Application of Tax Effect Accounting upon the Transition to the Group Tax-Sharing System
First written in FY2022-Q1. 6 of 9 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The company and certain domestic consolidated subsidiaries apply the group tax sharing system. In accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021), the company conducts accounting and disclosures for corporation tax and local corporation tax, as well as tax effect accounting relating to these taxes.」
The company continues the transition to the group tax sharing system and the accounting and disclosures based on ASBJ PITF No. 42. - FY2023RestatedAnnual report
「The company and certain domestic consolidated subsidiaries have applied the group tax sharing system from the current consolidated fiscal year. In accordance with Practical Solution on the Accounting and Disclosure under the Group Tax Sharing System (ASBJ PITF No. 42, 12 August 2021), the company conducts accounting and disclosures for corporation tax and local corporation tax, as well as tax effect accounting relating to these taxes.」
The company continues throughout the full year the transition to the group tax sharing system initiated in the first quarter and the accounting and disclosures based on ASBJ PITF No. 42. - FY2023-Q3RestatedAnnual report
「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 continues the transition to the group tax sharing system implemented from the first quarter and the accounting and disclosures based on ASBJ PITF No. 42. - FY2023-Q2RestatedAnnual report
「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 continues the transition to the group tax sharing system implemented from the first quarter and the accounting and disclosures based on ASBJ PITF No. 42. - FY2023-Q1AchievedAnnual report
「The Company and certain domestic consolidated subsidiaries transitioned from the consolidated tax system to the group tax-sharing system from the beginning of the first quarter of the current fiscal year. Accordingly, accounting and disclosure for corporate income taxes, local corporate taxes and tax-effect accounting are conducted in accordance with the Practical Solution on Accounting and Disclosure Under the Group Tax-Sharing System.」
Regarding ASBJ PITF No. 42, which had been scheduled for application from the beginning of the next consolidated fiscal year, the company transitioned to the group tax sharing system from the first quarter and applied it to its actual accounting and disclosures. - FY2022AdvancedAnnual report
「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 has specified its plan to apply ASBJ PITF No. 42 from the beginning of the next consolidated fiscal year in connection with the transition to the group tax sharing system. - FY2022-Q3RestatedAnnual report
「For the transition by the company and its domestic 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 for items relating to revisions to the single-entity taxation system made in conjunction with that transition,」
The company continues to disclose the applicable treatment of tax effect accounting in connection with the transition to the group tax sharing system. - FY2022-Q2RestatedAnnual report
「For the transition by the company and its domestic 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 for items relating to revisions to the single-entity taxation system made in conjunction with that transition,」
The company continues to disclose the applicable treatment of tax effect accounting in connection with the transition to the group tax sharing system. - FY2022-Q1First statedAnnual report
「For the transition to the group tax-sharing system established by the Act Partially Amending the Income Tax Act and Other Legislation (Act No. 8 of 2020), and for items reviewed in connection with that transition, the Company and its domestic consolidated subsidiaries apply the provisions of the tax laws before amendment to the amounts of deferred tax assets and deferred tax liabilities, in accordance with paragraph 3 of Practical Response Report No. 39, “Accounting and Tax Effect Accounting Treatment for the Transition from the Consolidated Taxation System to the Group Tax-Sharing System,” without applying paragraph 44 of the Guidance on Recoverability of Deferred Tax Assets.」
The company newly discloses the applicable treatment of tax effect accounting in connection with the transition to the group tax sharing system, including its domestic consolidated subsidiaries.