Introduction of Notes on Accounting Estimates
First written in FY2021. 2 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026ReframedAnnual report
「In valuing inventories, we assess any decline in profitability based on net realizable value.」
The focus of significant accounting estimates has expanded from impairment of fixed assets and deferred tax assets to inventory valuation, with the holding period, demand, order status and net realizable value disclosed as major assumptions. - FY2025ReframedAnnual report
「In valuing inventories, we assess any decline in profitability based on net realizable value.」
For significant accounting estimates, in addition to the impairment of fixed assets and deferred tax assets disclosed previously, we disclose the valuation of inventories based on their holding period, demand and order status as a major area of estimation. - FY2024RestatedAnnual report
「Future sales are calculated based on forecasts of future orders founded on past performance, industry trends and other factors.」
We continue to provide disclosures relating to accounting estimates, identifying the impact of component shortages on sales as a factor indicating impairment and future sales and order forecasts as major assumptions. - FY2023RestatedAnnual report
「During the current consolidated fiscal year, certain asset groups related to the Industrial Business recorded an operating loss, mainly because the prolonged difficulty in procuring components affected production processes and because of rapid changes toward electrification in testing equipment for automotive development, and we identified indications of impairment.」
We continue to provide disclosures relating to accounting estimates, identifying difficulty in procuring components and automotive electrification as major uncertainties in future cash flows. - FY2022AdvancedAnnual report
「During the current consolidated fiscal year, certain assets or asset groups related to the Industrial Business recorded an operating loss, mainly because sales opportunities were postponed due to the impact of COVID-19 and for other reasons, and we identified indications of impairment.」
We continue to provide disclosures relating to accounting estimates, including specific assets, assumptions and uncertainties in future cash flows concerning impairment of fixed assets. We also recognized an impairment loss of ¥2,256 million on assets related to the Industrial Business. - FY2021First statedAnnual report
「The Company applied the Accounting Standard for Disclosure of Accounting Estimates to the consolidated financial statements for the fiscal year-end and included notes on significant accounting estimates in the consolidated financial statements.」
From the end of the current consolidated fiscal year, we have applied disclosures relating to accounting estimates and disclosed impairment of fixed assets and the recoverability of deferred tax assets as significant estimates.