Assumption that COVID-19 has no material impact on accounting estimates
First written in FY2023-Q3. 3 of 4 entries say "Mitigated", first in FY2023. Latest entry: FY2024-H1.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024-H1MitigatedAnnual report
「During the interim period, the Japanese economy was on a recovery trend as the easing of COVID-19 increased inbound consumption by visitors to Japan and socioeconomic activity normalized.」
The easing of COVID-19 and recovery in the domestic economy indicate a declining impact on economic and corporate activity. - FY2024-Q1MitigatedAnnual report
「As COVID-19 subsided, the number of visitors to Japan and inbound consumption increased, and the domestic economy was on an improving trend.」
The easing of COVID-19 and improving domestic economy indicate a declining economic impact. - FY2023MitigatedAnnual report
「With respect to the disease, various restrictions have gradually been eased, as reflected in its reclassification as a Class 5 infectious disease in May 2023, and its impact on the real economy has been diminishing. Nevertheless, the possibility that it could affect the Group's business performance has not been completely eliminated.」
Although restrictions and economic effects have eased, the pandemic risk remains. - FY2023-Q3First statedAnnual report
「COVID-19 is an event with wide-ranging effects on the economy and corporate activities, and it is difficult to predict how it will spread or when it will subside. Based on information from external sources, the Company therefore made accounting estimates for goodwill and other items on the assumption that there is currently no material impact.」
While recognizing uncertainty over the pandemic's effects, accounting estimates assume no material impact at present.