Accounting estimates based on assumptions regarding the COVID-19 pandemic
First written in FY2021-Q2. 9 of 14 entries say "Reframed", first in FY2021-Q3. Latest entry: FY2026-H1.
Palemo Holdings moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There have been no material changes to the material accounting estimates and the assumptions used in those estimates described in the section "Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes from the previous fiscal year to the material accounting estimates or the assumptions used in those estimates. - FY2025ReframedAnnual report
「The recoverability of deferred tax assets is estimated based on our group's medium- to long-term business plan. The business plan has been prepared using revenue growth resulting from future initiatives, market trends and other factors as its primary assumption.」
The disclosure has been reorganized from the previous accounting estimates, which assumed that the infectious disease would be contained and foot traffic would recover, to estimates based primarily on the medium- to long-term business plan and revenue growth resulting from future initiatives and market trends. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the material accounting estimates and the assumptions used in those estimates described in the section "Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous consolidated fiscal year.」
The disclosure continues to state that there have been no material changes to the material accounting estimates or the underlying assumptions. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the material accounting estimates and the assumptions used in those estimates described in the section "Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous consolidated fiscal year.」
It explicitly states that there were no material changes during the current quarter to the material accounting estimates and assumptions described in the previous fiscal year. - FY2023-Q3ReframedAnnual report
「Regarding COVID-19, the timing of its containment and other matters remain uncertain. However, we assume that its impact on the performance of our group will remain limited and that foot traffic will recover as social and economic activity is maintained while infections are controlled.」
The assumptions underlying the accounting estimates have been updated to assume that the timing of the containment of the infectious disease remains uncertain, its impact will remain limited, and foot traffic will recover through infection control and the maintenance of social and economic activity. A recovery in performance resulting from the withdrawal from unprofitable stores and expense reductions is also assumed. - FY2023-Q2RestatedAnnual report
「Regarding COVID-19, the timing of its containment and other matters remain uncertain. As for the impact on the performance of our group, we assume that foot traffic will gradually recover from the second half onward.」
While the timing of the containment of the infectious disease remains uncertain, the accounting estimates continue to assume a recovery in foot traffic from the second half onward. They also assume a certain degree of recovery resulting from the withdrawal from unprofitable stores and expense reductions. - FY2023-Q1ReframedAnnual report
「Regarding COVID-19, the timing of its containment and other matters remain uncertain. As for the impact on the performance of our group, we assume that current conditions will continue in the first half of the current fiscal year, while foot traffic will gradually recover from the second half onward.」
The assumptions underlying the accounting estimates have been updated to assume that current conditions will continue in the first half of the current fiscal year and that foot traffic will gradually recover from the second half onward. The timing of the containment of the infectious disease remains uncertain. - FY2022ReframedAnnual report
「Although the timing of the containment of COVID-19 and other factors remains uncertain, the company assumes that, during the first half of the next consolidated fiscal year, current conditions will continue while foot traffic will gradually recover from the second half onward, with respect to the impact on the Group's performance.」
The company updated the assumptions underlying its accounting estimates to reflect a timeline in which current conditions would continue during the first half of the next consolidated fiscal year, while foot traffic would gradually recover from the second half onward. - FY2022-Q3ReframedAnnual report
「For the fiscal year ending February 2022 and for a period thereafter, the company made accounting estimates, including judgments regarding the recoverability of deferred tax assets, after considering all available information deemed likely to affect the estimates and assuming that current conditions would continue for the time being while foot traffic would gradually recover after the end of the current consolidated fiscal year.」
The company updated the assumptions underlying its accounting estimates to reflect the expectation that current conditions would continue for the time being, while foot traffic would gradually recover after the end of the current consolidated fiscal year. - FY2022-Q2ReframedAnnual report
「For the fiscal year ending February 2022, the spread of COVID-19 during the first half progressed beyond the initial expectations. Although the apparel business and other operations would continue to be affected during the second half, the company made accounting estimates, including judgments regarding the recoverability of deferred tax assets, after considering all available information deemed likely to affect the estimates and assuming that performance would gradually recover after the end of the current consolidated fiscal year.」
The company updated the assumptions underlying its accounting estimates to reflect the expectation that the impact of the infectious disease during the first half exceeded initial expectations and would continue through the second half, particularly in apparel, while performance would gradually recover after the end of the fiscal year. - FY2022-Q1ReframedAnnual report
「Under these circumstances, the company determined that it would take a certain amount of time to contain COVID-19. In the second quarter, it made accounting estimates, including judgments regarding the recoverability of deferred tax assets, after considering all available information deemed likely to affect the estimates and assuming that, although some impact would remain, the situation would gradually be contained and begin to recover by the end of the current consolidated fiscal year due to the spread of vaccinations and other factors.」
The company updated the assumptions underlying its accounting estimates to reflect the expectation that, although the impact of the infectious disease would remain during the second quarter, the situation would gradually be contained and recover by the end of the current fiscal year due to the spread of vaccinations and other factors. - FY2021ReframedAnnual report
「Accordingly, in making accounting estimates, including judgments regarding the recoverability of deferred tax assets, the company considered all available information deemed likely to affect the estimates and assumed that, although the impact would continue through the first half of the next consolidated fiscal year, the consumption environment would improve gradually from the second half onward.」
The company updated its accounting estimates on the assumption that the impact of the infectious disease would continue through the first half of the next consolidated fiscal year, while the consumption environment would improve gradually from the second half onward. - FY2021-Q3ReframedAnnual report
「Accordingly, in making accounting estimates, including judgments regarding the recoverability of deferred tax assets, the company considered all available information deemed likely to affect the estimates and assumed that, although the impact would continue through the first half of the next consolidated fiscal year, performance would recover gradually.」
The company determined that it would take time to fully contain the infectious disease and updated the assumptions underlying its accounting estimates to reflect continued impact through the first half of the next consolidated fiscal year, while performance would recover gradually. - FY2021-Q2First statedAnnual report
「In making accounting estimates, including judgments regarding the recoverability of deferred tax assets, the company considered all available information deemed likely to affect the estimates and assumed that, although the timing of the containment had been delayed from the initial expectation, a gradual recovery would begin from September 2020.」
Based on the assumption that containment of COVID-19 would take longer, the company made accounting estimates, including the recoverability of deferred tax assets, assuming a gradual recovery from September 2020.