Changes to Assumptions Regarding the Timing of Recovery from COVID-19 and Uncertainty in Accounting Estimates
First written in FY2021-Q2. 2 of 3 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2023: 3 of 36 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「There were no significant changes to the assumptions concerning COVID-19 described in the securities report for the previous consolidated fiscal year under "Significant Accounting Estimates."」
The Company reaffirmed that there had been no significant changes from the previous fiscal year in its accounting assumptions regarding the timing of recovery from COVID-19 and other matters. - FY2021-Q3RestatedAnnual report
「As of the end of the third-quarter consolidated accounting period, there were no significant changes from the information disclosed in the "Additional Information (Accounting Estimates)" section of the quarterly report for the second-quarter consolidated accounting period.」
The Company stated that there had been no significant change since the second quarter in its accounting assumptions regarding the spread and timing of the containment of COVID-19. Uncertainty remains high. - FY2021-Q2First statedAnnual report
「At the end of the previous consolidated fiscal year, the Company prepared accounting estimates for determining whether impairment losses on fixed assets should be recognized and measured, and for assessing the recoverability of deferred tax assets, based on the assumption that the impact of COVID-19 would "recover by the second quarter of the fiscal year ending March 2021." However, in light of the spread of COVID-19 to date, as of the end of the second-quarter consolidated accounting period, the Company changed its assumption to "a gradual recovery by the end of the fiscal year ending March 2021" and prepared its accounting estimates accordingly.」
The accounting assumption regarding the timing of recovery from COVID-19 was changed from recovery during the second quarter to a gradual recovery by the end of the fiscal year ending March 2021. The Company stated that changes in this assumption could affect its financial position and operating results through impairment of fixed assets and the recoverability of deferred tax assets.