Accounting Estimates Reflecting the Impact of COVID-19
First written in FY2021-Q2. 3 of 6 entries say "Restated". Latest entry: FY2025.
67 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The Group’s consolidated financial statements are prepared in accordance with accounting standards generally accepted as fair and appropriate in Japan.」
The notes to the current consolidated financial statements contain no explicit disclosure of special assumptions concerning accounting estimates made in light of the impact of COVID-19. - FY2022ReframedAnnual report
「COVID-19 has had a broad impact on economic and corporate activity in Japan and overseas, but it is currently difficult to reasonably predict when it will subside. The Group believes that the impact of COVID-19 will continue to a certain extent from the next consolidated fiscal year onward, but it also believes that the changes in work styles introduced in response to the spread of COVID-19 will continue after the pandemic subsides. As companies are considered likely to maintain a strong appetite for IT investment to accommodate these changes, the Group has prepared accounting estimates, including forecast sales revenue for software developed for market sale and the recoverability of deferred tax assets, on the assumption that the impact on its results will be limited.」
The Group has organized its assumptions on the basis that the impact of the pandemic will continue to a certain extent from the next fiscal year onward, while changed work styles will continue after the pandemic subsides and strong demand for IT investment will limit the impact on results. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Accounting Estimates Related to the Impact of the Spread of COVID-19” section under “Additional Information” in the annual securities report for the previous consolidated fiscal year.」
The Group has reiterated that there have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the impact of COVID-19 described in the “Accounting Estimates Related to the Impact of the Spread of COVID-19” section under “Additional Information” in the annual securities report for the previous consolidated fiscal year.」
The Group has reiterated that there have been no material changes since the previous consolidated fiscal year to the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2021-Q3RestatedAnnual report
「The Group assumes that the spread of COVID-19 will affect the economy over the long term until a vaccine is developed and mass-produced. However, it recognizes that the adoption of IT tools such as the products and services provided by the Company will accelerate as remote work and other work styles compatible with living with COVID-19 become more widespread. Although sales activities and on-site service work in the software business may not always be conducted as before, revenue from subscription-based cloud and support services has remained solid. As no material impact is expected on the systems development services business, the Group has prepared its accounting estimates on the assumption that COVID-19 will not have a significant negative impact on its business or services.」
The Group has reiterated its policy of preparing accounting estimates on the assumption that there will be no significant negative impact on its businesses or services, based on the long-term economic effects of the pandemic and progress in IT adoption driven by the spread of remote work. - FY2021-Q2First statedAnnual report
「The Group assumes that the spread of COVID-19 will affect the economy over the long term until a vaccine is developed and mass-produced. However, it recognizes that the adoption of IT tools such as the products and services provided by the Company will accelerate as remote work and other work styles compatible with living with COVID-19 become more widespread. Although sales activities and on-site service work in the software business may not always be conducted as before, revenue from subscription-based cloud and support services has remained solid. As no material impact is expected on the systems development services business, the Group has prepared its accounting estimates on the assumption that COVID-19 will not have a significant negative impact on its business or services.」
Accounting estimates, including projected sales revenue for software developed for marketing and the recoverability of deferred tax assets, were prepared on the assumption that the pandemic would not have a significant negative impact on the business or services, taking into account its long-term economic effects and the expected increase in IT adoption due to remote work.