Uncertainty in Accounting Estimates Regarding the Timing of Containment and Potential Resurgence of COVID-19
First written in FY2020-Q2. 2 of 7 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2022.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2022DroppedAnnual reportThe description presenting the timing of containment and the possibility of renewed spread of COVID-19 as an independent uncertainty in accounting estimates has not been repeated in this annual securities report.
- FY2021WorsenedAnnual report
「As it remains unclear how a renewed spread of COVID-19 or an escalation of the situation between Russia and Ukraine would affect the production activities of our customers and end users, we need to continue monitoring developments among customers and end users as a future risk.」
In addition to the risk of a renewed spread of COVID-19, the escalation of the situation between Russia and Ukraine was described as an uncertain factor that could affect the production activities of customers and end users. - FY2021-Q2RestatedAnnual report
「Although vaccination against COVID-19 has begun worldwide, it remains impossible to make a clear determination of when the pandemic will be contained or whether it may spread again due to the spread of variants and other factors, and objective information is limited.」
Even after vaccinations began, the timing of containment and the possibility of renewed spread remain impossible to determine due to variants and other factors. There has been no material change in the assumptions made in the previous consolidated fiscal year. - FY2021-Q1RestatedAnnual report
「Although vaccination against COVID-19 has begun worldwide, it remains impossible to make a clear determination of when the pandemic will be contained or whether it may spread again due to the spread of variants and other factors, and objective information is limited.」
Even after vaccinations began, the timing of containment and the possibility of renewed spread remain impossible to determine clearly due to variants and other factors. The impact during the current fiscal year has been estimated to be limited on the assumption that sales will continue to recover. - FY2020MitigatedAnnual report
「As sales conditions were recovering during the fourth quarter of the current consolidated fiscal year, our group prepared accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that this recovery would continue into the following consolidated fiscal year.」
Although the timing of containment of COVID-19 remains unclear, the assumptions underlying accounting estimates were updated to reflect continued recovery in the following fiscal year following the recovery in sales during the fourth quarter. - FY2020-Q3WorsenedAnnual report
「Regarding the impact of COVID-19, it is currently impossible to make a clear determination of when it will be contained or whether it may spread again, and objective information is limited. Demand in our group declined particularly in the second quarter, but accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, have been prepared on the assumption that demand will gradually recover from the fourth quarter onward.」
The situation in which the timing of containment and the possibility of renewed spread of COVID-19 cannot be determined continues, and the assumption of a recovery in demand has shifted to the fourth quarter onward. - FY2020-Q2First statedAnnual report
「Regarding the impact of COVID-19, it is currently impossible to make a clear determination of when it will be contained or whether it may spread again, and objective information is limited. Demand in our group declined particularly in the second quarter, but accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, have been prepared on the assumption that demand will gradually recover from the second half onward.」
Accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, have been prepared on the assumption that the timing of containment and the possibility of renewed spread of COVID-19 cannot be determined.