Estimates of deferred tax assets and impairment based on assumptions about the impact of COVID-19
First written in FY2020. 4 of 5 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
「Although the impact of the spread of COVID-19 involves considerable uncertainty, the company has made estimates based on forecasts as of the end of the current consolidated fiscal year.」
Given the uncertainty surrounding the impact of the infectious disease, the company has made accounting estimates, including impairment of property, plant and equipment and goodwill, based on forecasts as of the fiscal year-end. - FY2021-Q3RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the subsiding of the impact of COVID-19, or in the accounting estimates incorporating those assumptions, as described in the “Additional Information” section of the securities report for the previous consolidated fiscal year, “Accounting Estimates Related to COVID-19.”」
The company reaffirms that there have been no material changes from the previous consolidated fiscal year in the assumptions concerning the timing of the subsiding of COVID-19 and the accounting estimates incorporating those assumptions. - FY2021-Q2RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the subsiding of the impact of COVID-19, or in the accounting estimates incorporating those assumptions, as described in the “Additional Information” section of the securities report for the previous consolidated fiscal year, “Accounting Estimates Related to COVID-19.”」
The company reaffirms that there have been no material changes from the previous consolidated fiscal year in the assumptions concerning the timing of the subsiding of COVID-19 and the accounting estimates incorporating those assumptions. - FY2021-Q1RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions, including the expected timing of the subsiding of the impact of COVID-19, or in the accounting estimates incorporating those assumptions, as described in the “Additional Information” section of the securities report for the previous consolidated fiscal year, “Accounting Estimates Related to COVID-19.”」
The company reaffirms that there have been no material changes from the previous consolidated fiscal year in the assumptions concerning the timing of the subsiding of COVID-19 and the accounting estimates incorporating those assumptions. - FY2020First statedAnnual report
「The global spread of COVID-19 has disrupted the group’s manufacturing and sales activities at its domestic and overseas locations. Because COVID-19 is an event with a broad impact on corporate activities and it is difficult to predict how it will spread or when it will subside, the group has made accounting estimates, including assessments of the recoverability of deferred tax assets and impairment of property, plant and equipment, based on external information and other factors and on the assumption that the impact will continue for a considerable period.」
The company has clearly stated for the first time that it is making accounting estimates for the recoverability of deferred tax assets and impairment of property, plant and equipment based on the assumption that the impact of COVID-19 will continue for a considerable period.