Accounting estimates based on the assumption that the COVID-19 pandemic will be prolonged
First written in FY2020-Q2. 8 of 13 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
65 other companies' latest entry also says "Dropped".
- FY2026-H1DroppedAnnual report
「As a result, the descriptions of accounting estimates and the assumptions used in those estimates in the “Analysis of Financial Position, Operating Results and Cash Flows by Management” section of the securities report for the previous fiscal year no longer apply to the valuation of goodwill (ReYuu), the valuation of inventories (merchandise), or accounting estimates related to the impact of the spread of COVID-19.」
Following the exclusion of ReYuu from the consolidated group, the descriptions concerning the valuation of goodwill and inventories related to ReYuu, as well as accounting estimates for COVID-19, no longer apply. - FY2023SoftenedAnnual report
「COVID-19 was classified as a Category 5 infectious disease under the Infectious Diseases Control Law, and some subsidence was seen, including the removal of restrictions on daily activities. However, risks including sudden changes in the business environment and deterioration in economic conditions remain.」
The assessment has changed to reflect that COVID-19 has been brought under control to a certain extent following its reclassification to Category 5 and the lifting of restrictions on activities, while risks such as a resurgence remain. - FY2023-Q3RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
The Company stated that there have been no material changes to the assumptions used in accounting estimates concerning COVID-19. - FY2023-Q2RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
It states that there have been no material changes in the accounting assumptions regarding the impact of COVID-19. - FY2022-Q3RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
It states that there have been no material changes in the accounting assumptions regarding the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
It states that there have been no material changes since the previous fiscal year in the accounting assumptions regarding the impact of COVID-19. - FY2021SoftenedAnnual report
「Regarding the impact of COVID-19, we have made accounting estimates, including judgments regarding the recoverability of deferred tax assets, based on currently available external information and other factors, assuming that the impact may continue for the next 1–2 years.」
The disclosure has changed from assuming that the impact would continue for the previous “2–3 years” to assuming that it may continue for the next “1–2 years.” - FY2021-Q3RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
It states that there have been no material changes since the previous fiscal year in the accounting assumptions regarding the impact of COVID-19. - FY2021-Q2RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
It states that there have been no material changes in the accounting assumptions regarding the impact of COVID-19. - FY2021-Q1RestatedAnnual report
「There are no material changes to the assumptions regarding the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous fiscal year.」
It states that there have been no material changes since the previous fiscal year in the accounting assumptions regarding the impact of COVID-19. - FY2020RestatedAnnual report
「Based on external information and other data currently available, we assume that the impact of COVID-19 may continue for the next 2 to 3 years. However, for purposes including assessing the recoverability of deferred tax assets, we make accounting estimates on the assumption that its impact on performance will continue through the end of the following consolidated fiscal year as necessary measures are implemented.」
We continue to make accounting assumptions that the impact of COVID-19 may continue for the next 2 to 3 years, while its impact on performance will continue through the end of the following consolidated fiscal year. - FY2020-Q3WorsenedAnnual report
「Although we had assumed that the impact on performance would continue only through the end of the current consolidated fiscal year as necessary measures were implemented, we changed the assumption, in light of the greater-than-expected impact in the fiscal year ended December 2020, to assume that the impact would continue at least through the end of the following consolidated fiscal year. We made accounting estimates, including assessing the recoverability of deferred tax assets, based on this assumption.」
Regarding the impact of COVID-19 on performance, the assumption was changed from continuation through the end of the current consolidated fiscal year to continuation through at least the end of the following consolidated fiscal year. - FY2020-Q2First statedAnnual report
「Based on external information and other data currently available, we assume that the impact of COVID-19 may continue for the next 2 to 3 years. However, for purposes including assessing the recoverability of deferred tax assets, we make accounting estimates on the assumption that its impact on performance will continue only through the end of the current consolidated fiscal year and will be immaterial from the following consolidated fiscal year onward as necessary measures are implemented. As the impact of COVID-19 is highly uncertain, changes in these assumptions could affect our future financial position and operating results.」
For accounting estimates, we assume that COVID-19 may continue for the next 2 to 3 years, that its impact on performance will continue through the end of the current consolidated fiscal year, and that the impact will be immaterial from the following fiscal year onward. We also disclose the uncertainty and the potential impact on financial position and operating results if the assumptions change.