Preparation for the Adoption of New Accounting Standards on Income Taxes and Comprehensive Income
First written in FY2024. 1 of 2 entries say "Achieved", first in FY2025-H1. Latest entry: FY2025-H1.
- FY2025-H1AchievedAnnual report
「We have applied the “Accounting Standard for Accounting for Income Taxes, Local Taxes and Business Taxes, etc.” (ASBJ Statement No. 27, 28 October 2022) and related standards from the beginning of the interim consolidated accounting period.」
The amended accounting standards and related guidance issued in 2022, which had been scheduled for adoption in the previous fiscal year, were actually applied from the beginning of the current interim consolidated accounting period. The company states that there was no impact on the financial statements. - FY2024First statedAnnual report
「“Accounting Standard for Accounting for Income Taxes, Inhabitant Taxes and Enterprise Taxes, etc.” (ASBJ Statement No. 27, 28 October 2022); “Accounting Standard for Presentation of Comprehensive Income” (ASBJ Statement No. 25, 28 October 2022); “Guidance on Accounting Standard for Tax Effect Accounting” (ASBJ Guidance No. 28, 28 October 2022). The standards will be applied from the beginning of the fiscal year ending March 2025. The amount of the impact of applying these accounting standards and related guidance on the consolidated financial statements is currently under evaluation.」
The company first stated that the amended accounting standards and related guidance concerning the presentation classification of tax expenses and the tax effects of selling shares in subsidiaries and other investments were scheduled to be applied from the beginning of the fiscal year ending March 2025, and that the amount of their impact was being evaluated.