Uncertainty in accounting estimates arising from the impact of COVID-19
First written in FY2021. 1 of 3 entries say "Dropped", first in FY2024. Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024DroppedAnnual report
「Investment securities (unlisted shares)」
The accounting-estimate risk based on the impact of COVID-19, which had been disclosed through the previous fiscal year, was not identified as a significant accounting estimate for the current fiscal year. The valuation of unlisted shares was listed as the primary estimate item. - FY2022Assumed limited impact, with uncertainty continuingAnnual report
「As of the date the consolidated financial statements for the current fiscal year were prepared, the company assumed that COVID-19 and other factors would not have a significant impact on accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets. However, because there are many uncertainties regarding the future impact of COVID-19 and other factors, if actual developments diverge from the assumptions, the Group's financial position and operating results may be affected.」
While the company assumed that the renewed spread of the pandemic and the invasion of Ukraine would not have a significant impact on accounting estimates for the fiscal year, uncertainty remained regarding the possibility that actual developments could diverge from the assumptions. - FY2021First statedAnnual report
「Because many uncertainties remain regarding the future impact of COVID-19, actual developments may differ from our assumptions and affect the group’s financial condition and operating results.」
The company disclosed the possibility that COVID-19 could cause actual developments to differ from assumptions used in accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.