Tax-effect accounting in connection with the transition to the group tax sharing system
First written in FY2021-Q1. 7 of 10 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the group tax sharing system from the current consolidated fiscal year. In accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021), the company conducts accounting and disclosures for corporation tax and local corporation tax, as well as tax effect accounting relating to these taxes.」
The transition to the consolidated taxation system planned in the previous fiscal year was also applied for the full year, and the accounting treatment and disclosures based on Practical Response Report No. 42 continued. - FY2023-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting are in accordance with the Practical Solution on the Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (Practical Solution Report No. 42, 12 August 2021; hereinafter, “Practical Solution Report No. 42”).」
The transition to the group tax sharing system from the first quarter of the consolidated fiscal year, and the accounting and disclosure based on Practical Solution Report No. 42, continue. - FY2023-Q1AchievedAnnual report
「The company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group aggregation system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure under the Group Aggregation System (Practical Issues Task Force Report No. 42, 12 August 2021; hereinafter, “Practical Issues Task Force Report No. 42”).」
The transition to the consolidated taxation system, which had been planned in the previous fiscal year, was implemented from the first quarter of the current consolidated fiscal year, and the related accounting treatment and disclosures were applied. - FY2022Specification of the planned transition in the following fiscal yearAnnual report
「The company plans to apply, from the beginning of the following consolidated fiscal year, the Accounting Treatment and Disclosure under the Consolidated Taxation System (Practical Response Report No. 42, 12 August 2021), which prescribes the accounting treatment and disclosures for corporate tax, local corporate tax and tax-effect accounting when applying the consolidated taxation system.」
It was stated that new accounting treatment and disclosure requirements in connection with the transition to the consolidated taxation system would be applied from the beginning of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
The previous treatment has continued to be applied to tax-effect accounting in connection with the transition to the consolidated taxation system. - FY2022-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
The previous treatment has continued to be applied to tax-effect accounting in connection with the transition to the consolidated taxation system. - FY2022-Q1RestatedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
The previous treatment has continued to be applied to tax-effect accounting in connection with the transition to the consolidated taxation system. - FY2021-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
The same treatment as in the previous quarter has continued to be applied to tax-effect accounting in connection with the transition to the consolidated taxation system. - FY2021-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
The same treatment as in the previous quarter has continued to be applied to tax-effect accounting in connection with the transition to the consolidated taxation system. - FY2021-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries are transitioning to the group tax sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group tax sharing system, deferred tax assets and deferred tax liabilities are measured under the provisions of the tax laws before the amendments, in accordance with Paragraph 3 of Practical Solution Report No. 39, without applying Paragraph 44 of the Implementation Guidance on Tax Effect Accounting.」
Additional information was provided stating that deferred tax assets and liabilities would be calculated based on the tax laws before amendment in connection with the accounting treatment of tax effects arising from the transition to the consolidated taxation system.