Accounting estimates based on the assumption that COVID-19 will subside within the year and sales will recover from the following year
First written in FY2020-Q2. 5 of 10 entries say "Reframed", first in FY2020-Q3. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2023: 3 of 36 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「In making accounting estimates, we have assumed that the impact of COVID-19 on the business activities and other operations of the Group will be limited, as movement restrictions have been eased and economic activity is moving toward normalisation.」
The accounting assumption that the impact of COVID-19 on the business will be limited as restrictions on activity are eased and economic activity returns to normal has been maintained. - FY2023-Q2ReframedAnnual report
「In making accounting estimates, we have assumed that the impact of COVID-19 on the business activities and other operations of the Group will be limited, as movement restrictions have been eased and economic activity is moving toward normalisation.」
The accounting assumptions for COVID-19 have been revised from the previous assumption that the effects would continue from the fiscal year ending December 2022 onward to an assumption that the effects will be limited as restrictions on activity are eased and economic activity returns to normal. - FY2023-Q1ReframedAnnual report
「Although uncertainty regarding the effects of COVID-19 is expected to persist, the company is making accounting estimates based on the assumption that the gradual recovery in pedestrian traffic will continue.」
The accounting assumptions for COVID-19 have been revised from the previous wording that the effects would continue for a certain period to wording based on the assumption that the gradual recovery in pedestrian traffic will continue. - FY2022-Q2RestatedAnnual report
「The domestic soft drinks market and the business environment are expected to remain uncertain due to the spread of COVID-19 infections and other factors. Accordingly, the company is making accounting estimates based on the assumption that the effects will continue for a certain period from the fiscal year ending December 2022 onward.」
The accounting assumption that the effects of COVID-19 will continue for a certain period from the fiscal year ending December 2022 onward has been maintained. - FY2022-Q1ReframedAnnual report
「The domestic soft drinks market and the business environment are expected to remain uncertain due to the spread of COVID-19 infections and other factors. Accordingly, the company is making accounting estimates based on the assumption that the effects will continue for a certain period from the fiscal year ending December 2022 onward.」
The accounting assumptions for COVID-19 have been changed from the assumption that the effects would continue for a certain period during the fiscal year ending December 2021 to an assumption that they will continue for a certain period from the fiscal year ending December 2022 onward. - FY2021-Q3RestatedAnnual report
「The states of emergency repeatedly declared due to the spread of COVID-19 infections were lifted across all prefectures in September, but uncertainty is expected to persist, including regarding when the pandemic will subside and the extent of its effects. In addition, as demand is expected to take a certain period to recover, the company is making accounting estimates based on the assumption that the effects will continue during the fiscal year ending December 2021.」
Even after the state of emergency was lifted in September, demand is expected to take a certain period to recover, and the accounting assumption that the effects of COVID-19 will continue during the fiscal year ending December 2021 has been maintained. - FY2021-Q2RestatedAnnual report
「The effects are expected to continue, with a fourth state of emergency declared in Tokyo in July 2021 due to the resurgence of COVID-19 infections, and uncertainty is expected to persist. As it is difficult to reasonably estimate the specific amount of the impact, including when the pandemic will subside and the extent of its effects, the company is making accounting estimates based on the assumption that the effects will continue for a certain period during the fiscal year ending December 2021.」
The accounting assumption that the effects of COVID-19 will continue for a certain period during the fiscal year ending December 2021 has been maintained. - FY2021-Q1ReframedAnnual report
「The effects are expected to continue, with a second state of emergency declared in January 2021 due to the resurgence of COVID-19 infections, and uncertainty is expected to persist. As it is difficult to reasonably estimate the specific amount of the impact, including when the pandemic will subside and the extent of its effects, the company is making accounting estimates based on the assumption that the effects will continue for a certain period during the fiscal year ending December 2021.」
The accounting assumptions for COVID-19 have been changed from the previous assumption that the pandemic would subside by year-end and recovery would begin the following year to an assumption that the effects will continue for a certain period during the fiscal year ending December 2021. - FY2020-Q3ReframedAnnual report
「Although it remains difficult to accurately predict when the effects of COVID-19 will subside, the company is making accounting estimates based on the assumptions that conditions will not deteriorate significantly, the gradual recovery in people’s movements will continue, and the competitive environment will not change rapidly.」
The accounting assumptions for COVID-19 have been revised from the previous assumption that the pandemic would subside by year-end and sales would recover from the following year to a conditional assumption that conditions will not deteriorate significantly and people’s movements will gradually recover. - FY2020-Q2First statedAnnual report
「Although it remains difficult to accurately predict when the impact of COVID-19 will subside, we have made accounting estimates based on the assumption that it will subside by the end of the year and that sales will recover to their previous level from the beginning of the following year.」
While stating that it is difficult to accurately predict when COVID-19 will subside, the company is making accounting estimates based on the assumption that the pandemic will subside by year-end and sales will recover to pre-pandemic levels from the following year.