Maintaining Accounting Estimate Assumptions Concerning COVID-19
First written in FY2021-Q1. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Deferred tax assets are recognized for the Company and each consolidated subsidiary using the statutory effective tax rate after considering future taxable income and tax planning. Estimates of taxable income are based on actual results and the medium-term management plan, including the following fiscal year. For overseas consolidated subsidiaries, geopolitical factors and performance trends in previous fiscal years are also taken into account, and no deferred tax assets were recognized for the current fiscal year.」
The Group specifically disclosed its decision not to recognize deferred tax assets for the current fiscal year, taking geopolitical factors and prior-year performance at overseas subsidiaries into account in its accounting estimates. - FY2024AdvancedAnnual report
「Deferred tax assets are recognized for the Company and each consolidated subsidiary using the statutory effective tax rate after considering future taxable income and tax planning. Estimates of taxable income are based on actual results and the medium-term management plan, including the following fiscal year. For overseas consolidated subsidiaries, geopolitical factors and performance trends in previous fiscal years are also taken into account, and no deferred tax assets were recognized for the current fiscal year.」
The Group specifically disclosed the evaluation of deferred tax assets, taking geopolitical factors and performance trends at overseas subsidiaries into account, following its disclosure of estimates after COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes in the assumptions regarding the impact of COVID-19 described in the “Significant Accounting Estimates” section of the previous fiscal year’s securities report.」
The company states that there have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described under "Significant Accounting Estimates" in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described under "Significant Accounting Estimates" in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2021RestatedAnnual report
「Although the infection situation differs by segment, we assume that it will take more than 2 years for COVID-19 to be brought under control to some extent and for the global economy to fully recover, and that difficult conditions will continue in domestic and overseas capital investment despite a recovery trend.」
The assumptions regarding the containment of the infection and recovery in capital investment used in accounting estimates continue to assume that more than 2 years will be required. - FY2021-Q2Downward revision to accounting estimate assumptionsAnnual report
「At the end of the previous fiscal year, we expected a certain recovery in orders and revenue as economic activity resumed in the second half of the current fiscal year. However, the containment of COVID-19 has taken longer than initially anticipated, while manufacturers involved in plastic molding have taken a cautious approach to capital investment, resulting in a gradual recovery in investment appetite. The Group is making accounting estimates based on these assumptions, but there is no impact on the consolidated financial statements for the current quarter.」
The assumptions used in accounting estimates reflect slower containment of the infection and a slower recovery in capital investment than had been expected at the end of the previous fiscal year, but there is no impact on the quarterly consolidated financial statements. - FY2021-Q1First statedAnnual report
「There have been no material changes to the assumptions used in accounting estimates related to COVID-19, as described in the "Additional Information" section of the securities report for the previous fiscal year.」
The Group continues to use the accounting estimate assumptions related to COVID-19 adopted in the previous fiscal year and states that there have been no material changes.