Accounting estimates based on the assumption that the pandemic will subside and business performance recover by the end of the fiscal period
First written in FY2021-Q1. 2 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 4 of 9 companies on the "Worse" side.
17 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual reportThe accounting assumption that the infectious disease would subside and business performance recover by the end of the fiscal year, which was included through the previous quarterly report, is not explicitly stated among the significant accounting estimates for the current fiscal year.
- FY2021-Q3RestatedAnnual report
「However, this infectious disease is an event that has a broad impact on the economy and corporate activities, and its effects have continued for an extended period. Since it is difficult to accurately predict how it will spread or when it will subside, based on external information available as of the end of the third quarter, we assume that the situation will gradually subside going forward and that business performance will recover to near previous levels by the end of the fiscal year. Accordingly, we have determined that no changes are necessary to the assumptions underlying the accounting estimates made at the end of the previous fiscal year.」
Despite the prolonged effects of the infectious disease, we have continued to use the accounting assumption that it will gradually subside and business performance will recover to near previous levels by the end of the fiscal year. - FY2021-Q2RestatedAnnual report
「However, this infectious disease is an event that has a broad impact on the economy and corporate activities, and it is difficult to accurately predict how it will spread or when it will subside. Based on external information available as of the end of the second quarter, we assume that the situation will gradually subside going forward and that business performance will recover to near previous levels by the end of the fiscal year. Accordingly, we have determined that no changes are necessary to the assumptions underlying the accounting estimates made at the end of the previous fiscal year.」
We have continued to use the accounting assumption that the infectious disease will gradually subside and business performance will recover to near previous levels by the end of the fiscal year, and have determined that the assumptions underlying the estimates at the end of the previous fiscal year do not need to be changed. - FY2021-Q1First statedAnnual report
「We assume that the situation will gradually subside going forward and that business performance will recover to near previous levels by the end of the fiscal year. Accordingly, we have determined that no changes are necessary to the assumptions underlying the accounting estimates made at the end of the previous fiscal year.」
Regarding COVID-19, we have based our accounting estimates on the assumption that the infection will gradually subside and business performance will recover to near previous levels by the end of the fiscal year, and have determined that the assumptions used at the end of the previous fiscal year do not need to be changed.