Tax-Effect Accounting Treatment Following the Transition to the Group Tax-Sharing System
First written in FY2021-Q1. 5 of 8 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q1AchievedAnnual report
「The company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the first-quarter consolidated accounting period of the current fiscal year. Accordingly, the accounting and disclosure treatment for corporate tax, local corporate tax and tax-effect accounting follows the Accounting and Disclosure Treatment for Applying the Group Tax Sharing System.」
The transition from the consolidated taxation system to the group tax sharing system, which had been disclosed as planned through the previous fiscal year, was implemented from the first quarter beginning 1 April 2022. - FY2022AdvancedAnnual report
「From the beginning of the following consolidated fiscal year, the company plans to apply the Accounting and Disclosure Treatment for Applying the Group Tax Sharing System, which prescribes the accounting and disclosure treatment for corporate tax, local corporate tax and tax-effect accounting when applying the group tax sharing system.」
The company explicitly stated that it plans to apply the group tax sharing system from the beginning of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries state that the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax laws before the amendments.」
The tax-effect accounting treatment related to the transition to the group tax sharing system continued to be applied in the third quarter of the current fiscal year. - FY2022-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries state that the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax laws before the amendments.」
The tax-effect accounting treatment related to the transition to the group tax sharing system continued to be applied in the second quarter of the current fiscal year. - FY2022-Q1RestatedAnnual report
「The company and its domestic consolidated subsidiaries state that the amounts of deferred tax assets and deferred tax liabilities are based on the provisions of tax laws before the amendments.」
The tax-effect accounting treatment related to the transition to the group tax sharing system continued to be applied in the first quarter of the current fiscal year. - FY2021-Q3RestatedAnnual report
「For items relating to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and to revisions to the single-company taxation system made in conjunction with that transition, we apply the treatment set out in Paragraph 3 of Practical Solution No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System, without applying Paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets. Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
The tax-effect accounting treatment related to the transition to the group tax sharing system continued to be applied in the third quarter. - FY2021-Q2RestatedAnnual report
「For items relating to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and to revisions to the single-company taxation system made in conjunction with that transition, we apply the treatment set out in Paragraph 3 of Practical Solution No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System, without applying Paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets. Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
The tax-effect accounting treatment related to the transition to the group tax sharing system continued to be applied in the additional information for the second quarter. - FY2021-Q1First statedAnnual report
「For items relating to the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020), and to revisions to the single-company taxation system made in conjunction with that transition, we apply the treatment set out in Paragraph 3 of Practical Solution No. 39, Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System, without applying Paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets. Accordingly, deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
In connection with the transition to the group tax sharing system, the company disclosed for the first time the accounting treatment of calculating deferred tax assets and liabilities based on tax laws before the amendments.