Application of amended accounting standards for income taxes
First written in FY2025-H1. 1 of 2 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026-H1.
- FY2026-H1AdvancedAnnual report
「Our group has applied paragraph 7 of Practical Solution No. 46, Accounting for and Disclosure of Corporate Income Taxes Related to the Global Minimum Tax Regime, and has not recognized corporate income taxes related to the international minimum tax amount for the applicable fiscal year, including the current interim consolidated accounting period.」
The Group applied the accounting and disclosure treatment for the global minimum tax regime and did not recognize corporate income taxes related to the global minimum tax for the covered fiscal year. - FY2025-H1First statedAnnual report
「The Accounting Standard for Accounting for Income Taxes, Local Taxes and Business Taxes (ASBJ Statement No. 27, 28 October 2022) and related standards have been applied from the beginning of the current interim consolidated accounting period. In connection with the amendments related to the review of the treatment in consolidated financial statements when gains or losses on the sale of shares in subsidiaries and other entities between consolidated companies are deferred for tax purposes, the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 28 October 2022) has been applied from the beginning of the current interim consolidated accounting period.」
The amendments to the accounting standard for income taxes and the guidance on tax effect accounting were applied from the beginning of the fiscal year, and the financial statements for prior periods were restated retrospectively. The impact on the financial statements was considered immaterial.