Tax-effect accounting treatment accompanying the transition to the group tax sharing system
First written in FY2020. 3 of 5 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 certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year.」
It states that the transition from the consolidated taxation system to the group tax sharing system was implemented from the first quarter of the current consolidated accounting period. - FY2021-Q3RestatedAnnual report
「With respect to the transition 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-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
The accounting treatment for tax effects associated with the transition to the group tax sharing system has continued to be applied from the previous fiscal year. - FY2021-Q2RestatedAnnual report
「With respect to the transition 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-company tax payment system was revised in conjunction with that transition, the company and its consolidated subsidiaries did not apply the provisions of Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System (ASBJ PITF No. 39, 31 March 2020). Accordingly, deferred tax assets and deferred tax liabilities were measured based on the provisions of the tax laws before amendment.」
The accounting treatment for tax effects associated with the transition to the group tax sharing system has continued to be applied from the previous fiscal year. - FY2021-Q1RestatedAnnual report
「Regarding the transition 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 matters reviewed in conjunction with that transition under the stand-alone taxation system, the Company and its consolidated subsidiaries have not applied the provisions of paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), pursuant to paragraph 3 of the Practical Solution on the Accounting and Disclosure under the Group Total System (Practical Solution No. 39, 31 March 2020). The amounts of deferred tax assets and deferred tax liabilities are therefore based on the provisions of tax laws before the revisions.」
The accounting treatment for tax effects associated with the transition to the group tax sharing system has continued to be applied from the previous fiscal year. - FY2020First statedAnnual report
「Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System」
The Company applied the Practical Response Report on the transition to the group tax sharing system and revised the single-company taxation system, and calculated deferred tax assets and liabilities based on the tax law before amendment.