Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Tax Sharing System

「The company and certain domestic consolidated subsidiaries apply the group aggregation system and comply with the Treatment of Accounting and Disclosure When Applying the Group Aggregation System (Practical Response Report No. 42, 12 August 2021).」

「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」

「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter. Accordingly, the accounting and disclosure treatment for corporation tax, local corporation tax and tax effect accounting is conducted in accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021, hereinafter “ASBJ PITF No. 42”).」

「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current consolidated fiscal year. Accordingly, accounting and disclosure for corporate and local taxes and tax effect accounting comply with the “Implementation Guidance on Accounting and Disclosure under the Group Tax Sharing System” (ASBJ Practical Issues Task Force Report No. 42, 12 August 2021).」

「Beginning at the start of the following consolidated fiscal year, the Company planned to apply the Practical Solution on Accounting and Disclosure under the Group Tax-Sharing System (Practical Solution Report No. 42, 12 August 2021), which prescribes accounting and disclosure treatments for corporate and local corporate taxes and tax-effect accounting when applying the group tax-sharing system.」

「The company and certain domestic consolidated subsidiaries apply the transitional tax-effect accounting treatment in connection with the transition to the group tax sharing system.」

「The company and certain domestic consolidated subsidiaries apply the transitional tax-effect accounting treatment in connection with the transition to the group tax sharing system.」

「The company and certain domestic consolidated subsidiaries apply the transitional tax-effect accounting treatment in connection with the transition to the group tax sharing system.」

「The company and certain domestic consolidated subsidiaries base the amounts of deferred tax assets and deferred tax liabilities on the provisions of the tax laws before amendment.…」

「The company and certain domestic consolidated subsidiaries apply the transitional tax-effect accounting treatment in connection with the transition to the group tax sharing system.」

「The company and certain domestic consolidated subsidiaries apply the transitional tax-effect accounting treatment in connection with the transition to the group tax sharing system.」

「The company and certain domestic consolidated subsidiaries apply the transitional treatment under Paragraph 3 of Practical Solution No. 39, Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System, to deferred tax assets and deferred tax liabilities for items created by the transition to the group tax-sharing system and by revisions to the standalone taxation system made in connection with that transition, using the provisions of the tax laws before amendment.」