Accounting Estimates Based on the Assumption of Prolonged Infectious-Disease Impacts
First written in FY2021-Q1. 2 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2025DroppedAnnual report
「With COVID-19 reclassified as a Category V infectious disease in 2023, restrictions on activities were lifted」
Regarding accounting estimates based on the prolonged impact of the pandemic, the current fiscal year does not state an assumption concerning the period over which the pandemic's impact will continue, as had been done previously. - FY2022-Q3RestatedAnnual report
「There were no material changes in the assumptions described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year regarding accounting estimates relating to the impact of the spread of COVID-19.」
The company reconfirmed that there had been no significant changes from the assumptions in the previous consolidated fiscal year regarding accounting estimates, including the recoverability of deferred tax assets and the valuation of fixed assets, based on the impact of the pandemic. - FY2021-Q3ReframedAnnual report
「There were no changes to the information concerning the kimono business from that described in the additional information in the first-quarter report. For the wedding business, however, the company prepared accounting estimates, including its assessment of the recoverability of deferred tax assets and the valuation of fixed assets, on the assumption that the business would recover throughout the fiscal year ending March 2022.」
For accounting estimates based on the impact of the pandemic, the company changed from the assumptions for the kimono business, which remained unchanged, to segment-specific assumptions under which the wedding business would recover throughout the fiscal year ending March 2022. It also reversed deferred tax assets and recognized ¥701.653 million in income taxes—deferred. - FY2021-Q2RestatedAnnual report
「During the 6-month period ended 30 September, there were no significant changes to the assumptions used in accounting estimates relating to the spread of COVID-19 from those described in the additional information in the first-quarter report.」
The company confirmed that there had been no significant changes since the first quarter to the accounting estimates based on the assumption that the impact of the pandemic would continue throughout at least the fiscal year ending March 2021. - FY2021-Q1First statedAnnual report
「Although the impact of the spread of COVID-19 had previously been assumed to continue through June 2020, the company prepared accounting estimates, including the recoverability of deferred tax assets and the valuation of fixed assets, on the assumption that the impact would continue for at least the entire fiscal year ending March 2021.」
The company disclosed for the first time its policy of reflecting the assumption that the impact of the pandemic would continue for at least the entire fiscal year ending March 2021 in accounting estimates, including the recoverability of deferred tax assets and the valuation of fixed assets.