Uncertainty in Accounting Estimates Due to COVID-19
First written in FY2021-Q1. 4 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
65 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThis annual securities report contains no separate disclosure identifiable as addressing the uncertainty of accounting estimates arising from COVID-19.
- FY2023-Q2RestatedAnnual report
「Regarding the impact of COVID-19 on our group, no material changes have been made to the assumptions in "Significant Accounting Estimates and Judgments" described in the quarterly report for the first quarter of the current consolidated fiscal year, covering the period from 1 April 2022 to 30 June 2022.」
Stated that there had been no material changes from the first quarter to the assumptions underlying accounting estimates and judgments concerning COVID-19. - FY2023-Q1RestatedAnnual report
「Because the spread of COVID-19 has both positive and negative effects on demand for IT investment, we have prepared our forecasts for the current consolidated fiscal year based on the assumption that it will have no material impact in fiscal 2022.」
Continues to use an accounting estimate based on the assumption that COVID-19 will have no material impact on fiscal 2022 results, considering its positive and negative effects on demand for IT investment. The view that uncertainty remains high is also maintained. - FY2022ReframedAnnual report
「Because the spread of COVID-19 has both positive and negative effects on demand for IT investment, we have prepared our forecasts for the following consolidated fiscal year based on the assumption that it will have no material impact in fiscal 2022.」
Updated the assumption used in accounting estimates concerning the impact of COVID-19 from no material impact in fiscal 2021 to no material impact in fiscal 2022. The view that uncertainty remains high is maintained. - FY2021ReframedAnnual report
「Accordingly, because the spread of COVID-19 has both positive and negative effects on IT investment, we have prepared our forecasts for the following consolidated fiscal year based on the assumption that it will have no material impact in fiscal 2021.」
Updated the estimate from the previous assumption that demand in the second half of fiscal 2020 would be generally at the same level as in the corresponding period of the previous year to an assumption that, considering the positive and negative effects on IT investment, there would be no material impact in fiscal 2021. The view that uncertainty remains high is maintained. - FY2021-Q3RestatedAnnual report
「The spread of COVID-19 remains without a clear prospect of containment, and the outlook for the level of economic activity in the current fiscal year remains difficult. Although the impact of the spread of the infection on business activities is expected to continue for a certain period, we have prepared our forecasts for the current consolidated fiscal year based on the assumption that demand in the second half of fiscal 2020 will be generally at the same level as in the corresponding period of the previous year.」
Continues to describe the uncertainty of accounting estimates concerning the timing of the containment of COVID-19 and its impact on the economic environment. The assumption that demand in the second half of fiscal 2020 will be generally at the same level as in the corresponding period of the previous year is also maintained. - FY2021-Q2RestatedAnnual report
「The spread of COVID-19 remains without a clear prospect of containment, and the outlook for the level of economic activity in the current fiscal year is extremely difficult. Although the impact of the spread of the infection on business activities is expected to continue for a certain period, we have prepared our forecasts for the current consolidated fiscal year based on the assumption that demand in the second half of fiscal 2020 will be generally at the same level as in the corresponding period of the previous year. Regarding accounting estimates, we make judgments using performance forecasts based on the assumptions described above. The assumptions used in the estimates are highly uncertain, and changes in the timing of the containment of COVID-19 or its impact on the economic environment could affect our group's financial position and operating results.」
Continues to describe the uncertainty of accounting estimates concerning the timing of the containment of COVID-19 and its impact on the economic environment. Explicitly stated the assumption that demand in the second half of fiscal 2020 would be generally at the same level as in the corresponding period of the previous year, while maintaining the view that uncertainty remains high. - FY2021-Q1First statedAnnual report
「Regarding accounting estimates, we make judgments using performance forecasts based on the assumptions described above. The assumptions used in the estimates are highly uncertain, and changes in the timing of the containment of COVID-19 or its impact on the economic environment could affect our group's financial position and operating results.」
For the first time, explicitly stated that the high uncertainty surrounding assumptions about the timing of the containment of COVID-19 and its impact on the economic environment could affect the financial position and operating results through accounting estimates.