Adoption of Revised Tax-Effect Accounting Standards
First written in FY2019-Q1. 8 of 12 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2024: 3 of 9 companies on the "Worse" side.
- FY2023-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group relief system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate and local corporate taxes and tax-effect accounting follow the Treatment for Accounting and Disclosure When Applying the Group Relief System.」
The Company changed from disclosing the transition to the group sharing system as scheduled through the previous fiscal year to actually applying it from the first quarter of the current consolidated fiscal year. - FY2022AdvancedAnnual report
「The Company and certain consolidated subsidiaries will transition from the consolidated taxation system to the group aggregation system from the next consolidated fiscal year.」
The disclosure changed from the tax-effect accounting treatment associated with the previous transition to explicitly state that the group sharing system is scheduled to be applied from the next consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group sharing system and items for which the single-entity taxation system was reviewed in connection with that transition, the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions, in accordance with "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System."」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group sharing system continues to be disclosed. - FY2022-Q2RestatedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group 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 single-entity taxation system was reviewed in connection with that transition, the provisions of Paragraph 44 of the Implementation Guidance on Accounting Standard for Tax-Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied under Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System" (31 March 2020), and the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions.」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group sharing system continues to be disclosed. - FY2021RestatedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group sharing system and items for which the single-entity taxation system was reviewed in connection with that transition, the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions, in accordance with "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System."」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group sharing system continues to be disclosed. - FY2021-Q3RestatedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group 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 single-entity taxation system was reviewed in connection with that transition, the provisions of Paragraph 44 of the Implementation Guidance on Accounting Standard for Tax-Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) are not applied under Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System" (31 March 2020), and the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions.」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group sharing system continues to be disclosed. - FY2021-Q1RestatedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group sharing system and items for which the single-entity taxation system was reviewed in connection with that transition, the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions, in accordance with "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System."」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group sharing system continues to be disclosed. - FY2020ReframedAnnual report
「For the Company and certain domestic consolidated subsidiaries, with respect to the transition to the group 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 single-entity taxation system was reviewed in connection with that transition, the amounts of deferred tax assets and other items are based on the provisions of the tax laws before the revisions, in accordance with Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Sharing System" (31 March 2020).」
The tax-effect accounting treatment associated with the transition from the consolidated taxation system to the group sharing system was added to the applicable topics under the tax-effect accounting standards. - FY2019RestatedAnnual report
「The company has applied the Partial Amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) from the beginning of the current consolidated fiscal year, and presents deferred tax assets under investments and other assets.」
The application from the beginning of the fiscal year of the revisions to the standards for tax-effect accounting and the change in the presentation classification of deferred tax assets continue to be disclosed. - FY2019-Q3RestatedAnnual report
「The Company has applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter consolidated accounting period, and presents deferred tax assets under investments and other assets.」
The application from the beginning of the fiscal year of revisions to the standards for tax-effect accounting and related matters, and the change in the presentation classification of deferred tax assets, continue to be disclosed. - FY2019-Q2RestatedAnnual report
「The Company has applied the “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter consolidated accounting period, and presents deferred tax assets under investments and other assets.」
The application from the beginning of the fiscal year of revisions to the standards for tax-effect accounting and related matters, and the change in the presentation classification of deferred tax assets, continue to be disclosed. - FY2019-Q1First statedAnnual report
「The “Partial Amendments to the Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28, 16 February 2018) and other relevant standards have been applied from the beginning of the first quarter of the current consolidated fiscal year, and deferred tax assets are presented under investments and other assets.」
The Company applied revisions to the standards for tax-effect accounting and related matters from the beginning of the fiscal year, and changed the presentation classification of deferred tax assets.