Nikkiso Co., Ltd.
(Disclosure of Progress Matters) Appeal Procedures to the Supreme Court Regarding Tax Adjustment under the Tax Haven Countermeasures Taxation System (Filing of Petition for Acceptance of Appeal, etc.)
On February 10, 2026, Nikkiso Co., Ltd. decided to proceed with an appeal to the Supreme Court regarding a tax adjustment under the Tax Haven Countermeasures Taxation System. Approximately 1.7 billion yen in corporate income tax was recorded in the fiscal year ending December 2021.
Key Figures
- Corporate Income Tax Recorded Amount: Approximately 1.7 billion yen (Fiscal Year Ending December 2021)
- Tokyo District Court Judgment Date: 2025-05-16 (Claim Dismissed)
- Tokyo High Court Judgment Date: 2026-01-29 (Claim Dismissed)
AI要約
Overview of Progress Matters
Nikkiso Co., Ltd. received a tax adjustment for fiscal year 2018 business income related to non-compliance with exclusion requirements under the Tax Haven Countermeasures Taxation System applied to three foreign subsidiaries within its consolidated subsidiary group. In response, it filed an annulment lawsuit with the Tokyo District Court in February 2021, but on May 16, 2025, the court rejected the claim. The Tokyo High Court, where the appeal was filed, issued a similar ruling on January 29, 2026.
Outlook and Impact
The company has expressed dissatisfaction with these rulings and decided on February 10, 2026, to proceed with appeal procedures (filing of petition for acceptance of appeal, etc.) to the Supreme Court. Approximately 1.7 billion yen in corporate income tax was recorded and paid in the fiscal year ending December 2021. While no impact on current period performance is expected, depending on future rulings there is a possibility of impact on current or future earnings. The company will promptly notify if any disclosure-worthy events occur.
