Accounting Estimates Based on Assumptions of COVID-19 Containment and Business Recovery
First written in FY2020. 2 of 8 entries say "Restated". Latest entry: FY2026.
Choushimaru moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「We estimate taxable income based on our future profit plans and recognize deferred tax assets for deductible temporary differences and other items.」
The description was reorganized from the prior-year assumption of containment and recovery, namely, 'recovery above pre-COVID-19 levels,' into a general description of estimates based on profit plans and changes in consumer trends and the business environment. - FY2024Updated assumptions to reflect recovery above pre-COVID-19 levelsAnnual report
「As demand for dine-in service has begun to recover with the containment of COVID-19, and the effects of price revisions have also contributed, we have assumed that sales will recover above pre-COVID-19 levels and made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The accounting estimate assumptions were updated from the previous fiscal year's assumption of recovery to 'pre-COVID-19 levels' to an assumption of recovery 'above pre-COVID-19 levels.' - FY2023Updated estimates based on an assumption of recovery to pre-COVID-19 levelsAnnual report
「As demand for dine-in service has begun to recover with the containment of COVID-19, and the effects of price revisions have also contributed, we have assumed that sales will steadily recover to pre-COVID-19 levels and made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The accounting estimate assumptions were updated from the stage of assuming sales at approximately 90% of the level before the spread of COVID-19 or performance at approximately the previous year's level to an assumption that sales would recover to pre-COVID-19 levels due to the recovery in dine-in demand and the effects of price revisions. - FY2021Updated accounting estimate assumptions to reflect performance at approximately the previous year's levelAnnual report
「Although the timing of containment of the impact of COVID-19 remains unclear at present, we have assumed that business performance will remain at approximately the previous year's level and made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets.」
The assumptions were updated from the previous fiscal year's assumptions regarding the timing of containment and recovery in business performance from September onward to assumptions for the current fiscal year that the timing of containment remains unclear but business performance will remain at approximately the previous year's level. - FY2021-Q3RestatedAnnual report
「Given the uncertain outlook surrounding the spread of COVID-19, we assumed that full-year net sales would remain at approximately 90% of the level before the spread of COVID-19, and forecast business performance for the current fiscal year on the assumption of structural changes in the revenue model.」
We continue to make accounting estimates based on full-year net sales at approximately 90% of the level before the spread of COVID-19 and structural changes in the revenue model, and state that there have been no material changes from the description for the previous fiscal year. - FY2021-Q2RestatedAnnual report
「Given the uncertain outlook surrounding the spread of COVID-19, we assumed that full-year net sales would remain at approximately 90% of the level before the spread of COVID-19, and forecast business performance for the current fiscal year on the assumption of structural changes in the revenue model.」
We continue to make accounting estimates based on the assumptions that full-year net sales will be approximately 90% of the level before the spread of COVID-19 and that the revenue model will undergo structural changes. - FY2021-Q1Assumed full-year net sales at approximately 90% of the level before the spread of COVID-19Annual report
「As the results for the cumulative first quarter of the fiscal year ending May 2021 had been finalized, and we judged that conditions had emerged in which the short-term impact of the spread of COVID-19 could be predicted to some extent, we assumed, based on those results, that full-year net sales would remain at approximately 90% of the level before the spread of COVID-19, and forecast business performance for the current fiscal year on the assumption of structural changes in the revenue model.」
Based on the first-quarter results while taking into account the previous fiscal year's accounting estimates, we have updated our estimates by assuming full-year net sales at approximately 90% of the level before the spread of COVID-19 and structural changes in the revenue model. - FY2020First statedAnnual report
「We have made accounting estimates concerning impairment of fixed assets and the recoverability of deferred tax assets, assuming that the impact of COVID-19 would move toward containment between June and July 2020 and that business performance from September onward would recover to approximately the previous year's level.」
We have made estimates of impairment of fixed assets and the recoverability of deferred tax assets based on assumptions regarding the timing of containment of the infection and recovery in business performance from September onward.