Tax-effect accounting treatment accompanying the transition to the group-wide tax consolidation system
First written in FY2021-Q2. 4 of 7 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 consolidated subsidiaries have transitioned to the standalone tax payment system from the current consolidated fiscal year. Accordingly, under paragraphs 33 and 69 of the “Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System,” deferred tax assets and deferred tax liabilities from the end of the previous consolidated fiscal year onward are recognized on the assumption that the standalone tax payment system applies from the current consolidated fiscal year.」
The transition to the standalone tax payment system without adopting the group tax sharing system, which had been scheduled for the previous fiscal year, was implemented from the current consolidated fiscal year. - FY2022Transition to the standalone tax payment system without adopting the group tax sharing systemAnnual report
「The Company and its consolidated subsidiaries had previously applied the consolidated taxation system, but because they submitted a notification during the current consolidated fiscal year stating that they would not apply the group tax sharing system, they will transition to the standalone tax payment system from the following consolidated fiscal year.」
The policy changed from the former consolidated taxation system to a transition to the standalone tax payment system from the following consolidated fiscal year without adopting the group tax sharing system. - FY2022-Q3RestatedAnnual report
「With respect to the transition to the group tax sharing system and items for which the standalone tax payment system was revised in connection with that transition, … the amounts of 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 practice of calculating deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2022-Q2RestatedAnnual report
「With respect to the transition to the group tax sharing system and items for which the standalone tax payment system was revised in connection with that transition, … the amounts of 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 practice of calculating deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2022-Q1RestatedAnnual report
「With respect to the transition to the group tax sharing system and items for which the standalone tax payment system was revised in connection with that transition, … the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax effect accounting associated with the transition to the group tax sharing system, the practice of calculating deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2021RestatedAnnual report
「With respect 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 items for which the standalone tax payment system was revised in connection with that transition, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment, without applying the provisions of paragraph 44 of the “Implementation Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, 16 February 2018), in accordance with paragraph 3 of the “Practical Solution on the Accounting and Disclosure under the Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (ASBJ PITF No. 39, 31 March 2020).」
In connection with the transition to the group tax sharing system, the practice of calculating deferred tax assets and liabilities based on the tax laws before amendment continues. - FY2021-Q2First statedAnnual report
「With respect 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 items for which the standalone tax payment system was revised in connection with that transition, the amounts of deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment, without applying the provisions of paragraph 44 of the “Implementation Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, 16 February 2018), in accordance with paragraph 3 of the “Practical Solution on the Accounting and Disclosure under the Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (ASBJ PITF No. 39, 31 March 2020).」
For tax effect accounting associated with the transition to the group tax sharing system, the company states that, based on a specified practical solution, deferred tax assets and liabilities are calculated based on the tax laws before amendment.