Assumptions for Sales Recovery from July 2021 Onward Under the Impact of COVID-19
First written in FY2021-Q1. 6 of 14 entries say "Softened", first in FY2022-Q1. Latest entry: FY2026.
j-Group Holdings Corp. moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The company assumes that revenue from the next consolidated fiscal year onward will remain broadly at the level of the current consolidated fiscal year. If the assumption described above is no longer considered achievable, it may have a material impact on the consolidated financial statements from the next consolidated fiscal year onward.」
The revenue assumption used to estimate impairment losses on property, plant and equipment changed from the previous assumption of recovery to pre-pandemic levels to the assumption that revenue will remain at the current fiscal year's level from the next fiscal year onward. - FY2024SoftenedAnnual report
「As demand for eating out has recovered following the reclassification of COVID-19 to Class 5, the company assumes that revenue from the first half of the next consolidated fiscal year onward will remain broadly at the level of the current consolidated fiscal year.」
The revenue assumption used to estimate impairment losses on property, plant and equipment changed from the previous fiscal year's assumption of "recovery to levels close to those before the spread of the infection" to the assumption that revenue from the first half of the next fiscal year onward will remain at the level of the current consolidated fiscal year. - FY2024-Q1RestatedAnnual report
「There have been no material changes in the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the previous fiscal year’s securities report.」
The company has reconfirmed that there have been no material changes to the assumptions underlying its accounting estimates concerning the impact of the pandemic. - FY2023Revenue recovery assumption brought forward to the first half of the next fiscal year onwardAnnual report
「The impact of COVID-19 continues to require close monitoring, but the government has announced that the disease classification will be lowered from Class 2 to Class 5 on 8 May 2023. Given the expected recovery in demand for eating out, the company assumes that revenue from the first half of the next consolidated fiscal year onward will largely recover to levels close to those before the spread of the infection.」
The assumed timing of revenue recovery used in estimating impairment losses on property, plant and equipment was brought forward from "the second half of the next consolidated fiscal year onward" to "the first half of the next consolidated fiscal year onward." - FY2023-Q3RestatedAnnual report
「There have been no material changes in the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the previous fiscal year’s securities report.」
The company reconfirmed that there were no material changes to the assumptions underlying its accounting estimates concerning the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes in the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the previous fiscal year’s securities report.」
The company reconfirmed that there were no material changes to the assumptions underlying its accounting estimates concerning the impact of COVID-19. - FY2022SoftenedAnnual report
「Although the timing of the end of the spread of COVID-19 remains unknown, the company assumes that revenue from the second half of the next consolidated fiscal year onward will largely recover to levels close to those before the spread of the infection, due in part to the effects of vaccinations.」
The timing of revenue recovery used for impairment assessment changed from the previously specified month of March 2022 onward to the second half of the next consolidated fiscal year onward. - FY2022-Q3SoftenedAnnual report
「In this environment, the plan used to assess and measure impairment losses on property, plant and equipment was prepared, taking into account the progress of vaccinations, on the assumption that the impact of COVID-19 would gradually subside and that revenue from March 2022 onward would largely recover to pre-pandemic levels.」
The assumed timing of revenue recovery used for impairment assessment and measurement was pushed back from December 2021 onward in the previous quarter to March 2022 onward. - FY2022-Q2SoftenedAnnual report
「In this environment, the plan used to assess and measure impairment losses on property, plant and equipment was prepared, taking into account the progress being made toward the early rollout of COVID-19 vaccinations, on the assumption that the impact of COVID-19 would gradually subside and that revenue from December 2021 onward would largely recover to pre-pandemic levels.」
The assumed timing of revenue recovery used for impairment assessment and measurement was pushed back from September 2021 onward in the previous quarter to December 2021 onward. - FY2022-Q1SoftenedAnnual report
「The plan used to assess and measure impairment losses on property, plant and equipment was prepared, taking into account the rapid development of vaccination and distribution systems for COVID-19 vaccines, among other factors, on the assumption that the impact of COVID-19 would gradually subside and that revenue from September 2021 onward would largely recover to pre-pandemic levels.」
The assumed timing of revenue recovery used for impairment assessment and measurement was pushed back from July 2021 onward to September 2021 onward. - FY2021Revenue recovery assumptions incorporating the start of vaccinationAnnual report
「In light of the Ministry of Health, Labour and Welfare's statement that priority vaccinations for healthcare workers and others began in February 2021 and vaccinations for older people began in April 2021, the plan used to assess and measure impairment losses on property, plant and equipment was prepared on the assumption that the impact of COVID-19 would gradually subside and that revenue from July 2021 onward would largely recover to pre-pandemic levels.」
Based on the start of vaccinations from February 2021 onward, the impairment plan uses the assumption that revenue will recover to pre-pandemic levels from July 2021 onward. - FY2021-Q3Vaccine rollout added to revenue recovery assumptionsAnnual report
「Given the Ministry of Health, Labour and Welfare's outlook that vaccination could begin around spring 2021, although the detailed timing had not been determined, the plan used to assess and measure impairment losses on property, plant and equipment was prepared on the assumption that the impact of COVID-19 would gradually subside from around spring 2021 and that revenue from July 2021 onward would largely recover to pre-pandemic levels.」
The possibility of vaccinations beginning around spring 2021 has been added as one of the assumptions underlying the revenue recovery assumption from July 2021 onward used for impairment assessment and measurement. - FY2021-Q2RestatedAnnual report
「The plan used to assess and measure impairment losses on property, plant and equipment was prepared on the assumption that the impact of COVID-19 would gradually subside and that revenue from July 2021 onward would largely recover to pre-pandemic levels.」
The assumption that revenue would recover from July 2021 onward, used for impairment assessment and measurement, and the possibility of additional losses if the pandemic continues for longer than expected, have been disclosed again, following the previous quarter. - FY2021-Q1First statedAnnual report
「In this environment, the plan used to assess and measure impairment losses on property, plant and equipment was prepared on the assumption that the impact of COVID-19 would gradually subside and that revenue from July 2021 onward would largely recover to pre-pandemic levels. The plan for the period until revenue recovers also takes into account the business format, region and store size. The timing of the end of the COVID-19 pandemic remains uncertain, and if its impact is prolonged and the assumptions described above are no longer considered achievable, losses may arise in the future.」
The company has, for the first time, explicitly stated the assumption used in the plan for assessing and measuring impairment losses on property, plant and equipment that revenue will largely recover to pre-pandemic levels from July 2021 onward. It also states that additional losses may arise if the pandemic continues for longer than expected.