Transition to the group tax-sharing system
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
6 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「Previously, income taxes and other taxes were calculated using the same method as for the annual financial statements. However, because the group tax sharing system was applied from the first quarter of the current consolidated fiscal year, the method was changed from the first quarter of the current consolidated fiscal year to ensure a prompt and efficient response to quarterly reporting. Under the new method, the effective tax rate after applying tax-effect accounting to profit before income taxes for the consolidated fiscal year is reasonably estimated, and quarterly profit before income taxes is multiplied by that estimated effective tax rate.」
The planned move from the standalone tax payment system to the group tax sharing system was implemented from the first quarter of the current consolidated fiscal year, and the method of calculating income taxes and other taxes was also changed. - FY2022First statedAnnual report
「The company and certain domestic consolidated subsidiaries applied for and received approval during the consolidated fiscal year to apply the group tax sharing system. Accordingly, from the following consolidated fiscal year, they will move from the standalone tax payment system to the group tax sharing system.」
Following the application for and receipt of approval, the company disclosed that it will move from the standalone tax payment system to the group tax sharing system from the following consolidated fiscal year.