Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2021-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2024-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group relief system from the current first quarter. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting comply with the Accounting and Disclosure Treatment When Applying the Group Relief System (Practical Response Report No. 42).」
Moving beyond the previous disclosure on transition preparations and related treatment, the company transitioned from the consolidated taxation system to the group tax sharing system beginning in the first quarter of the current fiscal year. - FY2021-Q1First statedAnnual report
「The Company and certain domestic consolidated subsidiaries have applied the amounts of deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment, pursuant to Paragraph 3 of “Treatment for Applying Tax Effect Accounting Related to the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (Practical Response Report No. 39, 31 March 2020), 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 standalone taxation system was reviewed in conjunction with that transition. …」
The company added disclosure on the treatment of tax-effect accounting associated with the transition to the group tax sharing system as supplementary information beginning in the current quarter.