Application of Tax Effect Accounting upon the Transition to the Group Tax-Sharing System
First written in FY2021-Q1. 7 of 9 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the first quarter of the current consolidated fiscal year. Accordingly, the accounting treatment and disclosures for corporate income taxes, local corporate taxes and tax-effect accounting are in accordance with the Practical Solution on the Accounting Treatment and Disclosure for Applying the Group Tax Sharing System (Practical Solution Report No. 42, 12 August 2021; hereinafter, “Practical Solution Report No. 42”).」
The transition to the group tax sharing system from the first quarter and the tax and tax-effect accounting treatment based on Practical Solution Report No. 42 have continued to be applied. - FY2023-Q2RestatedAnnual report
「Our company and its domestic consolidated subsidiaries changed from the consolidated taxation system to the group relief system from the first-quarter consolidated accounting period.」
The transition to the group tax sharing system and the related tax and tax-effect accounting treatment have continued to be applied from the first quarter. - FY2023-Q1AchievedAnnual report
「The company and its 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 fiscal year.」
The transition from the former consolidated taxation system to the group tax sharing system, which had previously been planned and in preparation, was implemented from the first quarter of the current consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Relating to the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020) 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 to items for which the single-entity taxation system was revised in connection with that transition. Accordingly, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
The company continues to apply the accounting treatment associated with the transition to the group relief system. - FY2022-Q1RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Relating to the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020) 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 to items for which the single-entity taxation system was revised in connection with that transition. Accordingly, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
The company continues to apply the accounting treatment associated with the transition to the group relief system. - FY2021RestatedAnnual report
「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), the Company and its domestic consolidated subsidiaries calculate deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before amendment.」
The company continues to apply the accounting treatment associated with the transition to the group relief system. - FY2021-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Relating to the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020) 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 to items for which the single-entity taxation system was revised in connection with that transition. Accordingly, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
The company continues to apply the accounting treatment associated with the transition to the group relief system. - FY2021-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Relating to the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020) 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 to items for which the single-entity taxation system was revised in connection with that transition. Accordingly, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax-effect accounting in connection with the transition to the group tax sharing system, the Company has continued the treatment disclosed in the previous quarter. - FY2021-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries have applied the treatment under Paragraph 3 of the Practical Solution on the Application of Tax Effect Accounting Relating to the Transition from the Consolidated Taxation System to the Group Tax Sharing System (Practical Solution Report No. 39, 31 March 2020) 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 to items for which the single-entity taxation system was revised in connection with that transition. Accordingly, without applying the provisions of Paragraph 44 of the Guidance on the Application of Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), deferred tax assets and deferred tax liabilities are calculated based on the provisions of the tax laws before amendment.」
For tax-effect accounting in connection with the transition to the group tax sharing system, the Company disclosed for the first time its treatment of calculating deferred tax assets and liabilities under the pre-amendment tax laws based on a specific practical solution report.