Adoption of the consolidated taxation system and transition to the group aggregation system
First written in FY2021-Q1. 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-Q1AdvancedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the fiscal year under review.」
From the first quarter of the fiscal year under review, the Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system and applied the accounting and disclosure requirements under that system. - FY2022-Q3RestatedAnnual report
「For matters concerning the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and matters for which the standalone taxation system was revised in connection with that transition, the company and certain domestic consolidated subsidiaries have, pursuant to paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Aggregation System, calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The tax-effect accounting treatment for the transition from the consolidated taxation system to the group aggregation system continues. - FY2022-Q2RestatedAnnual report
「For matters concerning the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and matters for which the standalone taxation system was revised in connection with that transition, the company and certain domestic consolidated subsidiaries have, pursuant to paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Aggregation System, calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The tax-effect accounting treatment for the transition from the consolidated taxation system to the group aggregation system continues to be applied. - FY2021-Q1First statedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the consolidated taxation system from the current first-quarter consolidated accounting period. For matters concerning the transition to the group aggregation system established under the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and matters for which the standalone taxation system was revised in connection with that transition, the company and certain domestic consolidated subsidiaries have, pursuant to paragraph 3 of the Practical Response Report on the Application of Tax Effect Accounting in the Transition from the Consolidated Taxation System to the Group Aggregation System (Practical Response Report No. 39, 31 March 2020), not applied paragraph 44 of the Implementation Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), and have calculated deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The consolidated taxation system was applied from the first-quarter consolidated accounting period, and the tax-effect accounting treatment for the future transition to the group aggregation system is described.