Accounting Estimates Based on Assumptions Regarding COVID-19
First written in FY2021-Q1. 6 of 9 entries say "Restated". Latest entry: FY2024-Q1.
101 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There have been no material changes in the disclosures of accounting estimates and the assumptions used in those estimates in the section “Analysis of Financial Position, Operating Results and Cash Flows by Management” in the securities report for the previous consolidated fiscal year.」
The disclosure states that there were no material changes from the previous consolidated fiscal year to the accounting estimates or the assumptions underlying them. - FY2022ReframedAnnual report
「The Group assumes that the impact of COVID-19 will continue for at least a certain period, but that social activity will shift toward a balance between infection prevention and economic activity, and judges that this will not have a material impact on estimates at the end of the consolidated fiscal year.」
The assumptions underlying the accounting estimates have been revised to assume that the impact of the infection will continue for a certain period, while social activity will shift toward achieving both infection prevention and economic activity. - FY2022-Q3RestatedAnnual report
「Although it is difficult to accurately predict how COVID-19 will spread in the future and when it will be contained, in estimating impairment losses on property, plant and equipment, the Group assumes that profits and losses arising from operating activities affected by the spread of COVID-19 will remain at approximately the level of the second half of fiscal 2020 through the first half of fiscal 2021, as the impact is expected to continue for a certain period, before gradually recovering from the second half of fiscal 2021 and bringing demand close to normal levels.」
Regarding the impact of COVID-19, the accounting estimates continue to assume that the impact will continue through the first half of fiscal 2021 and gradually recover from the second half. - FY2022-Q2RestatedAnnual report
「The Group assumes that profits and losses arising from operating activities affected by the spread of COVID-19 will remain at approximately the level of the second half of fiscal 2020 through the first half of fiscal 2021, as the impact is expected to continue for a certain period, before gradually recovering from the second half of fiscal 2021 and bringing demand close to normal levels.」
The accounting estimates continue to assume that the impact will continue through the first half of fiscal 2021 and gradually recover from the second half. - FY2022-Q1RestatedAnnual report
「The Group assumes that profits and losses arising from operating activities affected by the spread of COVID-19 will remain at approximately the level of the second half of fiscal 2020 through the first half of fiscal 2021, as the impact is expected to continue for a certain period, before gradually recovering from the second half of fiscal 2021 and bringing demand close to normal levels.」
The accounting estimate continues to assume that the impact will continue through the first half of fiscal 2021 and gradually recover from the second half. - FY2021SoftenedAnnual report
「Accordingly, the Group judges that the impact of the spread of COVID-19 will continue through the first half of fiscal 2021, with conditions remaining at approximately the level of the second half of fiscal 2020, before gradually recovering from the second half of fiscal 2021 and bringing demand close to normal levels.」
The timing of recovery was pushed back from the previous assumption of demand close to normal levels in fiscal 2021 to an assumption that the impact would continue through the first half of fiscal 2021 and gradually recover from the second half. - FY2021-Q3RestatedAnnual report
「With respect to the trend in sales affected by the spread of COVID-19, the Group assumes that difficult conditions will continue through the first half of fiscal 2020, that sales will gradually recover from the second half, and that demand close to normal levels will be expected in fiscal 2021. The Group makes estimates and judgments regarding impairment losses on property, plant and equipment and the recoverability of deferred tax assets after considering the impact of COVID-19. Based on results for the nine months ended 31 December, the Group reviewed certain estimates, but made no material changes to the assumptions established in the previous consolidated fiscal year.」
Based on results for the nine months ended 31 December, certain estimates were reviewed, but there was no material change to the assumption that conditions would remain difficult in the first half, recover from the second half, and see demand close to normal levels in fiscal 2021. - FY2021-Q2RestatedAnnual report
「With respect to the trend in sales affected by the spread of COVID-19, the Group assumes that difficult conditions will continue through the first half of fiscal 2020, that sales will gradually recover from the second half, and that demand close to normal levels will be expected in fiscal 2021. Based on results for the six months ended 30 September, the Group reviewed certain estimates, but made no material changes to the assumptions established in the previous consolidated fiscal year.」
Based on results for the six months ended 30 September, certain estimates were reviewed, but there was no material change to the previous fiscal year's assumption that conditions would remain difficult in the first half, recover from the second half, and see demand return in fiscal 2021. - FY2021-Q1First statedAnnual report
「With respect to the trend in sales affected by the spread of COVID-19, the Group assumes that difficult conditions will continue through the first half of fiscal 2020, that sales will gradually recover from the second half, and that demand close to normal levels will be expected in fiscal 2021.」
Regarding the impact of COVID-19, the Group estimates impairment losses on property, plant and equipment and the recoverability of deferred tax assets based on the assumption that difficult conditions continued in the first half of fiscal 2020, recovery began in the second half, and demand close to normal levels would be expected in fiscal 2021.