Impairment and tax-effect estimates based on the assumption that the impact of COVID-19 will recover by fiscal year-end
First written in FY2021-Q1. 7 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe significant accounting estimates in this filing contain no disclosure based on the previous assumption regarding the timing of the recovery from COVID-19.
- FY2023Updated the recovery assumptions to reflect normal economic conditionsAnnual report
「Following the reclassification of COVID-19 under the Infectious Diseases Act to Category V, we expect the economy to return to normal conditions. We have also assumed that inbound demand will improve as border control measures for entrants, including international visitors to Japan, are eased.」
The impairment estimates are now based on a return to normal economic conditions, taking into account the reclassification to Category V, and on an improvement in inbound demand, rather than the previous assumption regarding the timing of recovery. - FY2023-Q3RestatedAnnual report
「There is no new additional information or material change regarding the assumptions used in the accounting estimates for the impact of the spread of COVID-19, as described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year.」
It has been reconfirmed that, regarding accounting estimates such as impairment and tax effects related to the impact of the infectious disease, there is no material change from the previous fiscal year. - FY2023-Q2RestatedAnnual report
「There is no new additional information or material change regarding the assumptions used in the accounting estimates for the impact of the spread of COVID-19, as described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year.」
It has been reconfirmed that, regarding accounting estimates such as impairment and tax effects related to the impact of the infectious disease, there is no new additional information or material change from the previous fiscal year. - FY2023-Q1RestatedAnnual report
「There is no new additional information or material change regarding the assumptions used in the accounting estimates for the impact of the spread of COVID-19, as described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year.」
It has been reconfirmed that, regarding accounting estimates such as impairment and tax effects related to the impact of the infectious disease, there is no material change from the previous fiscal year. - FY2022Updated the recovery assumptionsAnnual report
「In addition, we expect the impact of COVID-19 on business performance to be smaller than in the current consolidated fiscal year, as requests to reduce operating hours and other restrictions have been lifted. Regarding inbound demand, we have assumed that it will gradually improve from the current consolidated fiscal year as border control measures for entrants, including international visitors to Japan, are eased.」
The assumption was updated to reflect a smaller infectious disease impact from the current fiscal year and a gradual recovery in inbound demand from the current fiscal year as border control measures for entrants are eased. - FY2022-Q3RestatedAnnual report
「There is no new additional information or material change regarding the assumptions used in the accounting estimates for the impact of the spread of COVID-19, as described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year.」
It has been reconfirmed that, regarding accounting estimates such as impairment and tax effects related to the impact of the infectious disease, there is no new additional information or material change from the previous fiscal year. - FY2022-Q2RestatedAnnual report
「There is no new additional information or material change regarding the assumptions used in the accounting estimates for the impact of the spread of COVID-19, as described under “Significant Accounting Estimates” in the annual securities report for the previous fiscal year.」
It has been confirmed that, regarding accounting estimates such as impairment and tax effects related to the impact of the infectious disease, there is no new additional information or material change from the previous fiscal year. - FY2021Recovery assumption extended through the end of fiscal 2022Annual report
「Value in use is assessed based on budgets for each store. Forecasts for sales and operating profit at each store are prepared by considering actual results before and after the spread of COVID-19, as well as the current and expected future operating environment. Although the impact of COVID-19 on performance is expected to diminish from the current fiscal year because requests to shorten operating hours and other restrictions have been lifted, the company has assumed that the effects of weak inbound demand and other factors will continue through the end of fiscal 2022.」
While the impact of reduced operating hours is expected to diminish, the company uses the assumption in its impairment estimates that weak inbound demand and other factors will continue through the end of fiscal 2022. - FY2021-Q3RestatedAnnual report
「Although the company's performance was expected to improve gradually after the state of emergency was lifted, the company assumed that it would take until the end of the fiscal year to recover to pre-pandemic levels. Based on this assumption, it made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets.」
The company continues to use the assumption that recovery to pre-pandemic performance levels will take until the end of the fiscal year in estimating impairment of fixed assets and the recoverability of deferred tax assets. - FY2021-Q2RestatedAnnual report
「Due to the spread of COVID-19, the government reissued a state of emergency, and the company shortened operating hours at its stores. Although the company's performance was expected to improve gradually after the state of emergency was lifted, the company assumed that it would take until the end of the fiscal year to recover to the level before the spread of infection. Based on this assumption, it made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets.」
The company reconfirms its policy of using the assumptions that the state of emergency would result in reduced operating hours and that recovery to pre-pandemic levels would take until the end of the fiscal year in estimating impairment of fixed assets and deferred tax assets. - FY2021-Q1First statedAnnual report
「Due to the spread of COVID-19, the government reissued a state of emergency, and the company shortened operating hours at its stores. Although the company's performance was expected to improve gradually after the state of emergency was lifted, the company assumed that it would take until the end of the fiscal year to recover to the level before the spread of infection. Based on this assumption, it made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets.」
Based on reduced operating hours resulting from the state of emergency, the company assumed that recovery to pre-pandemic performance levels would take until the end of the fiscal year and used that assumption in estimating impairment of fixed assets and the recoverability of deferred tax assets.