Uncertainty in Accounting Estimates
First written in FY2017-Q2. 12 of 16 entries say "Restated". Latest entry: FY2021.
JFE Holdings moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 6 of 24 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2021Change to an assumption of limited impact in the following fiscal yearAnnual report
「Although the spread of COVID-19 is affecting results for the current consolidated fiscal year, the accounting estimates assume that its impact on the following consolidated fiscal year will be limited.」
The assumption was changed from the previous one of a gradual recovery toward the second half of the current fiscal year to one that the impact on the following consolidated fiscal year would be limited. - FY2021-Q3RestatedAnnual report
「Although domestic and overseas demand for steel products has declined because of the economic slowdown caused by the spread of COVID-19, the accounting estimates for the third quarter of the current consolidated fiscal year assume that the effects will gradually recover toward the second half of the current consolidated fiscal year.」
The accounting assumption regarding decreased demand for steel products due to COVID-19 and a gradual recovery toward the second half of the current fiscal year is maintained. - FY2021-Q2RestatedAnnual report
「Although domestic and overseas demand for steel products has declined because of the economic slowdown caused by the spread of COVID-19, the accounting estimates for the second quarter of the current consolidated fiscal year assume that the effects will gradually recover toward the second half of the current consolidated fiscal year.」
The accounting assumption regarding decreased demand for steel products due to COVID-19 and a gradual recovery toward the second half of the current consolidated fiscal year is reaffirmed. - FY2021-Q1Change in the assumption regarding recovery from the effects of COVID-19Annual report
「Although domestic and overseas demand for steel products has declined because of the economic slowdown caused by the spread of COVID-19, the accounting estimates for the first quarter of the current consolidated fiscal year assume that the effects will gradually recover toward the second half of the current consolidated fiscal year.」
The accounting estimates assume that the effects of COVID-19 will gradually recover toward the second half of the current consolidated fiscal year. - FY2020Addition of a COVID-19 assumptionAnnual report
「Because the spread of COVID-19 was expected to substantially reduce domestic and overseas demand for steel products due to the resulting economic slowdown as of the end of the current consolidated fiscal year, the accounting estimates for the current consolidated fiscal year assume that these effects will continue for approximately six months.」
An assumption that the effects of COVID-19 would continue for approximately six months was added to the uncertainty of accounting estimates. - FY2020-Q2RestatedAnnual report
「Estimates and assumptions are based on management's best judgment, taking into account various factors considered reasonable in light of past results and circumstances. However, actual results may differ from these estimates and assumptions by their nature.」
The possibility of differences between estimates and actual results relating to the application of accounting policies and the reporting of assets, liabilities, revenue and expenses is reaffirmed. - FY2019-Q3RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reaffirmed. - FY2019-Q2RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reaffirmed. - FY2019-Q1RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reiterated. - FY2018RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and deferred tax assets is reiterated. - FY2018-Q3RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reiterated. - FY2018-Q2RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reiterated. - FY2018-Q1RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reiterated. - FY2017RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and deferred tax assets is reiterated. - FY2017-Q3RestatedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The uncertainty of accounting estimates relating to revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets is reiterated. - FY2017-Q2First statedAnnual report
「Because estimates are subject to inherent uncertainty, actual results may differ from these estimates, although we believe the impact will not be material.」
The possibility of differences between accounting estimates and actual results is described for items including revenue recognition, provisions, impairment of fixed assets and the recoverability of deferred tax assets.