Estimates of impairment and deferred tax asset recoverability based on assumed recovery to pre-pandemic levels
First written in FY2021-Q1. 11 of 17 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The disclosure continues to state that there have been no material changes to the accounting estimates and related assumptions disclosed in the previous fiscal year. - FY2026RestatedAnnual report
「The company recognizes deferred tax assets for deductible temporary differences and other items for which it has reasonably estimated future taxable income and determined that recovery is probable.」
The company continues to make accounting estimates based on uncertainty regarding future taxable income and changes in the business environment, rather than on the specific assumption regarding the timing of recovery to pre-pandemic levels. - FY2026-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The disclosure continues to state that there have been no material changes to the accounting estimates and related assumptions disclosed in the previous fiscal year. - FY2025DroppedAnnual report
「The company recognizes deferred tax assets for deductible temporary differences and other items for which it has reasonably estimated future taxable income and determined that recovery is probable.」
The specific assumptions previously disclosed, including the timing of recovery to pre-pandemic levels, are no longer stated, and the disclosure now addresses general accounting uncertainty regarding future taxable income and changes in the business environment. - FY2025-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the accounting estimates and assumptions disclosed in the previous fiscal year. - FY2024SoftenedAnnual report
「The company recognizes deferred tax assets for deductible temporary differences for which it has reasonably estimated future taxable income and determined that recovery is probable.」
The disclosure has shifted from the specific assumption regarding the timing of recovery to pre-pandemic levels to general uncertainty regarding future taxable income and changes in the business environment. - FY2024-Q1RestatedAnnual report
「Although economic activity is gradually picking up and moving toward normalization, the company has determined that, despite a gradual recovery, it will be difficult to return to the business environment that existed before the spread of the infection even after the pandemic ends, making it difficult to predict the impact on business performance.」
While recognizing the normalization of economic activity, the company continues to use the accounting estimate assumption that recovery to the business environment that existed before the spread of the infection will be difficult and that the impact on business performance will also be difficult to predict. - FY2023SoftenedAnnual report
「The company recognizes deferred tax assets for deductible temporary differences for which it has reasonably estimated future taxable income and determined that recovery is probable.」
The specific assumption regarding the timing of recovery to pre-pandemic levels, which had been disclosed through the previous quarter, is no longer explicitly stated as an annual critical accounting estimate, and the disclosure has shifted to general uncertainty regarding future taxable income and changes in the business environment. - FY2023-Q3RestatedAnnual report
「The company prepares its accounting estimates based on the assumption that, although economic recovery will progress gradually, it will be difficult to return to the business environment that existed before the spread of COVID-19 even after the pandemic ends, as it is difficult to foresee how long the stagnation in consumer activity caused by the spread of the infection will continue and the impact on business performance is difficult to predict given the surge in raw material prices. These assumptions have not changed from the previous fiscal year.」
The company continues to use the accounting estimate assumption that recovery to the business environment that existed before the spread of the infection will be difficult and will progress gradually, with no change from the previous fiscal year. - FY2023-Q2RestatedAnnual report
「The company prepares its accounting estimates based on the assumption that, although economic recovery will progress gradually, it will be difficult to return to the business environment that existed before the spread of COVID-19 even after the pandemic ends, as it is difficult to foresee how long the stagnation in consumer activity caused by the spread of the infection will continue and the impact on business performance is difficult to predict given the surge in raw material prices. These assumptions have not changed from the previous fiscal year.」
The company continues to use the accounting estimate assumption that recovery to the business environment that existed before the spread of the infection will be difficult and will progress gradually, with no change from the previous fiscal year. - FY2023-Q1RestatedAnnual report
「These assumptions have not changed from the previous fiscal year.」
The company states that there have been no material changes from the previous fiscal year to the assumptions used in accounting estimates, having determined that the prolonged impact of COVID-19 makes it difficult to return to the business environment that existed before the spread of the infection. - FY2022-Q3RestatedAnnual report
「There were no significant changes to the assumptions, including the timing of the containment of COVID-19, used in the accounting estimates related to the spread of COVID-19 described in the additional information section of the annual securities report for the previous fiscal year.」
The disclosure continues to state that there have been no material changes to the assumptions used in accounting estimates, including the timing of the end of the COVID-19 pandemic. - FY2022-Q2RestatedAnnual report
「There were no significant changes to the assumptions, including the timing of the containment of COVID-19, used in the accounting estimates related to the spread of COVID-19 described in the additional information section of the annual securities report for the previous fiscal year.」
The disclosure continues to state that there have been no material changes to the assumptions used in accounting estimates, including the timing of the end of the COVID-19 pandemic. - FY2022-Q1RestatedAnnual report
「There were no significant changes to the assumptions, including the timing of the containment of COVID-19, used in the accounting estimates related to the spread of COVID-19 described in the additional information section of the annual securities report for the previous fiscal year.」
The company stated that there were no significant changes to the assumptions used in its accounting estimates, including the timing of the containment of COVID-19. - FY2021-Q3Revision of estimated future taxable incomeAnnual report
「There were no significant changes to the above assumptions during the cumulative third quarter period, but the company revised its estimate of future taxable income used to assess the recoverability of deferred tax assets based on actual results.」
Although there was no significant change to the assumption that a full-scale recovery would begin in or after the fiscal year ending February 2023, the company revised its estimate of future taxable income used to assess the recoverability of deferred tax assets based on actual results. - FY2021-Q2SoftenedAnnual report
「However, after the results for the cumulative second quarter period were finalized and the impact of the spread of COVID-19 was reconsidered in light of those results, the company revised its assumption, determining that a full-scale recovery would begin in or after the fiscal year ending February 2023.」
The assumption made in the first quarter that customer visits would recover to pre-pandemic levels in the second half of the fiscal year was revised, postponing the timing of a full-scale recovery to the fiscal year ending February 2023 or later. - FY2021-Q1First statedAnnual report
「In response to the spread of COVID-19, sales had declined due to a decrease in customer visits and reduced business hours, but a certain degree of recovery has been seen since the state of emergency was lifted. In these circumstances, the company has prepared accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that customer visits will gradually recover and return to pre-pandemic levels in the second half of the fiscal year. This assumption involves a high degree of uncertainty, and losses may arise in the future if the impact of the spread of COVID-19 continues or worsens.」
The company estimated impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that customer visits would recover to pre-pandemic levels in the second half of the fiscal year. It also stated that the assumption involved a high degree of uncertainty and that losses could arise in the future if the impact continued or worsened.