Uncertainty in estimates for inventories, allowance for doubtful accounts and deferred tax assets
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
Miyairi Valve Mfg. moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The business plans for the following fiscal year and beyond are calculated based on certain assumptions regarding the business environment, including the impact of key material prices.」
The assumptions underlying accounting estimates have been reorganized from the previous description, which explicitly addressed the impact of COVID-19, to focus on the impact of the business environment, including key material prices. - FY2022RestatedAnnual report
「The business plans for the next fiscal year and beyond have been calculated based on certain assumptions regarding the operating environment, including the prices of key materials and the impact of the spread of COVID-19.」
The company continues to disclose that the prices of key materials and the impact of COVID-19 are used as assumptions in accounting estimates, and that changes in these assumptions could affect deferred tax assets and other items. - FY2021RestatedAnnual report
「The business plans for the next fiscal year and beyond have been calculated based on certain assumptions regarding the operating environment, including the prices of key materials and the impact of the spread of COVID-19.」
The notes on accounting estimates were newly expanded, stating that assumptions incorporate the prices of key materials and the impact of COVID-19, and that changes in actual results could affect deferred tax assets and the valuation of inventories. - FY2018RestatedAnnual report
「If demand or market conditions deteriorate in the future, additional write-downs may become necessary.」
The company continues to indicate uncertainty in estimates for inventories, the allowance for doubtful accounts, deferred tax assets and other items. - FY2017RestatedAnnual report
「If demand or market conditions deteriorate in the future, additional write-downs may become necessary.」
The company continues to indicate uncertainty in estimates concerning demand, recoverability and other factors for inventories, the allowance for doubtful accounts and deferred tax assets. - FY2016First statedAnnual report
「However, these estimates, judgments and assumptions involve uncertainty and may differ from actual results.」
Uncertainty in accounting estimates based on demand and market conditions, the collectibility of receivables and future recoverability.