Uncertainty in Accounting Estimates Due to COVID-19
First written in FY2021-Q2. 7 of 11 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024-Q1RestatedAnnual report
「There have been no significant changes to the assumptions concerning COVID-19 and the situation in Russia and Ukraine described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. Although it is extremely difficult to accurately predict when the COVID-19 pandemic and the situation in Russia and Ukraine will subside, the Company assumes that the impact of the COVID-19 pandemic will become minor, while the effects of higher raw-material and fuel prices and increased logistics costs attributable to the situation in Russia and Ukraine will continue for a certain period.」
There have been no significant changes to the assumptions underlying the accounting estimates. The Company assumes that the impact of COVID-19 will become minor, while the effects of raw-material and fuel prices and logistics costs arising from the situation in Russia and Ukraine will continue for a certain period. - FY2023SoftenedAnnual report
「Although the impact of the COVID-19 pandemic will be minor in the following consolidated fiscal year,」
Regarding uncertainty in accounting estimates caused by COVID-19, the assumption was revised to one in which the impact in the following fiscal year would be minor. - FY2023-Q3RestatedAnnual report
「There have been no significant changes to the assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. The Company assumes that the impact of COVID-19 will recover to some extent.」
The Company has reaffirmed that there has been no significant change in the accounting estimate assumption that the impact of COVID-19 will recover to some extent. - FY2023-Q2RestatedAnnual report
「There have been no significant changes to the assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. The Company assumes that the impact of COVID-19 will recover to some extent.」
The Company has reaffirmed that there has been no significant change in the accounting estimate assumption that the impact of COVID-19 will recover to some extent. - FY2023-Q1RestatedAnnual report
「There have been no significant changes to the assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. The Company assumes that the impact of COVID-19 will recover to some extent.」
The Company has reaffirmed that there has been no significant change in the accounting estimate assumption that the impact of COVID-19 will recover to some extent. - FY2022Addition of a recovery assumption and geopolitical uncertaintyAnnual report
「The Company assumes that the impact of COVID-19 will recover to some extent. Regarding the situation in Russia and Ukraine, the Company recorded an impairment loss of ¥673 million on business assets in Russia as a direct impact.」
While the accounting estimates assume a certain degree of recovery from the impact of COVID-19, the Company added the ¥673 million impairment loss on fixed assets arising from the situation in Russia and Ukraine and uncertainties such as supply instability. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those regarding the future spread and timing of containment of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
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 regarding the future spread and timing of containment of COVID-19, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes to the assumptions underlying accounting estimates, including those regarding the spread and timing of containment of COVID-19. - FY2021Assumption that the situation will largely subside in the following fiscal yearAnnual report
「The future business plans incorporate the impact of COVID-19 on each business operated by the Group, taking into account information based on external sources, including preliminary information from customers, and assume that the impact will largely subside in the following consolidated fiscal year.」
Regarding uncertainty in accounting estimates caused by COVID-19, the Company incorporated the impact by business and assumed that it would largely subside in the following consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「The future business plans incorporate the impact of COVID-19 on each business operated by the Group, taking into account information based on external sources, including preliminary information from customers. Although the degree of impact differs by business, the Company assumes that conditions will gradually recover toward the end of the current consolidated fiscal year.」
Regarding estimation uncertainty caused by COVID-19, the Company incorporated the impact by business based on external information such as preliminary information from customers and assumed a gradual recovery toward the end of the fiscal year. - FY2021-Q2First statedAnnual report
「Regarding the impact of COVID-19, there is no consensus on how the pandemic will spread or when it will subside, making it extremely difficult to forecast when economic activity will normalize and how the pandemic will affect the Group's performance. Accordingly, the Company determined that significant uncertainty is included in the future business plans underlying the calculation of future cash flows for impairment accounting for fixed assets and the assessment of the recoverability of deferred tax assets.」
The Company newly specified the risk that the impact of COVID-19 would create significant uncertainty in accounting estimates relating to future cash flows for impairment of fixed assets and the recoverability of deferred tax assets.