Tax-effect accounting treatment following the transition to the group tax-sharing system
First written in FY2021-Q1. 1 of 4 entries say "Restated". Latest entry: FY2023-Q1.
- FY2023-Q1AchievedAnnual report
「The Company and its domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current consolidated fiscal year.」
The transition to the group tax sharing system, which had been scheduled for the following consolidated fiscal year in the previous fiscal year, was implemented from the first quarter of the current consolidated fiscal year. - FY2022AdvancedAnnual report
「The company and its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system beginning with the following consolidated fiscal year.」
The company specified that the group tax sharing system is scheduled to be applied from the following consolidated fiscal year and plans to apply the related accounting and disclosure standards. - FY2021-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries are applying the provisions of tax laws prior to the amendments under the treatment concerning the application of tax-effect accounting in connection with the transition to the group tax sharing system.」
The company continues to disclose the applicable treatment for tax-effect accounting in connection with the transition to the group tax sharing system, as disclosed from the previous quarter. - FY2021-Q1First statedAnnual report
「The company and its domestic consolidated subsidiaries are applying the provisions of tax laws prior to the amendments under the treatment prescribed in Paragraph 3 of Practical Response Report No. 39, "Treatment of the Application of Tax Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System" (31 March 2020), for matters relating to the transition to the group tax sharing system established under the Act Partially Amending the Income Tax Act, etc. (Act No. 8 of 2020), and for matters subject to revisions to the single-entity taxation system accompanying that transition.」
The company newly disclosed the accounting treatment applied to tax-effect accounting in connection with the transition to the group tax sharing system, based on Practical Response Report No. 39.