Estimation Risks Related to Deferred Tax Assets and Fixed Asset Impairment
First written in FY2020. 10 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 10 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For assets or asset groups showing indications of impairment, the Group estimates future cash flows and other factors and determines whether impairment recognition is required.」
Continues to disclose the possibility that impairment losses may arise from changes in assumptions regarding business plans, market conditions, future cash flows and other factors in accounting for impairment of fixed assets. No impairment losses were recorded in the current fiscal year. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates for deferred tax assets, impairment of fixed assets and other items based on assumptions regarding the spread and containment timing of the infectious disease. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates for deferred tax assets, impairment of fixed assets and other items based on assumptions regarding the spread and containment timing of the infectious disease. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates for deferred tax assets, impairment of fixed assets and other items based on assumptions regarding the spread and containment timing of the infectious disease. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates for deferred tax assets, impairment of fixed assets and other items based on assumptions regarding the spread and containment timing of the infectious disease. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates for deferred tax assets, impairment of fixed assets and other items based on assumptions regarding the spread and containment timing of COVID-19. - FY2021RestatedAnnual report
「The global spread of COVID-19 is an event with a broad impact on economic activity, lifestyles and other areas, and although it is difficult to accurately predict when the outbreak will be contained, vaccinations have now begun both in Japan and overseas and the spread of infection is expected to move toward containment. Accordingly, the Group currently assumes that the impact will continue for approximately one year, followed by a gradual recovery.」
The Group continues to assume that the impact of the infectious disease will continue for approximately one year, followed by a gradual recovery, in its accounting estimates relating to impairment of fixed assets and the recoverability of deferred tax assets. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates based on assumptions regarding the spread and containment timing of COVID-19. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
Reconfirms that there were no significant changes from the previous fiscal year in accounting estimates for deferred tax assets, impairment of fixed assets and other items based on assumptions regarding the spread and containment timing of COVID-19. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
States that there were no significant changes from the previous fiscal year in the accounting estimates based on assumptions regarding the spread and containment timing of COVID-19. - FY2020First statedAnnual report
「The Group recognizes deferred tax assets when it determines that sufficient taxable income can be secured based on its future profit plans and that deductible temporary differences are recoverable. Because the recoverability of deferred tax assets depends on estimates of future taxable income, if the conditions or assumptions underlying those estimates change and taxable income declines, deferred tax assets may be reduced and tax expense may be recognized.」
Identifies the recoverability of deferred tax assets and the recognition of impairment losses on fixed assets as significant accounting estimates, as they depend on assumptions regarding future profits, cash flows and market conditions and may result in losses being recognized if those assumptions change.