Uncertainty in Accounting Estimates Due to the Prolonged COVID-19 Pandemic
First written in FY2021-Q2. 3 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2025DroppedAnnual reportThe notes to the consolidated financial statements for the current fiscal year contain no identified discussion of accounting estimates based on the assumption that the COVID-19 pandemic will be prolonged.
- FY2022-Q3RestatedAnnual report
「There were no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the notes under “Additional Information” in the annual securities report for the previous fiscal year.」
The company is reconfirming that there are no material changes to the accounting assumptions and estimates concerning the impact of the pandemic. - FY2022-Q2RestatedAnnual report
「There were no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the notes under “Additional Information” in the annual securities report for the previous fiscal year.」
Reconfirmed that there were no material changes to the accounting assumptions and estimates concerning the impact of the pandemic. - FY2022-Q1RestatedAnnual report
「There were no material changes to the assumptions and accounting estimates concerning the impact of COVID-19 described in the notes under “Additional Information” in the annual securities report for the previous fiscal year.」
The company reconfirmed that there were no material changes to the accounting estimates, including the assumption that the impact of the pandemic would continue from the following fiscal year onward. - FY2021-Q3WorsenedAnnual report
「The spread of COVID-19 has affected our business activities, but it is extremely difficult to predict how the situation will develop or when it will subside. Accordingly, we had assumed that the impact would continue for a certain period during the fiscal year ending February 2021, but changed the assumption to one that the impact would continue for a certain period from the following fiscal year onward, and have made accounting estimates, including assessments of the recoverability of deferred tax assets and whether impairment losses should be recognized. However, this assumption may become even more uncertain, and if the resolution of the situation is delayed and its impact on the economy and other areas is prolonged, losses may arise in the future.」
The accounting assumption that the impact of the pandemic would continue was extended from a certain period during the fiscal year ending February 2021 to a certain period from the following fiscal year onward. - FY2021-Q2First statedAnnual report
「The spread of COVID-19 has affected our business activities, but it is extremely difficult to predict how the situation will develop or when it will subside. Accordingly, we have made accounting estimates, including assessments of the recoverability of deferred tax assets and whether impairment losses should be recognized, based on the assumption that the impact will continue for a certain period during the fiscal year ending February 2021. However, this assumption may become even more uncertain, and if the resolution of the situation is delayed and its impact on the economy and other areas is prolonged, losses may arise in the future.」
The company newly disclosed the possibility of future losses arising through accounting estimates, including assessments of the recoverability of deferred tax assets and whether impairment losses should be recognized, if the impact of COVID-19 is prolonged.