Estimates for Impairment and Tax-Effect Accounting Based on the Assumption of Continued COVID-19 Impact
First written in FY2021-Q1. 8 of 10 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Because predictions and judgments regarding the timing and extent of a recovery in revenue following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Act involve a high degree of uncertainty, the company estimates future cash flows and the recoverability of deferred tax assets and other items for impairment of fixed assets and tax-effect accounting on the assumption that the impact on operating results will continue for a certain period.」
Due to uncertainty regarding the timing and extent of the recovery in revenue after the reclassification as a Class 5 disease, the company continues to estimate impairment and tax-effect accounting based on the assumption that the impact of the pandemic will continue for a certain period. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions regarding accounting estimates related to the impact of COVID-19 during the six-month period ended in the second quarter compared with the information described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there were no material changes from the previous fiscal year in estimates for impairment, tax-effect accounting and other items based on the impact of the pandemic. - FY2023-Q1RestatedAnnual report
「There were no material changes to the assumptions regarding accounting estimates related to the impact of COVID-19 during the three-month period ended in the first quarter compared with the information described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
The company states that there were no material changes from the previous fiscal year in accounting estimates for impairment of fixed assets, deferred tax assets and other items based on the impact of the pandemic. - FY2022-Q3RestatedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets and other items on the assumption that the impact on operating results would continue for a certain period.」
The company continues to account for impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the pandemic will continue for a certain period. - FY2022-Q2RestatedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets and other items on the assumption that the impact on operating results would continue for a certain period.」
The company continues to account for impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the pandemic will continue for a certain period. - FY2022-Q1RestatedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets and other items on the assumption that the impact on operating results would continue for a certain period.」
The company continues to account for impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the pandemic will continue for a certain period. - FY2021RestatedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets and other items on the assumption that the impact on operating results would continue for a certain period.」
The company continues to account for impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the pandemic will continue for a certain period. - FY2021-Q3RestatedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets and other items on the assumption that the impact on operating results would continue for a certain period.」
The company continues to account for impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the pandemic will continue for a certain period. - FY2021-Q2SoftenedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets and other items on the assumption that the impact on operating results would continue for a certain period.」
The company states that it estimates impairment and tax-effect accounting on the assumption that the impact of the pandemic will continue for a certain period. The previous specific assumption of “through September 2020” is no longer presented. - FY2021-Q1First statedAnnual report
「The temporary closure of stores and other measures associated with the spread of COVID-19 have caused a decline in revenue and other effects on recent operating results. For impairment of fixed assets and tax-effect accounting, the company has estimated future cash flows and the recoverability of deferred tax assets on the assumption that the impact on operating results would continue through September 2020.」
For the first time, the company separately disclosed the accounting issue of estimating impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of COVID-19 would continue through September 2020.