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A subsidiary has to be consolidated if the parent has the power to govern the financial and operating policies of an entity.
There is no specific guidance on the scope of exceptions determined based on such as factors as sales or assets.
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Similar to IFRS, a subsidiary has to be consolidated if the parent has the power to govern the decision making body.
Under J-GAAP, a parent is permitted to exclude immaterial subsidiaries from the scope of consolidation.
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A subsidiary has to be consolidated if the parent owns, directly or indirectly, more than 50% of the outstanding voting
shares.
There is no specific guidance on the scope of exceptions determined based on such as factors as sales or assets.
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