Reversal of Deferred Tax Assets Based on the Assumption of a Prolonged Impact from COVID-19
First written in FY2021-Q3. 2 of 6 entries say "Worsened", first in FY2021. Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
65 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe accounting estimates based on an assumption of prolonged COVID-19 effects and the reversal of deferred tax assets described previously could not be confirmed in the disclosures for the relevant fiscal year.
- FY2022WorsenedAnnual report
「Although the timing of the end of the COVID-19 pandemic cannot be reasonably estimated, the Group is currently making accounting estimates concerning impairment of fixed assets, the recoverability of deferred tax assets and other matters based on the assumption that the pandemic will continue to a certain extent during the fiscal year ending November 2023.」
The accounting assumption that the effects of the pandemic would continue to a certain extent was extended from the fiscal year ending November 2022 to the fiscal year ending November 2023. - FY2022-Q3RestatedAnnual report
「There were no material changes to the assumptions, including how the spread of COVID-19 would develop and when it would end, described in the additional information section of the securities report for the previous consolidated fiscal year concerning the impact of the spread of COVID-19.」
It was stated that there had been no material changes from the previous fiscal year in the accounting assumptions concerning the spread and end of COVID-19. - FY2022-Q1RestatedAnnual report
「There were no material changes to the assumptions, including how the spread of COVID-19 would develop and when it would end, described in the additional information section of the securities report for the previous consolidated fiscal year concerning the impact of the spread of COVID-19.」
It was stated that there had been no material changes from the previous fiscal year in the accounting assumptions concerning the spread and end of COVID-19. - FY2021WorsenedAnnual report
「Although the timing of the end of the COVID-19 pandemic cannot be reasonably estimated, the company is currently making accounting estimates concerning impairment of fixed assets, the recoverability of deferred tax assets and other matters based on the assumption that the pandemic will continue to a certain extent during the fiscal year ending November 2022.」
Accounting estimates based on an assumption of prolonged pandemic effects extended into the fiscal year ending November 2022, and net deferred tax assets decreased to ¥49.058 million. - FY2021-Q3First statedAnnual report
「In making accounting estimates, the company assumed that the effects of the spread of COVID-19 would continue beyond September 2021. In light of this assumption, current and projected business performance, and other factors, the company carefully examined the recoverability of deferred tax assets and reversed ¥267 million of deferred tax assets during the third quarter of the current consolidated fiscal year.」
Based on an assumption of prolonged effects from the pandemic, the company changed its accounting estimates and reversed ¥267 million of deferred tax assets during the third quarter.