Estimate of deferred tax asset recoverability based on the impact of COVID-19
First written in FY2021-Q3. 2 of 3 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「Although we assume that the impact of COVID-19 will continue into the next consolidated fiscal year and beyond, making it difficult to accurately predict when the pandemic will subside, we expect to increase our sales share in the pachinko machine business by making maximum use of the brand strength enhanced by the operating performance of products launched in recent years, and by launching multiple machines featuring new intellectual properties that we expect to develop into core product series, in addition to established core titles.」
While assuming that the impact of COVID-19 will continue into the next consolidated fiscal year and beyond, the company expects to increase its sales share by launching multiple machines based on core titles and new intellectual properties. - FY2021RestatedAnnual report
「Although closures of pachinko parlors and reductions in the number of installed machines are also expected, we assume that demand will recover toward the end of fiscal 2021 as vaccinations progress and customers return to parlors, restoring utilization.」
Based on the assumption that pachinko parlor demand will recover toward the end of fiscal 2021 in light of the impact of COVID-19, the recoverability of deferred tax assets of ¥5,551 million is being estimated. - FY2021-Q3First statedAnnual report
「Following the reissuance of the state of emergency declaration on 7 January 2021 due to the spread of COVID-19, demand at pachinko parlors, the Group's main customers, has shown some delay in recovery. However, the recoverability of deferred tax assets was estimated on the assumption that demand would recover toward the end of fiscal 2021.」
Assuming that the delayed recovery in pachinko parlor demand caused by COVID-19 will recover toward the end of fiscal 2021, the recoverability of deferred tax assets is being estimated.