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Sanoh Industrial (6584) · InitiativeRestated

Adoption of the Accounting Standard for Disclosure of Accounting Estimates

First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2023-Q2.

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ProgressHeldSoftenedWorseRestatedFY2021 – FY2023-Q22021: 120212022: 32022
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  1. FY2023-Q2RestatedAnnual report

    「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」

    It was stated that there had been no significant changes from the previous fiscal year in the assumptions concerning the timing of the containment of the infectious disease and in the accounting estimates.
  2. FY2023-Q1RestatedAnnual report

    「There have been no material changes to the assumptions and accounting estimates described in the annual securities report for the previous consolidated fiscal year, including assumptions concerning when the effects of COVID-19 will subside.」

    The Company stated that there had been no significant changes from the previous fiscal year in the assumptions concerning the timing of the containment of the infectious disease and in the accounting estimates.
  3. FY2022RestatedAnnual report

    「With regard to the impact of COVID-19 on judgments concerning the recoverability of deferred tax assets and the recognition of impairment losses, the Company made accounting estimates on the assumption that the impact going forward would be limited, in light of operating conditions during the consolidated fiscal year under review and recent sales activity.」

    The Company continued to disclose significant accounting estimates and explained the assumptions and uncertainties relating to deferred tax assets, impairment, provisions for product warranties and litigation matters.
  4. FY2021First statedAnnual report

    「The Company adopted the Accounting Standard for Disclosure of Accounting Estimates (ASBJ Statement No. 31, 31 March 2020) in the consolidated financial statements for the year-end of the current consolidated fiscal year, and included notes concerning significant accounting estimates.」

    From the end of the fiscal year, the Company applied disclosures on accounting estimates and disclosed significant estimates relating to deferred tax assets, impairment of fixed assets, provision for product warranties and litigation matters.
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Adoption of the Accounting Standard for Disclosure of Accounting Estimates | Sanoh Industrial Co.,Ltd. (6584) | Komori