Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2023-Q2. 2 of 4 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2024-Q3RestatedAnnual report
「Beginning with the first quarter of the current consolidated fiscal year, the company and its consolidated subsidiaries have transitioned from the consolidated taxation system to the group aggregation system.」
The company has reconfirmed that the transition from the consolidated tax payment system to the group relief system was completed from the beginning of the first quarter of the current fiscal year and that Practical Response Report No. 42 has been applied to the related accounting treatment and disclosures. - FY2024-Q1AchievedAnnual report
「The company and its consolidated subsidiaries have changed from the previously applied consolidated taxation system to the group aggregation system, effective from the first quarter of the current consolidated fiscal year.」
The transition from the consolidated tax payment system to the group relief system was implemented from the beginning of the first quarter of the current fiscal year, and Practical Response Report No. 42 has been applied to the related accounting treatment and disclosures. - FY2023-Q3RestatedAnnual report
「With respect to the transition by the company and its consolidated subsidiaries 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 items for which the standalone tax filing system was revised in connection with that transition, the provisions of Paragraph 44 of the Guidance on the Application of Accounting Standards for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) were not applied pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting in Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Issues Task Force Report No. 39, 31 March 2020). The amounts of deferred tax assets and deferred tax liabilities were calculated based on the provisions of tax laws before the amendments.」
The calculation method for deferred tax assets and deferred tax liabilities in connection with the transition to the group relief system and the related revision of the single-company tax payment system has been restated under additional information. - FY2023-Q2First statedAnnual report
「With respect to the transition by the company and its consolidated subsidiaries 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 items for which the standalone tax filing system was revised in connection with that transition, the provisions of Paragraph 44 of the Guidance on the Application of Accounting Standards for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) were not applied pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting in Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Issues Task Force Report No. 39, 31 March 2020). The amounts of deferred tax assets and deferred tax liabilities were calculated based on the provisions of tax laws before the amendments.」
This is the first time the calculation method for deferred tax assets and deferred tax liabilities in connection with the transition to the group relief system and the related revision of the single-company tax payment system has been recorded as a separate topic under additional information.