Impact of COVID-19 on Accounting Estimates
First written in FY2021-Q3. 2 of 5 entries say "Softened", first in FY2021. Latest entry: FY2022.
Taiyo Kisokogyo moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2022SoftenedAnnual report
「The effects of the spread of COVID-19 on accounting estimates are described in “V. Financial Position, Operating Results and Other Information, 1. Financial Statements, (1) Financial Statements, Notes to Financial Statements (Additional Information),” and are therefore omitted here.」
Details regarding the impact of the pandemic on accounting estimates are omitted from the main text, which only refers readers to the notes to the financial statements. - FY2022-Q2RestatedAnnual report
「Although the outlook for when the effects of COVID-19 will subside remains uncertain, as of the date of filing the quarterly report, we assume that they will not have a material impact on accounting estimates such as impairment of fixed assets and the recoverability of deferred tax assets at the end of the current quarter.」
While the timing of the end of the pandemic remains uncertain, we continue to assume as of the filing date that it has no material impact on impairment of fixed assets, the recoverability of deferred tax assets or similar matters. - FY2022-Q1RestatedAnnual report
「Although the outlook for when the effects of COVID-19 will subside remains uncertain, as of the date of filing the quarterly report, we assume that they will not have a material impact on accounting estimates such as impairment of fixed assets and the recoverability of deferred tax assets at the end of the current quarter.」
While the timing of the end of the pandemic remains uncertain, we continue to assume as of the filing date that it has no material impact on accounting estimates such as impairment of fixed assets and the recoverability of deferred tax assets. - FY2021SoftenedAnnual report
「The effects of the spread of COVID-19 on accounting estimates are described in “V. Financial Position, Operating Results and Other Information, 1. Financial Statements, (1) Financial Statements, Notes to Financial Statements (Additional Information),” and are therefore omitted here.」
The impact of the pandemic on accounting estimates remains subject to disclosure, but details are omitted from the main text and the relevant information is included in the notes to the financial statements. - FY2021-Q3First statedAnnual report
「Although the outlook for when the effects of COVID-19 will subside remains uncertain, as of the date of filing the quarterly report, we assume that they will not have a material impact on accounting estimates such as impairment of fixed assets and the recoverability of deferred tax assets at the end of the current quarter. However, as there are many uncertainties regarding the future effects of COVID-19 on economic activity, any change in these assumptions could affect our financial position and operating results.」
Although the timing of the end of the pandemic remains uncertain, as of the filing date we assume that it has no material impact on estimates such as impairment of fixed assets and the recoverability of deferred tax assets, and we describe the potential impact on our financial position and operating results if these assumptions change in the future.