Uncertainty in Accounting Estimates Due to the Prolonged COVID-19 Pandemic
First written in FY2021-Q2. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023DroppedAnnual report
「The significant accounting estimates and assumptions used in preparing the financial statements are described in "Part V. Financial Information, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes to the Consolidated Financial Statements (Significant Accounting Estimates)."」
The accounting assumptions, including those concerning the timing of containment of COVID-19, which had been explicitly stated through the previous fiscal year, could not be confirmed in the significant accounting estimates for the current fiscal year. - FY2023-Q2RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions described in the previous consolidated fiscal year's annual securities report, including those concerning the timing of containment of COVID-19.」
The Company stated that there had been no material change from the previous consolidated fiscal year in the assumptions used in accounting estimates, including those concerning the timing of containment of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions described in the previous consolidated fiscal year's annual securities report, including those concerning the timing of containment of COVID-19.」
The Company stated that there had been no material change from the previous consolidated fiscal year in the assumptions used in accounting estimates, including those concerning the timing of containment of COVID-19. - FY2022RestatedAnnual report
「We assume that the impact of COVID-19 on revenue will subside from the next consolidated fiscal year onward, but that conditions will not return to those prevailing before the spread of the disease and a certain level of impact will continue.」
We maintain the accounting assumption that the effects of the infectious disease are moving toward containment but will not fully dissipate, and that a certain level of impact will continue. - FY2022-Q1RestatedAnnual report
「There have been no material changes from the previous fiscal year in the assumptions described in the previous fiscal year's annual securities report, including those concerning the timing of containment of COVID-19.」
The Company stated that there had been no material change from the previous fiscal year in its accounting estimates based on the assumption that COVID-19 would persist. - FY2021-Q2First statedAnnual report
「Regarding the assumptions and accounting estimates described in the previous fiscal year's annual securities report and the current fiscal year's first-quarter report under Additional Information, including assumptions concerning the future spread and timing of containment of COVID-19, we have changed our accounting estimates for impairment judgments on fixed assets and the recoverability of deferred tax assets based on currently available information. We now assume that the effects of COVID-19 will persist for an extended period, that the situation will subside from the next fiscal year onward due to the development of treatments and vaccines, but that the virus cannot be completely eradicated, meaning that conditions will not return to those prevailing before the spread of the disease and some effects will continue. However, because the impact of the unprecedented spread of COVID-19 involves uncertainties, if the situation persists or worsens, it may affect accounting estimates.」
We changed our accounting estimates to assume that the effects of the infectious disease would persist and conditions would not fully return to normal, and newly disclosed the resulting uncertainty affecting impairment judgments on fixed assets and the recoverability of deferred tax assets.