Changes in accounting estimates and recognition of impairment losses based on a prolonged COVID-19 pandemic
First written in FY2021-Q3. 1 of 2 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2021: 4 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「There have been no material changes since the end of the previous consolidated fiscal year in the assumptions underlying the accounting estimates relating to the impact of the spread of COVID-19.」
The company states that there have been no material changes since the end of the previous consolidated fiscal year in its accounting estimates based on the prolonged impact of COVID-19. - FY2021-Q3First statedAnnual report
「During the third-quarter consolidated accounting period, in light of the prolonged impact of COVID-19, the company revised its assumption to reflect that the impact would continue for a certain period from the following consolidated fiscal year onward and made its accounting estimates accordingly. As a result, it recognized an impairment loss of ¥5,637.055 million on a portion of its property, plant and equipment.」
The company revised its estimates for impairment accounting on property, plant and equipment and other items based on the prolonged impact of COVID-19, recognizing an impairment loss of ¥5,637.055 million.