Accounting estimates regarding the timing of COVID-19 containment, etc.
First written in FY2021-Q1. 1 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Softened".
- FY2021SoftenedAnnual report
「The Company expects the effects of COVID-19 to remain to some extent in the next consolidated fiscal year, but to subside gradually toward the end of that fiscal year.」
The Company presented the accounting assumption that the effects of COVID-19 would remain in the next consolidated fiscal year but would subside gradually toward the end of that fiscal year. - FY2021-Q3RestatedAnnual report
「In the additional information to the securities report for the previous consolidated fiscal year, the Company had assumed that the effects of the spread of COVID-19 would continue at least until around summer 2020, would then begin to improve gradually, and would be largely contained by the end of 2020. In light of the subsequent infection situation, at the end of the second quarter of the current consolidated accounting period, it changed the assumption to one under which conditions would improve gradually but the effects of the situation would remain through the end of the current consolidated fiscal year. Based on the above assumption, the Group reflected its accounting estimates for the third quarter of the current consolidated cumulative period in its accounting treatment.」
The accounting assumption regarding the effects of COVID-19 changed at the end of the second quarter of the consolidated accounting period continued to be applied during the third quarter cumulative period. - FY2021-Q2Change in accounting assumptionsAnnual report
「At the end of the first quarter of the current consolidated cumulative period, the Company had assumed that the effects of the spread of COVID-19 would continue at least until around summer 2020, would then begin to improve gradually, and would be largely contained by the end of 2020. In light of the subsequent infection situation, it changed the assumption to one under which conditions would improve gradually but the effects of the situation would remain through the end of the current consolidated fiscal year, and reflected this change in its accounting treatment of the recoverability of deferred tax assets, impairment accounting for fixed assets, and the assessment of the allowance for doubtful accounts.」
Regarding the effects of COVID-19, the Company changed its assumption from one that the effects would be largely contained around the end of 2020 to one that conditions would improve gradually but the effects would remain through the end of the current consolidated fiscal year. The revised assumption has been reflected in accounting estimates for deferred tax assets, impairment of fixed assets, and the allowance for doubtful accounts. - FY2021-Q1First statedAnnual report
「There have been no material changes to the assumptions, including the expected timing of the end of the COVID-19 pandemic, described in the additional information section of the previous consolidated fiscal year’s annual securities report under “Accounting estimates affected by the spread of COVID-19.”」
The Company disclosed that there were no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates, including the timing of the containment of COVID-19.