Accounting Estimates Incorporating the Impact of COVID-19 and Assumptions Regarding the Timing of Recovery
First written in FY2020-Q3. 8 of 13 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023DroppedAnnual report
「The key assumption in the business plan based on future earnings power is the forecast of sales by business, taking into account the order backlog, customers’ capital investment plans, and other factors.」
The accounting assumptions regarding the timing of containment and recovery from COVID-19, which had been described through the previous quarter, are not specified in this filing. The assumptions underlying significant estimates are described as sales forecasts by business based on the order backlog, customers’ capital investment plans, and other factors. - FY2023-Q3RestatedAnnual report
「The company stated that there had been no material changes in the assumptions described in the annual securities report for the previous consolidated fiscal year under “Significant Accounting Estimates” regarding accounting estimates for the impact of the spread of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2023-Q2RestatedAnnual report
「The company stated that there had been no material changes in the assumptions described in the annual securities report for the previous consolidated fiscal year under “Significant Accounting Estimates” regarding accounting estimates for the impact of the spread of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2023-Q1RestatedAnnual report
「The company stated that there had been no material changes in the assumptions described in the annual securities report for the previous consolidated fiscal year under “Significant Accounting Estimates” regarding accounting estimates for the impact of the spread of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2022SoftenedAnnual report
「Although it is extremely difficult to forecast the impact on the group because there is no consensus regarding the future spread or containment timing of COVID-19, the company is estimating taxable income on the assumption that the near-term impact on performance will be limited, given that order conditions are currently firm both in Japan and overseas.」
While stating that the impact of COVID-19 is difficult to forecast, the company has adopted the accounting assumption that order conditions in Japan and overseas are firm and that the near-term impact on performance will be limited. - FY2022-Q3RestatedAnnual report
「The company stated that there had been no material changes in the assumptions described in the annual securities report for the previous consolidated fiscal year under “Significant Accounting Estimates” regarding accounting estimates for the impact of the spread of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2022-Q2RestatedAnnual report
「The company stated that there had been no material changes in the assumptions described in the annual securities report for the previous consolidated fiscal year under “Significant Accounting Estimates” regarding accounting estimates for the impact of the spread of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2022-Q1RestatedAnnual report
「The company stated that there had been no material changes in the assumptions described in the annual securities report for the previous consolidated fiscal year under “Significant Accounting Estimates” regarding accounting estimates for the impact of the spread of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2021-Q3WorsenedAnnual report
「The supplementary information in the annual securities report for the previous consolidated fiscal year, under “Accounting Estimates Regarding the Impact of COVID-19,” assumed that the spread of COVID-19 would be contained by the first quarter of the fiscal year ending September 2022. In the current quarter, however, the company reassessed the impact on the group’s performance in view of the continued spread of the disease and other factors, and assumes that performance will recover gradually from the fourth quarter of the fiscal year ending September 2022 with respect to the timing of containment of the spread of COVID-19.」
In response to the continued spread of COVID-19, the company pushed back the assumed timing of a gradual recovery in performance from the first quarter of the fiscal year ending September 2022 to the fourth quarter of the fiscal year ending September 2022. - FY2021-Q2RestatedAnnual report
「There have been no significant changes to the assumptions, including those concerning the future spread and timing of containment of COVID-19, described in the notes to the previous fiscal year's securities report under Additional Information (Accounting Estimates Related to the Impact of the Spread of COVID-19).」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2021-Q1RestatedAnnual report
「There have been no significant changes to the assumptions, including those concerning the future spread and timing of containment of COVID-19, described in the notes to the previous fiscal year's securities report under Additional Information (Accounting Estimates Related to the Impact of the Spread of COVID-19).」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions underlying its accounting estimates regarding the spread and containment timing of COVID-19. - FY2020WorsenedAnnual report
「The company expects these conditions to continue to a certain extent in the next fiscal year and assumes that, with respect to the timing of containment of the spread of COVID-19, performance will recover gradually from the first quarter of the fiscal year ending September 2022.」
The company changed the assumed timing of the start of a gradual recovery in performance from the fourth quarter of the fiscal year ending September 2021, as disclosed previously, to the first quarter of the fiscal year ending September 2022. - FY2020-Q3First statedAnnual report
「The global economy has been deteriorating as economic activity in many areas has been constrained by the spread of COVID-19. Although the performance of the group has not been materially affected during the cumulative nine-month period of the current consolidated fiscal year, it has been affected to a certain extent. The company expects these conditions to continue to a certain extent in the next fiscal year and assumes that, with respect to the timing of containment of the spread of COVID-19, performance will begin to recover gradually from the fourth quarter of the fiscal year ending September 2021.」
On the assumption that COVID-19 has affected performance to a certain extent, the company disclosed for the first time specific accounting estimates assuming that the impact would continue into the next fiscal year and that performance would recover gradually from the fourth quarter of the fiscal year ending September 2021. The same assumption was used in assessing the recoverability of deferred tax assets and the allowance for doubtful accounts.