Application of Depreciation and Deferred Tax Accounting Following Tax Reforms and Accounting Guidance
First written in FY2017-Q2. 7 of 10 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「The Group has applied the “Accounting Standard for Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes” (ASBJ Statement No. 27, 28 October 2022; hereinafter, the “2022 Amended Accounting Standard”) and other standards from the beginning of the current interim consolidated fiscal period.」
We applied from the beginning of the current interim consolidated accounting period the accounting standards and related guidance on income taxes that had been scheduled in the prior fiscal year to apply from the beginning of the fiscal year ending March 2025. We state that there was no impact on the financial statements. - FY2024AdvancedAnnual report
「The scheduled effective date for the Accounting Standard for Current Income Taxes, Local Taxes and Enterprise Taxes and related standards is the beginning of the fiscal year ending March 2025.」
We disclosed that we are assessing the impact of applying the new tax-effect accounting standards and related guidance, which are scheduled to apply from the beginning of the fiscal year ending March 2025. - FY2020RestatedAnnual report
「Property, plant and equipment is depreciated using the declining-balance method. However, the straight-line method is used for buildings, excluding building fixtures, acquired on or after 1 April 1998, and for building fixtures and structures acquired on or after 1 April 2016.」
We continue to apply the accounting treatment of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016. - FY2019-Q3RestatedAnnual report
「We have adopted the partial revision of the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and related standards from the beginning of the first quarter of the fiscal year, and present deferred tax assets under investments and other assets.」
We applied revised standards and other guidance relating to tax-effect accounting from the beginning of the current first quarter of the fiscal year and continue to present deferred tax assets under investments and other assets. - FY2019-Q2RestatedAnnual report
「We have adopted the partial revision of the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, 16 February 2018) and related standards from the beginning of the first quarter of the fiscal year, and present deferred tax assets under investments and other assets.」
We applied revised standards and other guidance relating to tax-effect accounting from the beginning of the fiscal year and continue to present deferred tax assets under investments and other assets. - FY2019-Q1RestatedAnnual report
「The partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standard No. 28, 16 February 2018) and related standards have been applied from the beginning of the first quarter, and deferred tax assets are presented under investments and other assets.」
We applied revised standards and other guidance relating to tax-effect accounting from the beginning of the current first quarter of the fiscal year and continue to apply the accounting treatment that changes the presentation category for deferred tax assets. - FY2018RestatedAnnual report
「The declining-balance method is used. However, the straight-line method is used for buildings, excluding building fixtures, acquired on or after 1 April 1998, and for building fixtures and structures acquired on or after 1 April 2016.」
We continue to apply the accounting treatment of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016. - FY2017RestatedAnnual report
「In accordance with the revision of the Corporation Tax Act, we applied during the current consolidated fiscal year the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016), and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact of this change on the consolidated financial statements is immaterial.」
We continue to apply the implementation guidance on the change in the depreciation method and the recoverability of deferred tax assets, and state that the impact on profit and loss is immaterial. - FY2017-Q3RestatedAnnual report
「In accordance with the revision of the Corporation Tax Act, the company applied the Practical Treatment of Changes in Depreciation Methods Related to the FY2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first quarter of the current consolidated accounting period, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact of this change on income or loss for the cumulative third quarter of the current consolidated fiscal year is immaterial.」
We continue to apply the accounting treatment under which the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method, and state that the impact on profit and loss is immaterial. - FY2017-Q2First statedAnnual report
「Following the revision of the Corporation Tax Act, we applied the Practical Solution on Changes in Depreciation Methods Related to the FY2016 Tax Reform (Practical Solution Report No. 32, dated 17 June Heisei 28) from the first quarter of the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April Heisei 28 from the declining-balance method to the straight-line method. The impact of this change on earnings for the first six months of the current consolidated fiscal year was immaterial.」
Following the revision of the Corporation Tax Act, we changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. We also began applying the implementation guidance on the recoverability of deferred tax assets from the first quarter of the fiscal year.