Assessing the Recoverability of Deferred Tax Assets in Light of the Impact of COVID-19
First written in FY2021-Q1. 8 of 11 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
- FY2023DroppedAnnual report
「The timing and amount of taxable income may be affected by fluctuations in uncertain future economic conditions, and if the actual timing and amount differ from the estimates, they may have a material impact on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year.」
The recoverability of deferred tax assets continued to be described, but the specific accounting assumption stated through the previous fiscal year, that the impact of COVID-19 would continue for approximately one year, was no longer explicitly presented. - FY2023-Q3RestatedAnnual report
「There has been no significant change in the assumptions regarding the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The absence of any significant change since the previous consolidated fiscal year in the assumptions underlying accounting estimates in light of the impact of COVID-19 was reconfirmed. - FY2023-Q2RestatedAnnual report
「There has been no significant change in the assumptions regarding the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The absence of any significant change since the previous consolidated fiscal year in the assumptions underlying accounting estimates in light of the impact of COVID-19 was reconfirmed. - FY2023-Q1RestatedAnnual report
「There has been no significant change in the assumptions regarding the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The absence of any significant change since the previous consolidated fiscal year in the assumptions underlying accounting estimates in light of the impact of COVID-19 was reconfirmed. - FY2022-Q3RestatedAnnual report
「There has been no significant change in the assumptions regarding the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The absence of any significant change since the previous consolidated fiscal year in the assumptions underlying accounting estimates in light of the impact of COVID-19 was reconfirmed. - FY2022-Q2RestatedAnnual report
「There has been no significant change in the assumptions regarding the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The absence of any significant change since the previous consolidated fiscal year in the assumptions underlying accounting estimates in light of the impact of COVID-19 was reconfirmed. - FY2022-Q1RestatedAnnual report
「There has been no significant change in the assumptions regarding the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The absence of any significant change since the previous consolidated fiscal year in the assumptions underlying accounting estimates in light of the impact of COVID-19 was reconfirmed. - FY2021Accounting assumptions incorporating a recovery trendAnnual report
「Regarding the impact of COVID-19, these estimates were prepared on the assumption that the impact would continue for approximately one year under current conditions before moving toward a recovery trend.」
In assessing the recoverability of deferred tax assets, the assumption was used that the impact of the infection would continue for approximately one year, followed by a recovery trend. - FY2021-Q3RestatedAnnual report
「Our group assumes that the spread of COVID-19 is an event with a broad impact on the economy, lifestyles and other areas, and that its impact will continue for approximately one year under current conditions. Based on this assumption, when recognizing deferred tax assets, we estimate future taxable income and assess their recoverability. There has been no significant change in the assumptions underlying these accounting estimates since the previous consolidated fiscal year.」
The assumption that the impact of COVID-19 would continue for approximately one year under current conditions, the assessment of deferred tax asset recoverability based on estimates of future taxable income, and the absence of any significant change in the assumptions since the previous consolidated fiscal year were reconfirmed. - FY2021-Q2RestatedAnnual report
「Our group assumes that the spread of COVID-19 is an event with a broad impact on the economy, lifestyles and other areas, and that its impact will continue for approximately one year under current conditions. Based on this assumption, when recognizing deferred tax assets, we estimate future taxable income and assess their recoverability. There has been no significant change in the assumptions underlying these accounting estimates since the previous consolidated fiscal year.」
The assumption that the impact of COVID-19 would continue for approximately one year under current conditions, the assessment of deferred tax asset recoverability based on estimates of future taxable income, and the absence of any significant change in the assumptions since the previous consolidated fiscal year were reconfirmed. - FY2021-Q1First statedAnnual report
「Our group assumes that the spread of COVID-19 is an event with a broad impact on the economy, lifestyles and other areas, and that its impact will continue for approximately one year under current conditions. Based on this assumption, when recognizing deferred tax assets, we estimate future taxable income and assess their recoverability.」
For the first time, the accounting treatment of estimating future taxable income and assessing the recoverability of deferred tax assets was recorded based on the assumption that the impact of COVID-19 would continue for approximately one year under current conditions.