Application of Tax-Effect Accounting in Connection with the Transition from the Consolidated Taxation System to the Group Aggregation System
First written in FY2021-Q2. 5 of 7 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2023-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system from the beginning of the first quarter of the current consolidated fiscal year.」
The planned transition from the consolidated taxation system to the group taxation system was implemented from the first quarter of the consolidated fiscal year under review. - FY2022RestatedAnnual report
「The Company and certain domestic consolidated subsidiaries will transition from the consolidated taxation system to the group aggregation system beginning with the following consolidated fiscal year.」
The company continues to describe the planned application of the group taxation system from the following consolidated fiscal year and the tax effect accounting treatment based on the Practical Response Report. - FY2022-Q3RestatedAnnual report
「The company and certain of its domestic consolidated subsidiaries, with respect to the transition to the group taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the standalone taxation system was revised in conjunction with the transition to the group taxation system, apply the treatment prescribed in Paragraph 3 of the Practical Response Report No. 39, “Application of Tax Effect Accounting in Transitioning from the Consolidated Taxation System to the Group Taxation System” (31 March 2020), and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), instead calculating deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
The company continues to state the accounting treatment applied in connection with the transition to the group taxation system. - FY2022-Q2RestatedAnnual report
「The company and certain of its domestic consolidated subsidiaries, with respect to the transition to the group taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the standalone taxation system was revised in conjunction with the transition to the group taxation system, apply the treatment prescribed in Paragraph 3 of the Practical Response Report No. 39, “Application of Tax Effect Accounting in Transitioning from the Consolidated Taxation System to the Group Taxation System” (31 March 2020), and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), instead calculating deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
The company continues to state the accounting treatment applied in connection with the transition to the group taxation system. - FY2021RestatedAnnual report
「Accounting treatment for the application of tax-effect accounting in connection with the transition from the consolidated taxation system to the group totalization system」
The company continues to state the accounting treatment applied in connection with the transition to the group taxation system. - FY2021-Q3RestatedAnnual report
「The company and certain of its domestic consolidated subsidiaries, with respect to the transition to the group taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the standalone taxation system was revised in conjunction with the transition to the group taxation system, apply the treatment prescribed in Paragraph 3 of the Practical Response Report No. 39, “Application of Tax Effect Accounting in Transitioning from the Consolidated Taxation System to the Group Taxation System” (31 March 2020), and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), instead calculating deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
The company continues to state the accounting treatment applied in connection with the transition to the group taxation system. - FY2021-Q2First statedAnnual report
「The company and certain of its domestic consolidated subsidiaries, with respect to the transition to the group taxation system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020) and matters for which the standalone taxation system was revised in conjunction with the transition to the group taxation system, apply the treatment prescribed in Paragraph 3 of the Practical Response Report No. 39, “Application of Tax Effect Accounting in Transitioning from the Consolidated Taxation System to the Group Taxation System” (31 March 2020), and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, 16 February 2018), instead calculating deferred tax assets and deferred tax liabilities based on the provisions of the tax laws before the amendments.」
For tax effect accounting associated with the transition to the group taxation system, the company described for the first time the method of application based on the Practical Response Report.