Accounting estimates based on the continuing impact of COVID-19
First written in FY2021-Q2. 3 of 6 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Softened".
- FY2022SoftenedAnnual report
「The figures were calculated based on currently available data, assuming that the impact of COVID-19 would gradually converge and recover toward September 2023.」
The assumed timing for the impact of the infectious disease to converge and recovery to begin was extended from September 2022 to September 2023. - FY2022-Q3RestatedAnnual report
「There were no material changes to the key assumptions used in the accounting estimates concerning the impact of COVID-19 described in the previous fiscal year's Annual Securities Report under “Notes (Significant Accounting Estimates).”」
The Company stated that there were no significant changes to the key assumptions used in accounting estimates related to the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There were no material changes to the key assumptions used in the accounting estimates concerning the impact of COVID-19 described in the previous fiscal year's Annual Securities Report under “Notes (Significant Accounting Estimates).”」
The Company stated that there were no significant changes to the key assumptions used in accounting estimates related to the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There were no significant changes to the key assumptions used in the accounting estimates related to the impact of COVID-19 described in the “Notes to the Financial Statements (Significant Accounting Estimates)” section of the previous fiscal year's annual securities report.」
The Company stated that there were no significant changes to the key assumptions used in accounting estimates related to the impact of COVID-19. - FY2021-Q3ReframedAnnual report
「Regarding the impact of COVID-19, the previous fiscal year's annual securities report assumed under “Additional Information” (“Accounting Estimates Related to the Impact of the Spread of COVID-19”) that “the situation would gradually converge from the second quarter onward.” However, as the spread of COVID-19 subsequently continued, the Company assumed that the impact would persist in some businesses and changed the assumption used to assess indicators of goodwill impairment, the recoverability of deferred tax assets and other matters to one under which the situation would gradually converge and recover toward September 2022, reaching pre-pandemic business performance levels.」
The accounting estimate was made more specific by changing the previous assumption that “the situation would gradually converge from the second quarter onward” to an assumption that the impact on some businesses would continue before converging and recovering toward September 2022. - FY2021-Q2First statedAnnual report
「Regarding the impact of COVID-19, the previous fiscal year's annual securities report assumed under “Additional Information” (“Accounting Estimates Related to the Impact of the Spread of COVID-19”) that “the situation would gradually converge from the second quarter onward.” However, following the subsequent spread of COVID-19, the Company assumes that the impact will continue in some businesses. The resulting impact on accounting estimates is immaterial.」
The basis for accounting estimates was changed from the previous fiscal year's assumption that “the situation would gradually converge from the second quarter onward” to an assumption that the impact would continue in some businesses. After considering indicators of goodwill impairment and the recoverability of deferred tax assets, the impact on the estimates was deemed immaterial.