Estimates of impairment and deferred tax asset recoverability in light of COVID-19
First written in FY2021-Q1. 1 of 2 entries say "Reframed", first in FY2021-Q3. Latest entry: FY2021-Q3.
Kaitori Okoku moved to the "Worse" side of this theme in 2021, 1 year before 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".
- FY2021-Q3ReframedAnnual report
「Because the timing of the end of COVID-19 remains uncertain, its impact could be prolonged. Based on information available at the current time, the company made accounting estimates, including judgments regarding impairment of fixed assets and the recoverability of deferred tax assets, assuming that the impact of the spread of the infection would continue for a certain period beyond the fiscal year, but would have a limited impact on its business activities.」
The description has shifted from assuming a recovery after the infection subsides to an estimate that recognizes the possibility that its impact will continue and be prolonged for a certain period, while assuming a limited impact on business activities. - FY2021-Q1First statedAnnual report
「Assuming that the situation would gradually recover as economic activity resumed following the lifting of the state of emergency in May, the company made accounting estimates, including judgments regarding impairment of fixed assets and the recoverability of deferred tax assets.」
The company judged the impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that economic activity would gradually recover after the state of emergency was lifted.