Estimation risk related to the recoverability of the allowance for doubtful accounts and deferred tax assets
First written in FY2017. 8 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 20 of 61 companies on the "Worse" side.
72 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded.」
The accounting estimate risk concerning the recoverability of the allowance for doubtful accounts and deferred tax assets continues to be described. - FY2023RestatedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded. This could affect profit or loss.」
The accounting estimate risk concerning the recoverability of the allowance for doubtful accounts and deferred tax assets continues to be described. - FY2022RestatedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded. This could affect profit or loss.」
The accounting estimate risk concerning the recoverability of the allowance for doubtful accounts and deferred tax assets continues to be described. - FY2021RestatedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded. This could affect profit or loss.」
The accounting estimate risk concerning the recoverability of the allowance for doubtful accounts and deferred tax assets continues to be described. Risk relating to inventory write-downs has been added as a separate topic. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
It is stated that there have been no material changes from the previous consolidated fiscal year in the assumptions, including those concerning when the impact of COVID-19 will subside, or in the accounting estimates. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」
It is stated that there have been no material changes from the previous consolidated fiscal year in the assumptions, including those concerning when the impact of COVID-19 will subside, or in the accounting estimates. - FY2020WorsenedAnnual report
「As demand in the global construction equipment industry remains sluggish amid the spread of COVID-19, demand has declined further. Based on external information and other factors, we have assumed that this situation will continue through the following consolidated fiscal year and have made accounting estimates concerning the recoverability of deferred tax assets and other items.」
The decline in construction equipment demand has newly been identified in specific terms as an uncertain factor affecting accounting estimates, including the recoverability of deferred tax assets. - FY2019RestatedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded. This could affect profit or loss.」
The accounting estimate risk concerning the recoverability of the allowance for doubtful accounts and deferred tax assets is described in the same manner as in the previous year. - FY2018RestatedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded. This could affect profit or loss.」
The accounting estimate risk concerning the recoverability of the allowance for doubtful accounts and deferred tax assets is described in the same manner as in the previous year. - FY2017First statedAnnual report
「If the financial condition of a counterparty deteriorates and its ability to pay declines, increasing the allowance could adversely affect profit or loss. If it is determined that deferred tax assets are unlikely to be recovered, the amount expected to be unrecoverable is estimated and a valuation allowance is recorded. This could affect profit or loss.」
The potential for changes in counterparties’ financial condition and future earnings capacity to affect profit or loss is described as an accounting estimate risk relating to the allowance for doubtful accounts and deferred tax assets.