Application of Tax Effect Accounting in Connection with the Transition to the Group Tax Sharing System
First written in FY2021-Q3. 7 of 10 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries apply the group tax-sharing system and account for and disclose corporate tax and local corporate tax, or tax-effect accounting related to these taxes, in accordance with “Accounting Treatment and Disclosure When Applying the Group Tax-Sharing System.”」
The Group continues to apply the Group Tax Sharing System, implemented from the fiscal year ended March 2023, and the accounting treatment and disclosure based on Practical Issues Task Force Report No. 42. - FY2023-Q3RestatedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated tax payment system to the Group Tax Sharing System from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate tax, local corporate tax, and tax-effect accounting follow the “Accounting and Disclosure Under the Group Tax Sharing System” (Practical Issues Task Force Report No. 42, 12 August 2021; hereinafter, “Practical Issues Task Force Report No. 42”).」
The filing continues to describe the transition to the Group Tax Sharing System, completed from the first quarter, and the accounting treatment and disclosure based on Practical Issues Task Force Report No. 42. - FY2023-Q2RestatedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated tax payment system to the Group Tax Sharing System from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate tax, local corporate tax, and tax-effect accounting follow the “Accounting and Disclosure Under the Group Tax Sharing System” (Practical Issues Task Force Report No. 42, 12 August 2021; hereinafter, “Practical Issues Task Force Report No. 42”).」
The filing continues to describe the transition to the Group Tax Sharing System, completed from the first quarter, and the accounting treatment and disclosure based on Practical Issues Task Force Report No. 42. - FY2023-Q1AchievedAnnual report
「The Company and certain consolidated subsidiaries transitioned from the consolidated tax payment system to the Group Tax Sharing System from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosure for corporate tax, local corporate tax, and tax-effect accounting follow the “Accounting and Disclosure Under the Group Tax Sharing System” (Practical Issues Task Force Report No. 42, 12 August 2021; hereinafter, “Practical Issues Task Force Report No. 42”).」
The Company actually transitioned from the consolidated tax payment system to the Group Tax Sharing System from the first quarter of the current fiscal year, as planned in the previous fiscal year for the following consolidated fiscal year. The tax and tax-effect accounting treatment and disclosure follow Practical Issues Task Force Report No. 42. - FY2022AdvancedAnnual report
「The Company and its consolidated subsidiaries will transition from the consolidated taxation system to the group tax sharing system beginning in the following consolidated fiscal year.」
The transition to the Group Tax Sharing System will be applied from the following consolidated fiscal year. In addition, the Company plans to apply Practical Issues Task Force Report No. 42 from the beginning of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
The filing continues to state that, in connection with the transition to the Group Tax Sharing System, deferred tax assets and liabilities for tax-effect accounting are calculated based on the tax laws in effect before the amendments. - FY2022-Q2RestatedAnnual report
「The Company and certain consolidated subsidiaries have been transitioning from the consolidated taxation system to the group tax sharing system, and, for items relating to the related review of the single-entity taxation system, the “Treatment of the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System”」
The filing reconfirms as additional information that the accounting treatment related to the transition to the Group Tax Sharing System continues to be applied. - FY2022-Q1RestatedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
The filing continues to state that, in connection with the transition to the Group Tax Sharing System, deferred tax assets and liabilities for tax-effect accounting are calculated based on the tax laws in effect before the amendments. - FY2021RestatedAnnual report
「Regarding the transition by the Company and its consolidated subsidiaries 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 standalone tax payment system was revised in connection with that transition,」
The annual disclosure confirms that, in connection with the transition to the Group Tax Sharing System, deferred tax assets and liabilities for tax-effect accounting are calculated based on the tax laws in effect before the amendments. - FY2021-Q3First statedAnnual report
「The Company and certain consolidated subsidiaries have applied the provisions of Paragraph 3 of the Practical Response Report No. 39, "Accounting Treatment for the Application of Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Aggregation System" (31 March 2020), with respect to the transition to the group aggregation 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-entity taxation system was revised in conjunction with that transition. Accordingly, the provisions of Paragraph 44 of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018) have not been applied, and deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before the amendments.」
The filing newly discloses that, in connection with the transition to the Group Tax Sharing System, deferred tax assets and liabilities are calculated based on the tax laws in effect before the amendments.