Accounting Estimates Based on Assumptions Regarding the Impact of COVID-19
First written in FY2020-Q3. 5 of 9 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023DroppedAnnual reportThe current annual securities report contains no separate disclosure regarding accounting estimates based on assumptions about COVID-19, which had been included through the previous fiscal year.
- FY2022MitigatedAnnual report
「Except for certain affiliated companies, the Group formulated its plans based on the assumption that the impact of COVID-19 would be minor in the fiscal year ending November 2022 and would not be material in the fiscal year ending November 2023.」
The accounting assumptions were updated to reflect that the impact of the pandemic would be minor in the fiscal year ending November 2022 and not material in the fiscal year ending November 2023. - FY2022-Q3RestatedAnnual 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 was reconfirmed that there had been no material changes to the assumptions regarding when the pandemic would subside or to the related accounting estimates. - FY2022-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 was reconfirmed that there had been no material changes to the assumptions regarding when the pandemic would subside or to the related accounting estimates. - FY2021MitigatedAnnual report
「Except for certain affiliated companies, the Group formulated its plans based on the assumption that the impact of COVID-19, including the resulting decline in sales, had largely recovered by the end of November 2021 and would not have a material impact in the fiscal year ending November 2022.」
The accounting assumption was changed to reflect that the decline in sales and other effects of the pandemic had largely recovered, except at certain affiliated companies, although uncertainty remained following the change in assumption. - FY2021-Q3RestatedAnnual 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 was reconfirmed that there had been no material changes to the assumptions regarding when the pandemic would subside or to the related accounting estimates. - 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 was reconfirmed that there were no material changes to the assumptions regarding the timing of the end of COVID-19 or to the related 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 was reconfirmed that there were no material changes to the assumptions regarding the timing of the end of COVID-19 or to the related accounting estimates. - FY2020-Q3First statedAnnual report
「Although it remains difficult to foresee when the COVID-19 pandemic will subside, we conducted accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that its impact would continue for a certain period during the fiscal year ending November 2021. As a result, we determined that the impact on estimates for the third quarter of the current consolidated fiscal year was not material. However, because the impact of COVID-19 is highly uncertain, changes in the above assumption could affect the Group's future financial position and operating results.」
Impairment of fixed assets and the recoverability of deferred tax assets were estimated based on the assumption that the impact of the pandemic would continue for a certain period during the fiscal year ending November 2021. The document also states that changes in the assumption could affect future performance.