Uncertainty in Accounting Estimates Arising from Assumptions About When the COVID-19 Pandemic Will Subside
First written in FY2021-Q3. 2 of 3 entries say "Restated". Latest entry: FY2022-Q2.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning how COVID-19 will spread in the future and when it will subside, described in the notes to the previous consolidated fiscal year's securities report under Additional Information (Accounting Estimates Related to the Spread of COVID-19).」
The company reconfirmed that there had been no material changes to the assumptions underlying its accounting estimates concerning the spread of COVID-19 and when it will subside. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning how COVID-19 will spread in the future and when it will subside, described in the notes to the previous consolidated fiscal year's securities report under Additional Information (Accounting Estimates Related to the Spread of COVID-19).」
The company reconfirmed that there had been no material changes to the assumptions underlying its accounting estimates concerning the spread of COVID-19 and when it will subside. - FY2021-Q3First statedAnnual report
「Demand from the logistics and semiconductor industries, which are the main demand industries for the group's products, remained firm. However, demand from the automotive and machine tool industries has recovered more slowly than initially expected due to the impact of the spread of COVID-19. The company prepared its accounting estimates based on the assumption that the spread of the infection would subside gradually and economic conditions would recover going forward. Because the impact of the spread of COVID-19 is highly uncertain, changes in the assumptions depending on when the pandemic subsides could affect the group's future financial position, operating results and cash flows.」
The company has prepared accounting estimates based on assumptions that COVID-19 will subside and the economy will recover, but has for the first time presented in a separate note that changes in the assumptions depending on when the pandemic subsides could affect its future financial position, operating results and cash flows.