been presented retrospectively based on the amended tax-effect accounting standards applied from the first quarter. - FY2019-Q2RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and related standards have been applied from the beginning of the first quarter of the consolidated fiscal year. Accordingly, the key management indicators and other information for the cumulative second quarter of the previous consolidated fiscal year and the previous consolidated fiscal year reflect retrospective application of those accounting standards and related standards.」
The key indicators for the same period of the previous year and the previous fiscal year have been presented retrospectively based on the amended tax-effect accounting standards applied from the first quarter. - FY2019-Q1First statedAnnual report
「The company has applied 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 from the beginning of the current first quarter. Deferred tax assets are presented under Other in investments and other assets.」
The amendments to the accounting standards for tax-effect accounting and related standards were applied from the beginning of the current first quarter of the consolidated fiscal year, and the presentation classification of deferred tax assets was changed.