Accounting estimates based on assumptions regarding COVID-19
First written in FY2020. 8 of 14 entries say "Softened", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026SoftenedAnnual report
「The group expects the number of travelers in the overseas travel market to begin recovering gradually in fiscal 2026.」
The assumed gradual recovery in the overseas travel market has been set for fiscal 2026. The delay in the recovery timeline from the fiscal 2025 assumption of the previous fiscal year continues. - FY2025SoftenedAnnual report
「Our group expects the number of travelers in the overseas travel market to gradually recover in fiscal 2025.」
The assumed gradual recovery in the overseas travel market is set for fiscal 2025. The expected recovery timing has been pushed back from the previous fiscal 2024 assumption. - FY2024SoftenedAnnual report
「Our group expects the number of travelers in the overseas travel market to gradually recover in fiscal 2024.」
The assumed gradual recovery in the overseas travel market is now expected in fiscal 2024, later than the previous fiscal 2023 assumption. - FY2023-Q3SoftenedAnnual report
「With reference to the International Air Transport Association (IATA)'s forecast for the recovery in demand for air travel, our group expects the number of travelers to gradually recover in fiscal 2023.」
The assumed timing of a gradual recovery in the number of travelers was pushed back from the previous “autumn 2022 onward” to fiscal 2023. The recoverability of deferred tax assets and the determination of impairment losses have been estimated based on this assumption. - FY2023-Q1SoftenedAnnual report
「With reference to the International Air Transport Association (IATA)'s forecast for the recovery in demand for air travel, our group expects cross-border travel to gradually resume from autumn 2022 onward, leading to a gradual recovery in the number of travelers.」
The assumed timing of the recovery in travel demand has been pushed back from the previous “summer 2022 onward” to “autumn 2022 onward.” The recoverability of deferred tax assets and the determination of impairment losses have been estimated based on this assumption. - FY2022SoftenedAnnual report
「With reference to the International Air Transport Association (IATA)'s forecast for the recovery in demand for air travel, our group expects cross-border travel to gradually resume from summer 2022 onward, leading to a gradual recovery in the number of travelers.」
The assumed timing of the recovery in travel demand was pushed back from the previous “spring 2022 onward” to “summer 2022 onward.” The company has maintained its view that domestic travel demand will recover earlier than overseas travel demand. - FY2022-Q3Demand recovery timing specified as spring 2022 onwardAnnual report
「With reference to the International Air Transport Association (IATA)'s forecast for the recovery in demand for air travel, our group expects that, following the progress made in domestic vaccination coverage during 2021, cross-border travel will gradually resume from spring 2022 onward, leading to a gradual recovery in the number of travelers.」
The assumed timing of the recovery in travel demand has been specified as “spring 2022 onward,” compared with the previous “2022 onward.” The company has also maintained its view that domestic travel demand will recover earlier than overseas travel demand. - FY2022-Q2SoftenedAnnual report
「With reference to the International Air Transport Association (IATA)'s forecast for the recovery in demand for air travel, our group expects domestic vaccination coverage to advance during 2021 and cross-border travel to gradually resume from 2022 onward, leading to a gradual recovery in the number of travelers.」
The assumed timing of the recovery in travel demand has been pushed back from the previous “winter 2021 onward” to “2022 onward.” The company has maintained its view that domestic travel demand will recover earlier than overseas travel demand. - FY2022-Q1SoftenedAnnual report
「With reference to the International Air Transport Association (IATA)'s forecast for the recovery in demand for air travel, our group expects domestic vaccination coverage to advance during 2021 and cross-border travel to gradually resume from winter 2021 onward, leading to a gradual recovery in the number of travelers. We also believe that demand for domestic travel will recover earlier than demand for overseas travel.」
The assumed timing of demand recovery has been updated from the previously stated “autumn 2021 onward” to “winter 2021 onward.” The company expects domestic travel demand to recover earlier than overseas travel demand. - FY2021Demand recovery assumptions made more specificAnnual report
「We expect domestic vaccination coverage to advance during 2021 and cross-border travel to gradually resume from autumn 2021 onward, leading to a gradual recovery in the number of travelers.」
The company newly specified the timeline underlying its accounting estimates for the infectious disease, including vaccination during 2021, the resumption of cross-border travel from autumn 2021 onward, and a gradual recovery in the number of travelers. - FY2021-Q3RestatedAnnual report
「Accordingly, for matters including the recoverability of deferred tax assets and the determination of impairment losses, we have reflected our best estimates in the accounting treatment based on certain assumptions that the effects will continue from the following consolidated fiscal year onward.」
The company has continued its policy of determining the recoverability of deferred tax assets and impairment losses based on the assumption that the effects of COVID-19 will continue from the following consolidated fiscal year onward. - FY2021-Q2RestatedAnnual report
「Accordingly, for matters including the recoverability of deferred tax assets and the determination of impairment losses, we have reflected our best estimates in the accounting treatment based on certain assumptions that the effects will continue from the following consolidated fiscal year onward.」
Based on the difficulty of predicting the effects of the infectious disease and when it will subside, the company has continued its policy of making accounting estimates that incorporate the expected effects from the following consolidated fiscal year onward on the recoverability of deferred tax assets and the determination of impairment losses. - FY2021-Q1RestatedAnnual report
「There have been no material changes since the end of the previous consolidated fiscal year in the assumptions used for accounting estimates relating to the spread of COVID-19.」
The company stated that there had been no material changes since the end of the previous consolidated fiscal year in accounting estimates, including the recoverability of deferred tax assets and the determination of impairment losses, based on assumptions concerning the effects of the infectious disease. - FY2020First statedAnnual report
「Accordingly, for matters including the recoverability of deferred tax assets and the determination of impairment losses, we have reflected our best estimates in the accounting treatment based on certain assumptions that the effects will continue through the following consolidated fiscal year.」
Based on the premise that it is difficult to predict the effects of the infectious disease and when it will subside, the company stated for the first time its policy of determining the recoverability of deferred tax assets and impairment losses based on assumed effects extending through the following consolidated fiscal year.