Uncertainty in accounting estimates due to the prolonged impact of COVID-19
First written in FY2020-Q2. 8 of 14 entries say "Restated". Latest entry: FY2023.
G-Factory moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 2 of 10 companies on the "Worse" side.
17 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThis filing contains no direct disclosure concerning accounting estimates based on the assumption that the impact of COVID-19 will be prolonged.
- FY2023-Q3RestatedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are made on the assumption that the impact of the spread of COVID-19 on the group’s business activities will be limited.」
The company continues to use accounting estimates based on the assumption that the impact of infectious diseases on business activities will be limited. The possibility of future effects arising from uncertain factors is also stated. - FY2023-Q1RestatedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are made on the assumption that the impact of the spread of COVID-19 on the group’s business activities will be limited.」
The company continues to use accounting estimates based on the assumption that the impact of infectious diseases on business activities will be limited. The possibility of future effects from uncertain factors is also stated. - FY2022ReframedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are made on the assumption that the impact of the spread of COVID-19 on the group’s business activities will be limited.」
Regarding the impact of infectious diseases, the explanation changed from one based on a prolonged impact to one assuming a limited impact on business activities. However, the possibility remains that uncertain factors could affect the group’s financial position and operating results. - FY2022-Q3RestatedAnnual report
「There have been no material changes from the previous fiscal year to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the “Additional Information” section of the previous fiscal year’s annual securities report under “Accounting estimates associated with the spread of COVID-19.”」
It is disclosed that there have been no material changes from the previous fiscal year to the assumptions in accounting estimates concerning the spread and timing of containment of the infectious disease. - FY2022-Q2RestatedAnnual report
「There have been no material changes from the previous fiscal year to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the “Additional Information” section of the previous fiscal year’s annual securities report under “Accounting estimates associated with the spread of COVID-19.”」
It is stated that there have been no material changes from the previous fiscal year to the assumptions in accounting estimates concerning the spread and timing of containment of the infectious disease. - FY2022-Q1RestatedAnnual report
「There have been no material changes from the previous fiscal year to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the “Additional Information” section of the previous fiscal year’s annual securities report under “Accounting estimates associated with the spread of COVID-19.”」
It is disclosed that there have been no material changes from the previous fiscal year to the assumptions in accounting estimates concerning the spread and timing of containment of the infectious disease. - FY2021WorsenedAnnual report
「The food-service industry to which our group belongs has been affected by requests from the national and local governments for restaurants and other establishments to voluntarily suspend operations due to the spread of COVID-19, and we believe this impact will continue from fiscal 2022 onward.」
The outlook for the continuing impact of infectious diseases has explicitly been extended to fiscal 2022 and beyond, extending the assumed period of uncertainty in accounting estimates. - FY2021-Q3RestatedAnnual report
「There have been no material changes from the previous fiscal year to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the “Additional Information” section of the previous fiscal year’s annual securities report under “Accounting estimates associated with the spread of COVID-19.”」
It is stated that there have been no material changes from the previous fiscal year to the assumptions in accounting estimates concerning the spread and timing of containment of the infectious disease. - FY2021-Q2RestatedAnnual report
「There have been no material changes from the previous fiscal year to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the “Additional Information” section of the previous fiscal year’s annual securities report under “Accounting estimates associated with the spread of COVID-19.”」
It is stated that there have been no material changes from the previous fiscal year to the assumptions in accounting estimates concerning the spread and timing of containment of the infectious disease. - FY2021-Q1RestatedAnnual report
「There have been no material changes from the previous fiscal year to the assumptions, including those concerning the future spread of COVID-19 and the timing of its containment, described in the “Additional Information” section of the previous fiscal year’s annual securities report under “Accounting estimates associated with the spread of COVID-19.”」
It is disclosed that there have been no material changes from the previous fiscal year to the assumptions in accounting estimates concerning the spread and timing of containment of the infectious disease. - FY2020WorsenedAnnual report
「The food-service industry to which our group belongs has been affected by requests from the national and local governments for restaurants and other establishments to voluntarily suspend operations due to the spread of COVID-19, and we believe this impact will continue from fiscal 2021 onward, after the state of emergency was lifted.」
Based on the assumption that the impact of infectious diseases will continue from fiscal 2021 onward, the company is estimating impairment losses on fixed assets and the recoverability of deferred tax assets. - FY2020-Q3WorsenedAnnual report
「Domestic demand is gradually recovering in the third quarter under review, but an increase in overseas tourists cannot be expected because of travel restrictions. We have therefore revised our assumption that this impact will continue from fiscal 2021 onward. In addition, in the management support business of our group, travel restrictions have made it difficult for companies to expand from Japan into overseas markets, and we assume that this impact will continue from fiscal 2021 onward.」
Regarding the impact of infectious diseases, the assumptions were revised from an estimate based on containment by the fiscal year-end to one based on the continued impact of the delayed recovery in overseas tourists and restrictions on overseas expansion from fiscal 2021 onward. - FY2020-Q2First statedAnnual report
「The timing of the containment of COVID-19 remains uncertain, and if its impact is prolonged and the assumptions described above are no longer expected to hold, losses may arise in the future.」
The uncertainty surrounding the timing of containment of the infectious disease is disclosed as a risk in accounting estimates, with the possibility of future losses if the assumptions of demand recovery and containment by the fiscal year-end cease to hold.