Uncertainty in Accounting Estimates Resulting from the Prolonged and Worsening COVID-19 Pandemic
First written in FY2021-Q1. 7 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026RestatedAnnual report
「Regarding the impact of increases in raw material, labor, resource and energy prices, tariffs and other costs, the Company expects to recover these costs from customers based on information available as of the end of the consolidated fiscal year, and has assumed that the impact will continue for a certain period from the following consolidated fiscal year onward.」
The Company has assumed that uncertainty in the accounting estimates will continue to include the impact of tariffs, in addition to raw material, labor and energy prices. - FY2025ReframedAnnual report
「Regarding the impact of rising raw material, labor and resource and energy prices, the Company expects to recover these costs from customers based on information available as of the end of the consolidated fiscal year, and has assumed that the impact will continue for a certain period from the following consolidated fiscal year onward.」
The main uncertainties in the accounting estimates have shifted from a focus on the pandemic to the impact on future cash flows from the U.S. business of rising raw material, labor and energy prices, changes in the economic environment and U.S. tariff policies, among other factors. - FY2023From a focus on the pandemic to supply constraints and the economic environmentAnnual report
「Regarding the prolonged impact of semiconductor supply shortages, significant increases in raw material prices, changes in the economic environment and other factors causing a decline in automobile production volumes, the Company has assumed, based on information available as of the end of the consolidated fiscal year, that the impact will continue for a certain period during the following consolidated fiscal year.」
The main assumptions in the significant accounting estimates have shifted from the prolonged pandemic to semiconductor shortages, raw material prices and declining automobile production, among other factors. - FY2023-Q1RestatedAnnual report
「Regarding the spread of COVID-19, there have been no material changes to the assumptions described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous consolidated fiscal year in the accounting estimates based on the assumption that the impact of COVID-19 will continue. - FY2022WorsenedAnnual report
「Regarding the decline in automobile production volumes due to the spread of COVID-19, the prolonged impact of semiconductor supply shortages, significant increases in raw material prices, changes in the economic environment and other factors, the Company has assumed, based on information available as of the end of the consolidated fiscal year, that the impact will continue for a certain period during the fiscal year ending March 2023.」
The assumed period of the pandemic's impact in the accounting estimates has been extended through the fiscal year ending March 2023, with semiconductor shortages, rising raw material prices and declining automobile production added to the assumptions. - FY2022-Q3RestatedAnnual report
「Regarding the spread of COVID-19, there have been no material changes to the assumptions described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous consolidated fiscal year in the accounting estimates based on the assumption that the impact of COVID-19 will continue. - FY2022-Q2RestatedAnnual report
「Regarding the spread of COVID-19, there have been no material changes to the assumptions described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous consolidated fiscal year in the accounting estimates based on the assumption that the impact of COVID-19 will continue. - FY2022-Q1RestatedAnnual report
「Regarding the spread of COVID-19, there have been no material changes to the assumptions described in the "Significant Accounting Estimates" section of the annual securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous consolidated fiscal year in the accounting estimates based on the assumption that the impact of COVID-19 will continue. - FY2021Extended the assumed period of impactAnnual report
「Regarding the decline in automobile production volumes due to the spread of COVID-19, the Company has assumed, based on information available as of the end of the fiscal year, that the impact will continue for a certain period during the fiscal year ending March 2022.」
The Company has assumed that the impact of COVID-19 will continue into the fiscal year ending March 2022, extending the uncertainty surrounding impairment of fixed assets and the recoverability of deferred tax assets into the following fiscal year. - FY2021-Q3RestatedAnnual report
「Based on information available during the first 9 months of the fiscal year, the Group made accounting estimates, including impairment testing of fixed assets and the recoverability of deferred tax assets, on the assumption that the impact of the spread of COVID-19 would continue for a certain period during the fiscal year ending March 2021.」
The Company continues to explain its estimates of impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of COVID-19 will continue for a certain period during the fiscal year ending March 2021. It also describes the high degree of uncertainty and the potential impact if the situation is prolonged or worsens. - FY2021-Q2RestatedAnnual report
「Based on information available during the first six months of the fiscal year, the Group made accounting estimates, including impairment testing of fixed assets and the recoverability of deferred tax assets, on the assumption that the impact of the spread of COVID-19 would continue for a certain period during the fiscal year ending March 2021.」
The Company continues to explain its accounting estimates, based on the assumption that the impact of COVID-19 will continue for a certain period during the fiscal year ending March 2021, and the related uncertainty. - FY2021-Q1First statedAnnual report
「Based on information available during the first quarter of the fiscal year, the Group made accounting estimates, including impairment testing of fixed assets and the recoverability of deferred tax assets, on the assumption that the impact of the spread of COVID-19 would continue for a certain period during the fiscal year ending March 2021. The assumptions used in these estimates involve a high degree of uncertainty, and if the impact of COVID-19 is prolonged or worsens, it could affect future operating results and financial position.」
The Company estimates impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of COVID-19 will continue for a certain period during the fiscal year ending March 2021. It has newly disclosed the high degree of uncertainty and the possibility of an impact on future operating results and financial position if the impact is prolonged or worsens.