Recoverability of Deferred Tax Assets Due to COVID-19
First written in FY2020. 8 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Our group recognizes deferred tax assets after reasonably estimating future taxable income and determining their recoverability. If significant changes occur in estimates of future taxable income or other factors, deferred tax assets may be reversed, potentially affecting our group's financial position and results of operations.」
We continue to assess the risk of reversing deferred tax assets due to fluctuations in estimates of future taxable income. - FY2023-Q3RestatedAnnual report
「There have been no significant changes to the assumptions, including those concerning when the COVID-19 pandemic will subside, described in the annual securities report for the previous fiscal year.」
It is stated that there have been no significant changes to the accounting estimates, including the recoverability of deferred tax assets and impairment, based on assumptions regarding when the COVID-19 pandemic will subside. - FY2023-Q1RestatedAnnual report
「There have been no significant changes to the assumptions, including those concerning when the COVID-19 pandemic will subside, described in the annual securities report for the previous fiscal year.」
It is stated that there have been no significant changes to the accounting estimates, including the recoverability of deferred tax assets and impairment, based on assumptions regarding when the COVID-19 pandemic will subside. - FY2022RestatedAnnual report
「We calculate these amounts based on certain assumptions regarding the impact of COVID-19. However, if significant changes occur in estimates of future taxable income or other factors, deferred tax assets may be reversed, potentially affecting our group's financial position and results of operations.」
We continue to assess the risk relating to estimates of future taxable income based on the impact of the pandemic and the recoverability of deferred tax assets. - FY2022-Q3RestatedAnnual report
「As the spread of COVID-19 led to store closures and reduced operating hours, our results of operations have been significantly affected. Although it is difficult to accurately predict when the COVID-19 pandemic will subside, we have made accounting estimates, including the recoverability of deferred tax assets and impairment of fixed assets, assuming that the spread of the pandemic will gradually subside and that store performance will recover to pre-pandemic levels after it subsides.」
We continue to estimate the recoverability of deferred tax assets and impairment of fixed assets based on the assumption that store performance will recover to pre-pandemic levels after the pandemic subsides. - FY2022-Q1RestatedAnnual report
「As the spread of COVID-19 led to store closures and reduced operating hours, our results of operations have been significantly affected. Although it is difficult to accurately predict when the COVID-19 pandemic will subside, we have made accounting estimates, including the recoverability of deferred tax assets and impairment of fixed assets, assuming that the spread of the pandemic will gradually subside and that store performance will recover to pre-pandemic levels after it subsides.」
Assuming that it is not possible to accurately predict when the pandemic will subside, we continue to estimate deferred tax assets and impairment based on the assumption that store performance will recover to pre-pandemic levels after the pandemic subsides. - FY2021RestatedAnnual report
「Estimates of future taxable income are calculated based on the business plan and on certain assumptions regarding the impact of COVID-19. However, if significant changes occur in estimates of future taxable income or other factors, deferred tax assets may be reversed, potentially affecting our group's financial position and results of operations.」
We continue to assess the risk relating to estimates of future taxable income based on the impact of the pandemic and the recoverability of deferred tax assets. - FY2021-Q3WorsenedAnnual report
「As the spread of COVID-19 led to store closures and reduced operating hours, our results of operations have been significantly affected. Although it is difficult to accurately predict when the COVID-19 pandemic will subside, we have made accounting estimates, including the recoverability of deferred tax assets and impairment of fixed assets, assuming that results will gradually recover but that a certain impact will continue into and beyond the next fiscal year.」
The assumption has changed to one in which the impact of the pandemic will continue into and beyond the next fiscal year, extending the impact period from the previous quarter's assumption of recovery by the end of the fiscal year. - FY2021-Q2RestatedAnnual report
「As the spread of COVID-19 led to store closures and reduced operating hours, our results of operations have been significantly affected. Although it is difficult to accurately predict when the COVID-19 pandemic will subside, we have made accounting estimates, including the recoverability of deferred tax assets and impairment of fixed assets, assuming that it will take until the end of the fiscal year to recover to pre-pandemic levels.」
Assuming that it is not possible to predict when the pandemic will subside, we continue to estimate the recoverability of deferred tax assets and impairment of fixed assets based on an assumption of recovery by the end of the fiscal year. - FY2020First statedAnnual report
「If significant changes occur in estimates of future taxable income or other factors, deferred tax assets may be reversed, potentially affecting our financial position and results of operations.」
The risk of fluctuations in the recoverability of deferred tax assets based on estimates of future taxable income that assume the impact of COVID-19 is described for the first time.