Uncertainty in Accounting Estimates Related to COVID-19
First written in FY2021-Q2. 6 of 9 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
65 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThis filing contains no specific disclosure on accounting estimates for impairment of fixed assets or deferred tax assets based on COVID-19 assumptions, and instead presents the matter as a general business-operating risk associated with large-scale infectious diseases.
- FY2023-Q3RestatedAnnual report
「Although China has rapidly eased its zero-COVID policy and implemented other measures, the Group still assumes that uncertainty over the outlook, including the market impact of COVID-19, will continue for a certain period. If it takes longer to end, the Group's operating results and financial position may be affected.」
Even after China's zero-COVID policy was rapidly eased, the company continued to use the accounting assumption that the impact of the pandemic on the market and uncertainty over the outlook would persist for a certain period. - FY2023-Q2RestatedAnnual report
「The Group assumes that uncertainty over the outlook, including the market impact of restrictions on activities implemented as part of China's zero-COVID policy, will continue for a certain period. If it takes longer to end, the Group's operating results and financial position may be affected.」
While stating that there had been no material changes in the assumptions used in the accounting estimates, the company continued to describe the market impact and uncertainty resulting from restrictions on activities under China's zero-COVID policy. - FY2022-Q3RestatedAnnual report
「There have been no material changes in the assumptions regarding when the pandemic will end and other matters concerning the Group, but the Group assumes that uncertainty over the outlook, including the impact of COVID-19 on the market, will continue for the time being, or approximately 1–2 years. If it takes longer to end, the Group's operating results and financial position may be affected.」
While stating that there had been no material changes in the accounting assumptions regarding when the pandemic will end, the company continues to assume that uncertainty over the outlook, including the impact on the market, will persist for the time being, or approximately 1–2 years. - FY2022-Q2RestatedAnnual report
「There have been no material changes in the assumptions regarding when the pandemic will end and other matters concerning the Group, but the Group assumes that uncertainty over the outlook, including the impact of COVID-19 on the market, will continue for the time being, or approximately 1–2 years. If it takes longer to end, the Group's operating results and financial position may be affected.」
While stating that there had been no material changes in the accounting assumptions regarding when the pandemic will end, the company reiterated its assumption that uncertainty over the outlook, including the impact on the market, would continue for the time being, or approximately 1–2 years. - FY2022-Q1RestatedAnnual report
「There have been no material changes in the assumptions regarding when the pandemic will end and other matters concerning the Group, but the timing of the end of COVID-19 remains uncertain, and if it takes longer to end, the Group's operating results and financial position may be affected.」
It was stated that there had been no material changes in the accounting assumptions that the impact of the pandemic would persist to a certain extent through the end of the consolidated fiscal year and that operating performance would recover to approximately 90% of normal levels, or in the uncertainty over when the pandemic will end. - FY2021WorsenedAnnual report
「The Group has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of COVID-19 on the Group will persist to a certain extent through the end of the next consolidated fiscal year and that operating performance will recover to approximately 90% of normal levels.」
The assumption was extended so that the impact of the pandemic would persist through the end of the next consolidated fiscal year rather than only through the end of the current fiscal year, with operating performance assumed to recover to approximately 90% of normal levels. - FY2021-Q3RestatedAnnual report
「The Group has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of COVID-19 on the Group will persist to a certain extent through the end of the consolidated fiscal year. The timing of the end of the COVID-19 pandemic remains uncertain, and if it takes longer to end, the Group's operating results and financial position may be affected.」
The accounting assumption that the impact of the pandemic will persist through the end of the fiscal year, its impact on impairment of fixed assets and the recoverability of deferred tax assets, and uncertainty over when it will end remain in place. - FY2021-Q2First statedAnnual report
「The Group has made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of COVID-19 on the Group will persist to a certain extent through the end of the consolidated fiscal year. The timing of the end of the COVID-19 pandemic remains uncertain, and if it takes longer to end, the Group's operating results and financial position may be affected.」
The company is estimating impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of COVID-19 will persist through the end of the fiscal year. The effects of store closures and fewer customers have already emerged, and uncertainty over when the pandemic will end remains in the accounting estimates.