Uncertainty in Accounting Estimates Related to COVID-19
First written in FY2021-Q1. 5 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The significant assumptions included in estimates of future undiscounted cash flows used to determine whether impairment losses must be recognized involve a high degree of uncertainty. Accordingly, if the spread of new variants and other strains or changes in the business environment surrounding each asset group occur in the future, it may become necessary to reassess whether impairment losses must be recognized, which could affect the financial statements for the following fiscal year.」
The company continues to disclose the uncertainty of impairment estimates based on infectious diseases and the environment surrounding each asset group as significant assumptions, as well as the possibility of an impact on the financial statements for the following fiscal year. - FY2022RestatedAnnual report
「The significant assumptions included in estimates of future undiscounted cash flows used to determine whether impairment losses must be recognized involve a high degree of uncertainty. Accordingly, if the spread of new variants and other strains or changes in the business environment surrounding each asset group occur in the future, it may become necessary to reassess whether impairment losses must be recognized, which could affect the financial statements for the following fiscal year.」
The company continues to disclose the uncertainty of impairment estimates based on infectious diseases and the business environment surrounding each asset group as significant assumptions, as well as the possibility of an impact on the financial statements for the following fiscal year. - FY2022-Q3RestatedAnnual report
「There are no significant changes to the impact of the COVID-19 pandemic described in the securities report for the previous fiscal year under “Additional Information (Additional Information on Uncertainty in Accounting Estimates).” However, this assumption involves a high degree of uncertainty, and the company's financial position and operating results may be affected depending on the future spread of new variants and other strains.」
While stating that there were no significant changes to the accounting assumption that the impact of infectious diseases would recover to a certain extent, the company reaffirmed the uncertainty associated with new variants and other strains and the possibility of an impact on operating results and financial position. - FY2022-Q1RestatedAnnual report
「There are no significant changes to the impact of the COVID-19 pandemic described in the securities report for the previous fiscal year under “Additional Information (Additional Information on Uncertainty in Accounting Estimates).” However, this assumption involves a high degree of uncertainty, and the company's financial position and operating results may be affected depending on the spread of hybrid variants and other strains recently identified.」
While stating that there were no significant changes to the accounting estimates for the impact of infectious diseases, the company reaffirmed its assumption of recovery to a certain extent and the uncertainty associated with hybrid variants and other strains. - FY2021WorsenedAnnual report
「We have assumed that, although the impact of COVID-19 will continue into the following fiscal year, conditions will recover to a certain extent. This assumption involves a high degree of uncertainty, and the company's financial position and operating results may be affected depending on trends in the recently increasing number of COVID-19 cases and the spread of variants.」
The company has assumed that the impact of infectious diseases will continue into the following fiscal year and has additionally identified the rising number of cases and the spread of variants as sources of uncertainty. - FY2021-Q3WorsenedAnnual report
「Regarding our operating results, we have assumed that a full recovery during the current fiscal year will be difficult and that the impact will continue into the following fiscal year, although results will recover to a certain extent. This assumption involves a high degree of uncertainty, and the company's financial position and operating results may be affected depending on trends in the number of COVID-19 cases, which has recently remained high, the spread of variants, and the effects of the recently declared state of emergency in certain regions.」
The assumption was made more specific: a full recovery in operating results will be difficult during the current fiscal year, and the impact will continue into the following fiscal year. The uncertainty of accounting estimates due to infection conditions and variants has also increased. - FY2021-Q2RestatedAnnual report
「We have assumed that, following the lifting of the state of emergency in May 2020, this situation would gradually begin to recover and recover to a certain extent, although not to pre-pandemic levels. Based on this assumption, we have made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets. This assumption involves a high degree of uncertainty, and depending on future developments in the COVID-19 pandemic, the company's financial position and operating results may be affected.」
The company has maintained its assumption that conditions will recover to a certain extent after the state of emergency is lifted, and is reaffirming the estimates and uncertainty regarding impairment of fixed assets and the recoverability of deferred tax assets based on that assumption. - FY2021-Q1First statedAnnual report
「We have assumed that, following the lifting of the state of emergency in May 2020, this situation would gradually begin to recover and recover to a certain extent, although not to pre-pandemic levels. Based on this assumption, we have made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets. This assumption involves a high degree of uncertainty, and depending on future developments in the COVID-19 pandemic, the company's financial position and operating results may be affected.」
The company has estimated impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that conditions will recover to a certain extent, although not to pre-pandemic levels. It newly disclosed the uncertainty of this assumption and the possibility of an impact on future operating results and financial position.