Accounting Estimates in Light of the Prolonged COVID-19 Pandemic
First written in FY2021-Q2. 6 of 9 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the significant accounting estimates in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in the assumptions underlying accounting estimates concerning the impact of COVID-19. - FY2023Update to estimates based on the assumption of normalisation of economic activityAnnual report
「Regarding the impact of COVID-19, expectations for the normalisation of economic activity have increased, including the reclassification of the disease under the Infectious Diseases Control Law as a Class 5 infectious disease on 8 May 2023. We assume that economic activity will gradually recover from April 2023 onward.」
The assumptions concerning the impact of the pandemic in the accounting estimates were updated to reflect the lifting of restrictions and the gradual recovery of economic activity. - FY2023-Q3RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the significant accounting estimates in the annual securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes to the assumptions used for accounting estimates concerning the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the significant accounting estimates in the annual securities report for the previous fiscal year.」
The company has reconfirmed that there have been no material changes to the assumptions used for accounting estimates concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the significant accounting estimates in the annual securities report for the previous fiscal year.」
It was reaffirmed that there were no material changes to the assumptions underlying the accounting estimates based on the prolonged COVID-19 pandemic. - FY2022Update to recovery assumptionsAnnual report
「Regarding the impact of COVID-19, although concerns remain over the spread of infections caused by variants from April 2022 onward, we assume that economic activity will gradually recover as various restrictions are lifted with rising vaccination rates in Japan and overseas.」
The accounting estimates presented a new assumption that economic activity would gradually recover as vaccination rates rose and restrictions were lifted, while concerns over the spread of variants remained. - FY2022-Q3RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the significant accounting estimates in the annual securities report for the previous fiscal year.」
It was reaffirmed that there were no material changes to the assumptions underlying the accounting estimates based on the prolonged COVID-19 pandemic. - FY2022-Q2RestatedAnnual report
「There were no material changes to the assumptions concerning the impact of the spread of COVID-19 described in the significant accounting estimates in the annual securities report for the previous fiscal year.」
There were no material changes from the end of the previous fiscal year to the accounting estimates based on the prolonged COVID-19 pandemic. - FY2021-Q2First statedAnnual report
「However, the containment of the pandemic has been slower than assumed at the end of the previous fiscal year. Based on the assumption that its effects would continue for a certain period, we reviewed the recoverability of deferred tax assets as of the end of the second quarter of the current fiscal year and wrote down part of the deferred tax assets judged to be unrecoverable because estimated taxable income was expected to decline.」
Accounting estimates were reviewed on the assumption that the pandemic would be contained later than assumed at the end of the previous fiscal year, and part of the deferred tax assets judged to be unrecoverable was written down.