Uncertainty in Accounting Estimates, Including Merchandise Valuation, Due to COVID-19 and Other Factors
First written in FY2023-Q1. 1 of 5 entries say "Softened", first in FY2023-Q2. Latest entry: 2026-05-22.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "First stated".
- 2026-05-22First statedGeneral Meetings of Shareholders
「For fiscal 2026, we have made accounting estimates, including product valuation, on the assumption that sales of new products will proceed smoothly. If this assumption changes in the future, it may affect the company’s future financial condition and operating results.」
Although the premise differs from the accounting-estimation uncertainty previously associated with COVID-19 and other factors that have since subsided, the company again specifically states that future changes in assumptions regarding product valuation and other matters may affect its financial condition and operating results. The original canonical thread remains unchanged. - FY2023DroppedAnnual reportThe section on significant accounting estimates in this filing contains no specific description based on assumptions regarding COVID-19 or the timing of recovery in food-service demand. It only states generally that estimates may differ from actual results.
- FY2023-Q3RestatedAnnual report
「Sales during the cumulative third quarter ended increased compared with the previous year, and the impact of COVID-19 is gradually diminishing. We have made accounting estimates, including product valuations, on the assumption that the economy will continue to recover, supported by government economic stimulus measures and other factors. However, because the impact of COVID-19 on economic activity remains highly uncertain, any change in the above assumptions could affect the financial position and operating results for the current fiscal year.」
The Company continues to make accounting estimates, including product valuations, on the assumption of increased sales and a reduced impact from COVID-19, while stating that uncertainty remains high and that changes in assumptions could affect operating results. - FY2023-Q2SoftenedAnnual report
「Sales during the cumulative second quarter ended increased compared with the previous year, and the impact of COVID-19 is gradually diminishing. We have made accounting estimates, including product valuations, on the assumption that the economy will continue to recover, supported by government economic stimulus measures and other factors. However, because the impact of COVID-19 on economic activity remains highly uncertain, any change in the above assumptions could affect the financial position and operating results for the current fiscal year.」
The Company is valuing its products and making other accounting estimates on the assumption of increased sales, a reduced impact from the infectious disease, and an economic recovery. It continues to describe the uncertainty surrounding the impact of the infectious disease and the possibility that changes in assumptions could affect results, while stating that the impact is gradually weakening compared with the previous quarter. - FY2023-Q1First statedAnnual report
「Despite these circumstances, no declaration of a state of emergency or application of priority preventive measures has been issued, and the impact of the situation between Russia and Ukraine has been minor. We have made accounting estimates, including product valuations, on the assumption that demand for food-service products, such as those used by the restaurant industry, will gradually recover as vaccinations progress, and that the economy will continue to recover. Because uncertainty remains regarding the spread of COVID-19 and when it will subside, any change in the above assumptions could affect the Company's future financial position and operating results.」
The Company has made accounting estimates, including product valuations, on the assumption that food-service demand will recover, and has identified as a new risk the possibility that changes in assumptions concerning the spread and containment of the infectious disease could affect its future financial position and operating results.