Accounting Estimates Based on Demand Recovering to Pre-Pandemic Levels
First written in FY2020-Q2. 2 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The estimates and assumptions described above involve uncertainty, and if the conditions or assumptions underlying them change due to changes in the business plan or market environment resulting from the impact of COVID-19 or other factors, they may have a material impact on the consolidated financial statements for the following fiscal year and thereafter.」
The company continues to disclose estimates of impairment of fixed assets based on key assumptions including business plans for each store, customer visits, closing rates, units sold and store staffing levels, as well as the uncertainty arising from changes in the pandemic and market environment. - FY2020Updated accounting assumptions to reflect limited impact in the following fiscal yearAnnual report
「The company has made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets, among other items, based on the assumption that COVID-19 will have no material impact in the following fiscal year.」
The assumption was updated from the previous assumption that demand would recover to pre-pandemic levels in the second half of the current fiscal year, to one that demand would broadly recover to pre-pandemic levels by the end of the current fiscal year and that COVID-19 would have no material impact in the following fiscal year. - FY2020-Q3RestatedAnnual report
「In this situation, the company has made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets, among other items, based on the assumption that demand will continue to recover gradually and return to pre-pandemic levels in the second half of the fiscal year.」
The company continues to make accounting estimates based on the assumption that demand will recover to pre-pandemic levels in the second half of the fiscal year. It continues to disclose the possibility of future losses if the timing of the end of the pandemic remains uncertain and the assumption does not materialize. - FY2020-Q2First statedAnnual report
「The company has made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets, among other items, based on the assumption that demand will continue to recover gradually and return to pre-pandemic levels in the second half of the fiscal year. The timing of the end of the COVID-19 pandemic remains uncertain, and if its effects persist and the above assumption is no longer expected to hold, losses may arise in the future.」
The company estimated impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that demand would recover to pre-pandemic levels in the second half of the fiscal year. It also disclosed the possibility of future losses if the assumption does not materialize.