Application of the Accounting Standard for Income Taxes
First written in FY2025-H1. 1 of 2 entries say "Achieved", first in FY2025. Latest entry: FY2025.
- FY2025AchievedAnnual report
「We have applied the "Accounting Standard for Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes" (Accounting Standards Board of Japan Statement No. 27, dated 28 October 2022; hereinafter, the "2022 Revised Accounting Standard") and other standards from the beginning of the current consolidated fiscal year.」
The accounting standards for corporate income taxes, etc. were applied from the beginning of the current consolidated fiscal year. The change in the presentation of corporate income taxes, etc. had no impact, while the amendments concerning gains and losses on the sale of shares in subsidiaries and other entities were applied retrospectively. - FY2025-H1First statedAnnual report
「We have applied the “Accounting Standard for Tax Effect Accounting for Corporate Income Taxes, Resident Taxes and Enterprise Taxes, etc.” (Accounting Standard No. 27, 28 October 2022; hereinafter, the “2022 Revised Accounting Standard”) and related standards from the beginning of the current interim consolidated accounting period. Regarding the amendments concerning the presentation of corporate income taxes, etc. (taxation of other comprehensive income), we have followed the transitional treatment prescribed in the proviso to Paragraph 20-3 of the 2022 Revised Accounting Standard and the transitional treatment prescribed in the proviso to Paragraph 65-2(2) of the “Implementation Guidance on Tax Effect Accounting” (Implementation Guidance No. 28, 28 October 2022; hereinafter, the “2022 Revised Implementation Guidance”). The change in this accounting policy had no impact on the interim consolidated financial statements or consolidated financial statements. We have also applied the 2022 Revised Implementation Guidance from the beginning of the current interim consolidated accounting period regarding amendments related to the review of the treatment in consolidated financial statements where gains or losses on the sale of shares in subsidiaries and other entities between consolidated companies are deferred for tax purposes. This change in accounting policy has been applied retrospectively, and the interim consolidated financial statements for the previous interim consolidated accounting period and the consolidated financial statements for the previous fiscal year reflect the retrospective application. As a result, compared with before the retrospective application, deferred tax liabilities in the consolidated balance sheet for the previous fiscal year decreased by ¥1,243 million, while retained earnings increased by ¥1,243 million.」
The 2022 Revised Accounting Standard and related standards were applied from the beginning of the interim period of fiscal 2024. The change concerning the presentation of corporate income taxes, etc. had no impact on the financial statements, while the amendment concerning gains and losses on the sale of shares in subsidiaries and other entities was applied retrospectively, reducing deferred tax liabilities by ¥1,243 million and increasing retained earnings by ¥1,243 million.