Accounting Estimates Incorporating the Impact of COVID-19
First written in FY2020-Q3. 6 of 12 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
65 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual reportThe accounting estimates in this filing describe deferred tax assets and impairment of fixed assets, but do not explicitly state accounting estimates based on the assumption that COVID-19 will subside and recovery will occur.
- FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Additional Information, "Accounting Estimates Related to the Impact of COVID-19."」
The Group has reconfirmed that there are no material changes to the accounting assumptions regarding the impact of the infectious disease incorporated into the assessment of the recoverability of deferred tax assets and the determination of impairment losses. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Additional Information, "Accounting Estimates Related to the Impact of COVID-19."」
The Group has reconfirmed that there are no material changes to the assumptions in its accounting estimates incorporating the impact of the infectious disease. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Additional Information, "Accounting Estimates Related to the Impact of COVID-19."」
The Group has reconfirmed that there are no material changes to the accounting assumptions regarding the impact of the infectious disease incorporated into the assessment of the recoverability of deferred tax assets and the determination of impairment losses. - FY2022ReframedAnnual report
「In assessing the recoverability of deferred tax assets and determining whether impairment losses on fixed assets need to be recognized, the Group assumes that although the impact of COVID-19 will continue, economic activity will proceed without requests from the government or local governments to restrict activity; that the impact of the seventh wave, in which new infections surged from July 2022 onward, will subside by October 2022; and that business will gradually recover from November 2022 through the end of July 2023, although sales will not reach pre-pandemic levels.」
The assumption for recovery in the accounting estimates was changed to incorporate the seventh wave from July 2022 onward, with its impact subsiding by October 2022 and a gradual recovery from November 2022 through the end of July 2023. - FY2022-Q2ReframedAnnual report
「However, in light of shortened operating hours and requests to refrain from serving alcoholic beverages under priority preventive measures accompanying the further spread of infection, the Group changed its assumption to one under which the spread of infection would gradually subside and recovery would begin by July 2022.」
The assumption for business recovery in the accounting estimates was changed from recovery by February 2022 to a gradual subsiding of the impact and recovery by July 2022. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Additional Information, "Accounting Estimates Related to the Impact of COVID-19."」
The Group has reconfirmed that there are no material changes to the accounting assumptions regarding the impact of the infectious disease incorporated into the assessment of the recoverability of deferred tax assets and the determination of impairment losses. - FY2021RestatedAnnual report
「In assessing the recoverability of deferred tax assets and determining whether impairment losses on fixed assets need to be recognized, the Group assumes, in light of declarations of a state of emergency and requests to refrain from serving alcoholic beverages under priority preventive measures accompanying the spread of COVID-19, as well as social developments such as the start of vaccinations and trends in infection numbers, that the spread of infection will gradually subside by February 2022 and business performance will recover to pre-pandemic levels.」
The Group continues to use the accounting estimate assumption that the infectious disease will subside and business performance will recover by February 2022. - FY2021-Q3ReframedAnnual report
「In assessing the recoverability of deferred tax assets and determining impairment losses, the Group had assumed that, although shortened operating hours and declines in customer traffic resulting from requests by local governments would affect business from February through April 2021, requests for shortened operating hours and similar measures would be limited from May 2021 onward and the izakaya industry would gradually recover, taking into account social developments such as the start of COVID-19 vaccinations and the stabilization of infection numbers. However, in light of subsequent declarations of a state of emergency and requests to refrain from serving alcoholic beverages under priority preventive measures accompanying the further spread of infection, the Group changed its assumption to one under which the spread of infection would gradually subside and recovery would begin by February 2022, and is assessing the recoverability of deferred tax assets and determining impairment losses on that basis.」
The assumption for recovery in the accounting estimates was changed from recovery beginning in May 2021 onward to a gradual recovery to pre-pandemic levels by February 2022. - FY2021-Q2ReframedAnnual report
「In assessing the recoverability of deferred tax assets and determining impairment losses, the Company recognizes that business performance may continue to fluctuate due to external factors, including developments related to COVID-19. Taking into account social developments such as the start of vaccinations and the stabilization of infection numbers, the Company assumes that shortened operating hours and declines in customer traffic resulting from requests by local governments will affect business from February through April 2021, but that requests for shortened operating hours and similar measures will be limited from May 2021 onward, allowing the izakaya industry to gradually recover.」
Regarding the accounting estimates for COVID-19, the Company stated the assumption that the impact of shortened operating hours and similar measures would remain from February through April 2021, followed by limited requests for shortened operating hours from May 2021 onward and a gradual recovery. Compared with the previous fiscal year's estimates, the assumptions regarding the timing of recovery and the duration of the impact have become more specific. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the previous fiscal year's securities report under Additional Information, "Accounting Estimates Related to the Impact of COVID-19."」
The Company has reconfirmed that there are no material changes to the accounting assumptions regarding the impact of COVID-19 used in assessing the recoverability of deferred tax assets and determining impairment losses. - FY2020-Q3First statedAnnual report
「In assessing the recoverability of deferred tax assets and determining impairment losses, the Company assumes that the impact of the spread of COVID-19 will gradually subside and recovery will begin by March 2021, and that sales will be at approximately the usual level from April 2021 onward.」
In assessing the recoverability of deferred tax assets and determining impairment losses, the Company has for the first time explicitly stated the assumption that the impact of the infectious disease will subside and recovery will begin by March 2021, with sales returning to approximately the usual level from April 2021 onward.