Accounting Estimates, Including Fixed-Asset Impairment, Based on Assumptions Regarding the Impact of COVID-19
First written in FY2021-Q1. 1 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As the timing of COVID-19 containment cannot be forecast, taxable income for the next fiscal year cannot be reasonably estimated and the scheduling of temporary differences and other items for the next fiscal year is uncertain. Accordingly, no deferred tax assets have been recognized.」
Because of uncertainty over the timing of COVID-19 containment, the Company was unable to estimate taxable income and other items for the next fiscal year and therefore did not recognize deferred tax assets. - FY2021SoftenedAnnual report
「Although the timing of COVID-19 containment remains uncertain, the Company assumes that disruption in the tourism industry will begin to ease as the number of tourists recovers, including through the effects of vaccination, and that visitor numbers will gradually return to an appropriate level before the COVID-19 pandemic.」
The assumption changed from the previous quarter's view that “the impact would continue for the time being” to one that disruption would begin to ease as vaccination took effect and tourist numbers recovered, with visitor numbers gradually returning to pre-pandemic levels. The timing of containment remains uncertain. - FY2021-Q3WorsenedAnnual report
「Although it remains difficult to accurately predict the future spread and containment of COVID-19, the Company has made accounting estimates for the recoverability of deferred tax assets and impairment of fixed assets for the third quarter of the current fiscal year based on the assumption that the impact will continue for the time being.」
The assumption changed from the previous “gradual recovery from the second half onward” to one that the impact would continue for the time being, and this change was reflected in estimates of the recoverability of deferred tax assets and impairment of fixed assets. - FY2021-Q2RestatedAnnual report
「Although it remains difficult to forecast precise figures at present due to the spread of COVID-19, for the current consolidated fiscal year, the Company expects the impact of lower sales and other factors to continue through the first half, followed by a gradual recovery from the second half onward. The Group estimates impairment of fixed assets and other items based on the above assumptions.」
Impairment of fixed assets and other items is assessed based on the assumption that the impact on sales will continue through the first half and gradually recover from the second half onward. - FY2021-Q1First statedAnnual report
「Although it remains difficult to forecast precise figures at present due to the spread of COVID-19, for the current consolidated fiscal year, the Company expects the impact of lower sales and other factors to continue through the first half, followed by a gradual recovery from the second half onward. The Group estimates impairment of fixed assets and other items based on the above assumptions. However, due to future uncertainties, the amounts estimated as the best possible estimates may differ from the subsequent actual results.」
Impairment of fixed assets and other items is assessed based on the assumption that the impact on sales will continue through the first half and gradually recover from the second half onward. The disclosure also notes that future uncertainties may cause estimated amounts to differ from actual results.