Application of Tax Effect Accounting in Connection with the Transition to the Group Tax-Sharing System
First written in FY2021-Q1. 4 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The Company and its consolidated subsidiaries apply the group tax sharing system.」
The Company continues to apply the group tax sharing system and to account for and disclose corporate income taxes and tax-effect accounting based on that system. - FY2024-Q1RestatedAnnual report
「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 additional information reconfirms the transition to the group tax sharing system from the first quarter and the accounting and disclosure treatment based on that system. - FY2023-Q4RestatedAnnual report
「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 additional information reconfirms the transition to the group tax sharing system from the first quarter and the application of the related accounting and disclosure treatment. - FY2023-Q3AchievedAnnual report
「The Company and its consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system beginning with the first quarter of the current consolidated fiscal year. Accordingly, the accounting and disclosure of corporate tax, local corporate tax and tax effect accounting are conducted in accordance with the “Accounting and Disclosure Treatment When Applying the Group Relief System” (Practical Response Report No. 42, 12 August 2021).」
The company implemented the transition to the group tax-sharing system from the current first quarter of the consolidated fiscal year, rather than from the next consolidated fiscal year as previously planned, and applied the related accounting treatment and disclosures. - FY2022RestatedAnnual report
「The Company and its consolidated subsidiaries will transition from the consolidated taxation system to the group aggregation system from the next consolidated fiscal year.」
The company reconfirmed that it plans to transition to the group tax-sharing system from the next consolidated fiscal year. - FY2021-Q1First statedAnnual report
「The company and certain domestic consolidated subsidiaries are applying the treatment under Paragraph 3 of the “Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System” (Practical Issues Task Force No. 39, 31 March 2020) 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), and to items for which the stand-alone taxation system was revised in connection with that transition. Accordingly, they have not applied Paragraph 44 of the “Implementation Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, 16 February 2018), and have calculated deferred tax liabilities based on the provisions of the tax laws before amendment.」
The company has applied the accounting treatment for the transition to the group tax-sharing system and calculated deferred tax liabilities based on the tax laws before amendment.