Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System
First written in FY2021-Q1. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 1 of 12 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The company and certain domestic consolidated subsidiaries apply the group tax sharing system. In accordance with Practical Response Report No. 42, Accounting and Disclosure under the Group Tax Sharing System, they conduct accounting and disclosure for corporate income taxes and local corporate taxes, or accounting and disclosure for income taxes related to these taxes.」
The company continues to apply the group tax sharing system and conduct accounting and disclosure based on Practical Response Report No. 42. - FY2024RestatedAnnual report
「The company and certain domestic consolidated subsidiaries apply the group tax sharing system. In accordance with Practical Response Report No. 42, Accounting and Disclosure under the Group Tax Sharing System, they conduct accounting and disclosure for corporate income taxes and local corporate taxes, or accounting and disclosure for income taxes related to these taxes.」
The Company continues its transition from the consolidated taxation system to the group sharing system and applies the related accounting treatment and disclosure in accordance with Practical Response Report No. 42. - FY2023-Q1AchievedAnnual report
「The company and certain domestic consolidated subsidiaries have transitioned from the consolidated taxation system to the group tax sharing system beginning with the first quarter of the fiscal year under review. Accordingly, the accounting and disclosure for corporate income taxes, local corporate taxes and accounting for income taxes are conducted in accordance with the Practical Response Report No. 42, Accounting and Disclosure under the Group Tax Sharing System.」
Although the company had disclosed its application policy for accounting for income taxes related to the transition through the previous fiscal year, it actually transitioned from the consolidated taxation system to the group tax sharing system beginning in the first quarter and began accounting and disclosure based on Practical Response Report No. 42. - FY2021-Q3RestatedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The application policy for accounting for income taxes in connection with the transition to the group tax sharing system is reproduced in the additional information. - FY2021-Q2RestatedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The application policy for accounting for income taxes in connection with the transition to the group tax sharing system is reproduced in the additional information. - FY2021-Q1First statedAnnual report
「Our company and certain domestic consolidated subsidiaries will transition to the group sharing system established under the Act Partially Amending the Income Tax Act and Other Acts (Act No. 8 of 2020). For items revised in connection with the transition from the consolidated taxation system to the group sharing system, we apply the treatment under Paragraph 3 of Practical Solution No. 39 on the Application of Tax Effect Accounting for the Transition from the Consolidated Taxation System to the Group Sharing System and do not apply Paragraph 44 of the Implementation Guidance on Tax Effect Accounting. Deferred tax assets and liabilities are therefore measured based on the provisions of the tax laws before amendment.」
The company first disclosed an additional accounting policy for tax-effect accounting relating to the transition to the group relief system under Practical Solution Report No. 39.