Estimating Asset and Tax Recoverability in Light of the Impact of COVID-19
First written in FY2020-Q3. 4 of 6 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
103 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The resurgence of COVID-19 and the continuing tense situation in Russia and Ukraine are expected to have direct and indirect effects on the group’s business activities. However, based on conditions to date, including reductions in nonessential and nonurgent expenditures and the development of a remote-work environment to maintain business continuity, the company has made accounting estimates, including the recoverability of goodwill, other fixed assets and deferred tax assets in the quarterly consolidated financial statements for the current third quarter, on the assumption that the impact on future results will be limited.」
The policy of reflecting the infectious disease and the situation in Russia and Ukraine in estimates, while assuming a limited impact on results based on expenditure reductions and the development of remote work, remains in place. - FY2023-Q2RestatedAnnual report
「The resurgence of COVID-19 and the continuing tense situation in Russia and Ukraine are expected to have direct and indirect effects on the group’s business activities. However, based on conditions to date, including reductions in nonessential and nonurgent expenditures and the development of a remote-work environment to maintain business continuity, the company has made accounting estimates, including the recoverability of goodwill, other fixed assets and deferred tax assets in the quarterly consolidated financial statements for the current second quarter, on the assumption that the impact on future results will be limited.」
The policy of reflecting the infectious disease and the situation in Russia and Ukraine in accounting estimates, while assuming a limited impact on results based on expenditure reductions and the development of remote work, remains in place. - FY2023-Q1RestatedAnnual report
「The resurgence of COVID-19 and the continuing tense situation in Russia and Ukraine are expected to have direct and indirect effects on the group’s business activities. However, based on conditions to date, including reductions in nonessential and nonurgent expenditures and the development of a remote-work environment to maintain business continuity, the company has made accounting estimates, including the recoverability of goodwill, other fixed assets and deferred tax assets in the quarterly consolidated financial statements for the current first quarter, on the assumption that the impact on future results will be limited.」
The policy of reflecting the impact of the infectious disease and the situation in Russia and Ukraine in accounting estimates, while assuming a limited impact on results based on expenditure reductions and the development of remote work, remains in place. - FY2022-Q1RestatedAnnual report
「However, based on the situation following the multiple declarations of a state of emergency, the company has made accounting estimates, including the recoverability of goodwill, other fixed assets and deferred tax assets in the consolidated financial statements for the current first quarter, on the assumption that the impact on future results will be limited.」
The policy of reflecting the impact of COVID-19 in estimates of the recoverability of assets and deferred tax assets remains in place, and the company assumes that the impact on future results will be limited. - FY2020ReframedAnnual report
「A state of emergency has been declared again, and an impact on the group’s business activities is expected. However, based on the situation following the previous declaration, the company has made accounting estimates, including the recoverability of goodwill, other fixed assets and deferred tax assets in the consolidated financial statements for the current consolidated fiscal year, on the assumption that the impact on future results will be limited.」
While the policy of reflecting the impact of the infectious disease in estimates of asset and tax-asset recoverability remains in place, the company is making estimates on the assumption that the impact of the renewed declaration will be limited. - FY2020-Q3First statedAnnual report
「The company’s estimates and judgments regarding the recoverability of goodwill and other fixed assets and deferred tax assets in the consolidated financial statements for the first quarter of the current fiscal year reflect the impact of COVID-19. Based on the trend in results to date, the company assumes that the impact will continue to a certain extent throughout the current consolidated fiscal year, but also assumes that results will gradually recover toward the level of the previous year from the third quarter onward, except for certain overseas businesses.」
The impact of the infectious disease has been reflected in estimates of the recoverability of goodwill, other fixed assets and deferred tax assets. The company assumes that the impact will continue to a certain extent for the full year, while results will recover to the previous year’s level from the third quarter onward, excluding certain overseas businesses.