Assumption of recovery from COVID-19 and uncertainty in accounting estimates
First written in FY2021-Q2. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 3 of 9 companies on the "Worse" side.
22 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「Among the amounts recorded in the consolidated financial statements for the current consolidated fiscal year based on accounting estimates, there are no items involving a risk of materially affecting the consolidated financial statements for the following consolidated fiscal year.」
Regarding the uncertainty in accounting estimates based on the assumption of recovery from COVID-19 described through the previous filing, the current filing contains no separate disclosure and states that there are no estimated items posing a risk of material impact. - FY2021-Q3RestatedAnnual report
「Based on the assumption that the effects of the spread of COVID-19 would largely recover by the end of the consolidated fiscal year, the Group made accounting estimates, including impairment accounting for fixed assets, using information available when preparing the quarterly consolidated financial statements. This assumption has not materially changed from the assumption concerning the effects of the spread of COVID-19 described in the additional information in the securities report for the previous consolidated fiscal year. However, the effects of the spread of COVID-19 involve many uncertainties and may affect the Group’s financial position and operating results from the current consolidated fiscal year onward.」
While there has been no material change in the accounting assumption that the effects of COVID-19 would largely recover by the end of the consolidated fiscal year, the Company has reconfirmed that uncertainties remain regarding the effects from the current consolidated fiscal year onward. - FY2021-Q2First statedAnnual report
「Based on the assumption that the effects of the spread of COVID-19 would largely recover by the end of the consolidated fiscal year, the Group made accounting estimates, including impairment accounting for fixed assets, using information available when preparing the quarterly consolidated financial statements. However, the effects of the spread of COVID-19 involve many uncertainties and may affect the Group’s financial position and operating results from the third quarter and subsequent consolidated accounting periods.」
The Company states that it has made estimates for impairment accounting and other matters based on the assumption that the effects of COVID-19 would largely recover by the end of the consolidated fiscal year, while uncertainties remain regarding the timing of recovery and the subsequent effects on its financial position and operating results.