Accounting estimates and business impact from the prolonged COVID-19 pandemic
First written in FY2020-Q3. 7 of 9 entries say "Restated". Latest entry: FY2025.
- FY2025ReframedAnnual report
「The Group prioritizes the safety of its employees and stakeholders and continues to implement infection-control measures, including telework and staggered working hours. However, if COVID-19 or another infectious disease occurs and the resulting spread of infection or prolonged situation disrupts business activities, it may affect the Group’s operating results and financial position.」
The risk disclosures have been reorganized from risks in accounting estimates focused primarily on the prolonged COVID-19 pandemic to risks involving disruption to business activities from COVID-19 and infectious diseases generally, including responses such as telework and staggered working hours. - FY2022-Q3RestatedAnnual report
「The Company states that there have been no material changes to the assumptions, including how the COVID-19 pandemic would spread and when it would subside, described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting estimate assumptions concerning the spread of COVID-19 or when it would subside. - FY2022-Q2RestatedAnnual report
「The Company states that there have been no material changes to the assumptions, including how the COVID-19 pandemic would spread and when it would subside, described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting estimate assumptions concerning the spread of COVID-19 or when it would subside. - FY2022-Q1RestatedAnnual report
「The Company states that there have been no material changes to the assumptions, including how the COVID-19 pandemic would spread and when it would subside, described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting estimate assumptions concerning the spread of COVID-19 or when it would subside. - FY2021RestatedAnnual report
「As it is difficult to predict how the impact of COVID-19 will spread or when it will subside, the Company made accounting estimates of the recoverability of deferred tax assets based on the assumption that the impact would continue for a certain period during the fiscal year ending September 2022. If the impact of COVID-19 becomes more severe or prolonged than expected, it may affect the Group’s financial position, operating results and cash flows.」
The Company reset its accounting estimates based on the assumption that the impact of the pandemic would continue for a certain period during the fiscal year ending September 2022. - FY2021-Q3RestatedAnnual report
「The Company states that there have been no material changes to the assumptions, including how the COVID-19 pandemic would spread and when it would subside, described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting estimate assumptions concerning how the COVID-19 pandemic would spread and when it would subside. - FY2021-Q2RestatedAnnual report
「The Company states that there have been no material changes to the assumptions, including how the COVID-19 pandemic would spread and when it would subside, described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting estimate assumptions concerning how the COVID-19 pandemic would spread and when it would subside. - FY2021-Q1RestatedAnnual report
「The Company states that there have been no material changes to the assumptions, including how the COVID-19 pandemic would spread and when it would subside, described in the additional information section of the securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes to the accounting estimate assumptions concerning how the COVID-19 pandemic would spread and when it would subside. - FY2020-Q3First statedAnnual report
「As it is difficult to predict how the impact of COVID-19 will spread or when it will subside, the Company made accounting estimates of the recoverability of deferred tax assets based on the assumption that the impact would continue for a certain period during the fiscal year ending September 2021. If the impact of COVID-19 becomes more severe or prolonged than expected, it may affect the Group’s financial position, operating results and cash flows.」
Based on the assumption that the impact of COVID-19 would continue for a certain period during the fiscal year ending September 2021, the Company estimated the recoverability of deferred tax assets. For the first time, it explicitly stated the potential impact on the financial position, operating results and cash flows if the impact became more severe or prolonged than expected.