Uncertainty in accounting estimates concerning the timing of COVID-19 containment
First written in FY2021-Q2. 6 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
65 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The matters considered likely to have a particularly significant effect on judgments regarding estimates for the group are as described under “Evaluation of goodwill.”」
The company does not identify the timing of COVID-19 containment as a significant accounting estimate, instead describing the evaluation of goodwill for the current period. - FY2023-Q3RestatedAnnual report
「There have been no material changes from the information described in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes since the end of the previous consolidated fiscal year in the accounting estimates related to the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes from the information described in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes since the end of the previous consolidated fiscal year in the accounting estimates related to the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes from the information described in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year. However, the outlook for COVID-19 remains uncertain, with the number of infected people recently rising again, and any change in conditions could have a material impact on the group's financial position and operating results.」
While stating that there have been no material changes in the accounting estimates related to the infection, the company continues to describe the renewed increase in infected people and estimation uncertainty. - FY2022RestatedAnnual report
「Although vaccination and other measures to address the spread of COVID-19 are progressing, it remains difficult to predict when the infection will subside.」
The company reports progress in vaccinations, while continuing to face accounting estimation uncertainty because the timing of the infection's containment cannot be predicted. - FY2022-Q3WorsenedAnnual report
「The group's operating results were recovering during the current third-quarter consolidated accounting period, and there have been no material changes from the information described in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year. However, uncertainty about the outlook has increased recently due to the arrival of the sixth wave driven by new variants, and any change in conditions underlying the above assumptions could have a material impact on the group's financial position and operating results.」
The company reports a recovery trend in operating results, while stating that accounting estimation uncertainty has increased due to the sixth wave driven by new variants. - FY2022-Q2RestatedAnnual report
「Regarding COVID-19, the company expects economic activity to gradually recover as vaccination progresses, the number of infected people declines and restrictions such as reduced operating hours for restaurants are eased. In this environment, the group expects its operating results to gradually recover from the latter part of the second half of the current consolidated fiscal year, and there have been no material changes from the information described in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year. However, many uncertainties remain regarding the impact of the spread of COVID-19, including vaccination rates and the prevalence of variants, and any change in conditions underlying the above assumptions could have a material impact on the group's financial position and operating results.」
The company assumes a gradual recovery from the latter part of the second half based on progress in vaccinations and the easing of restrictions, while continuing to face estimation uncertainty due to factors such as vaccination rates and variants. - FY2021Greater specificity regarding the assumed timing of recoveryAnnual report
「A third state of emergency was declared in April 2021, and although it is expected to have an impact, the company assumes that conditions will gradually recover from the latter part of the second half of the fiscal year ending March 2022,」
The company assumes that the impact of the infection will gradually recover from the latter part of the second half of the fiscal year ending March 2022, while stating that many uncertainties remain. - FY2021-Q3RestatedAnnual report
「There have been no material changes from the information described in the additional information section of the quarterly report for the second-quarter consolidated accounting period regarding the assumption that the impact of the spread of COVID-19 would gradually recover toward the second half, after reaching its bottom in the first-quarter accounting period of the fiscal year ending March 2021.」
The accounting assumptions regarding the timing of the infection's containment have not materially changed from the previous quarter. At the same time, the company continues to indicate that deviations from these assumptions could affect its financial position, operating results and cash flows. - FY2021-Q2First statedAnnual report
「Although economic activity has gradually resumed following the lifting of the state of emergency declared in response to the spread of COVID-19, further spread of the infection and the timing of its containment could cause actual conditions to diverge from the assumptions, potentially affecting the group's financial position, operating results and cash flows.」
The company states that deviations from the accounting assumptions regarding the future spread of the infection and the timing of its containment could affect its financial position, operating results and cash flows.