Tax Effect Accounting in Connection with the Transition to the Group Taxation System
First written in FY2022-Q2. 2 of 4 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 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 fiscal year.」
The company implemented the transition to the group tax sharing system, which had been scheduled for the following fiscal year, from the first quarter of the current consolidated fiscal year. - FY2022RestatedAnnual report
「The company and its domestic consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system from the next consolidated fiscal year.」
The company continues to disclose the transition to the group tax sharing system in the following fiscal year and the associated treatment under tax effect accounting. - FY2022-Q3RestatedAnnual report
「With respect to the transition by the company and its domestic consolidated subsidiaries 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 single-entity tax payment system was revised in connection with that transition,」
The company continues to disclose its treatment of tax effect accounting associated with the transition to the group tax sharing system. - FY2022-Q2First statedAnnual report
「With respect to the transition by the company and its domestic consolidated subsidiaries 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 single-entity tax payment system was revised in connection with that transition, the company has applied the treatment prescribed in Paragraph 3 of Practical Response Report No. 39, “Treatment of the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (31 March 2020), and has not applied Paragraph 44 of the Guidance on the Application of Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018). Accordingly, 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 company has stated a policy of calculating deferred tax assets and liabilities based on the tax laws before amendment, in accordance with the practical response report concerning the transition.