Uncertainty in Accounting Estimates Resulting from the Spread of COVID-19
First written in FY2021-Q3. 2 of 5 entries say "Worsened", first in FY2021. Latest entry: FY2022.
Creek & River moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Softened".
- FY2022SoftenedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are being made on the assumption that the effects of these conditions will continue for at least the first half of the following consolidated fiscal year.」
The assumed period of impact of COVID-19 changed from the previous assumption of "the current consolidated fiscal year" to an assumption that the impact will continue through the first half of the following consolidated fiscal year. - FY2022-Q2WorsenedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are being made on the assumption that the effects of these conditions will continue for at least the current consolidated fiscal year.」
The assumed period of impact of COVID-19 was extended from the previous assumption of "the first half of the current consolidated fiscal year" to "the current consolidated fiscal year." - FY2022-Q1SoftenedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are being made on the assumption that the effects of these conditions will continue for at least the first half of the current consolidated fiscal year.」
The impact of COVID-19 was assumed to continue at least through the first half of the current consolidated fiscal year, shortening the estimated impact period from the assumption presented at the end of the previous fiscal year that it would continue through the first half of the following consolidated fiscal year. - FY2021WorsenedAnnual report
「Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are being made on the assumption that the effects of these conditions will continue for at least the first half of the following consolidated fiscal year. Because the impact of the novel coronavirus on economic activity is highly uncertain, any change in the above assumptions could affect the financial position and operating results in the future.」
The assumption that the impact of COVID-19 will continue at least through the first half of the following consolidated fiscal year was stated explicitly, specifying the period over which accounting estimates would be affected. - FY2021-Q3First statedAnnual report
「Because the impact of the novel coronavirus on economic activity is highly uncertain, any change in the above assumptions could affect the financial position and operating results in the future.」
Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, are being made based on the assumption that the spread of infection will continue during the current consolidated fiscal year and gradually normalize from the following consolidated fiscal year.