Uncertainty in Accounting Estimates Due to COVID-19 and Other Factors
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026RestatedAnnual report
「These estimates and assumptions may be affected by changes resulting from uncertain future economic conditions, including trends in customers' capital investment. If revisions become necessary, they may have a material effect on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year and thereafter.」
The company continues to recognize that future economic conditions, including trends in customers' capital investment, may affect estimates of product warranty provisions, impairment of fixed assets and deferred tax assets, among others. - FY2024ReframedAnnual report
「These estimates and assumptions may be affected by changes resulting from uncertain future economic conditions, including trends in customers' capital investment. If revisions become necessary, they may have a material effect on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year and thereafter.」
Regarding uncertainty affecting accounting estimates, the wording has shifted from a direct reference to COVID-19 to wording focused on future economic conditions, including trends in customers' capital investment. - FY2022RestatedAnnual report
「However, these estimates and assumptions may be affected by changes resulting from uncertain future economic conditions, including the impact of the spread of COVID-19 on production activities and trends in customers' capital investment. If revisions become necessary, they may have a material effect on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year and thereafter.」
The company continues to recognize that future conditions, including COVID-19 and trends in customers' capital investment, may affect estimates of product warranty provisions, impairment of fixed assets and deferred tax assets, among others. - FY2021First statedAnnual report
「However, these estimates and assumptions may be affected by changes resulting from uncertain future economic conditions, including the impact of the spread of COVID-19 on production activities and trends in customers' capital investment. If revisions become necessary, they may have a material effect on the amounts recognized in the consolidated financial statements for the following consolidated fiscal year and thereafter.」
For the first time, the company has identified as a separate material topic that uncertain future economic conditions, including COVID-19 and trends in customers' capital investment, may affect the consolidated financial statements for the following fiscal year and thereafter through estimates of product warranty provisions, impairment of fixed assets and deferred tax assets, among others.