Accounting Estimates Based on Assumptions About the Resolution of COVID-19
First written in FY2021-Q1. 5 of 12 entries say "Reframed", first in FY2021-Q2. Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe filing no longer includes the description, presented through the previous fiscal year, of accounting estimates based on assumptions concerning the containment or continuation of COVID-19.
- FY2023ReframedAnnual report
「Assuming that, after the end of the current consolidated fiscal year, the Japanese economy will gradually recover from the effects of the infection, the Group has made accounting estimates based on information available at the time the consolidated financial statements were prepared.」
The time horizon has changed from the wording used through the previous quarter, which assumed that the effects of the infection would continue through the end of the current consolidated fiscal year, to an assumption that the Japanese economy will gradually recover after the end of that fiscal year. - FY2023-Q3RestatedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the quarterly consolidated financial statements were prepared, it has made accounting estimates assuming that the effects of the infection will continue through the end of the current consolidated fiscal year.」
The Group continues to make accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on the assumption that the effects of the infection will continue through the end of the current consolidated fiscal year. - FY2023-Q2RestatedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the quarterly consolidated financial statements were prepared, it has made accounting estimates assuming that the effects of the infection will continue through the end of the current consolidated fiscal year.」
The Group continues to make accounting estimates, including impairment and the recoverability of deferred tax assets, based on the assumption that the effects of the infection will continue through the end of the current consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the quarterly consolidated financial statements were prepared, it has made accounting estimates assuming that the effects of the infection will continue through the end of the current consolidated fiscal year.」
The Group continues to make accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on the assumption that the effects of the infection will continue through the end of the current consolidated fiscal year. - FY2022ReframedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the consolidated financial statements were prepared, it has made accounting estimates assuming that, after the end of the current consolidated fiscal year, the Japanese economy will gradually recover from the effects of the infection.」
The time horizon for the estimates has changed from the previous quarter’s assumption that the effects would continue through the end of the current consolidated fiscal year to an assumption that the Japanese economy will gradually recover after the end of that fiscal year. - FY2022-Q3RestatedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the quarterly consolidated financial statements were prepared, it has made accounting estimates assuming that the effects of the infection will continue through the end of the current consolidated fiscal year.」
The Group continues to make accounting estimates, including impairment and the recoverability of deferred tax assets, based on the assumption that the effects of the infection will continue through the end of the current consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the quarterly consolidated financial statements were prepared, it has made accounting estimates assuming that the effects of the infection will continue through the end of the current consolidated fiscal year.」
The Group continues to make accounting estimates, including impairment and the recoverability of deferred tax assets, based on the assumption that the effects of the infection will continue through the end of the current consolidated fiscal year. - FY2022-Q1ReframedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the quarterly consolidated financial statements were prepared, it has made accounting estimates assuming that the effects of the infection will continue through the end of the current consolidated fiscal year.」
The wording concerning the effects of the infection has changed from an assumption based on the timing of containment and recovery to an assumption that the effects will continue through the end of the current consolidated fiscal year. - FY2021ReframedAnnual report
「Regarding accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group states that it is difficult to predict the future spread of COVID-19 and the timing of its containment. However, based on available information at the time the consolidated financial statements were prepared, it has made accounting estimates assuming that, after the end of the current consolidated fiscal year, the Japanese economy will gradually recover from the effects of the infection.」
The wording has changed from the previous assumption that the infection would be contained from the third quarter onward to an assumption that the Japanese economy will gradually recover after the end of the current consolidated fiscal year, while explicitly stating that the timing of containment is difficult to predict. - FY2021-Q2ReframedAnnual report
「Assuming that the impact of the infection will subside from the third quarter onward and that the Japanese economy will then gradually recover, the Group is making accounting estimates based on information available when preparing the quarterly consolidated financial statements.」
The wording has changed from the previous quarter’s assumption that the situation would “converge in the second half of the current fiscal year” to an assumption of a gradual recovery in the Japanese economy from the third quarter onward, while explicitly stating that the spread of the infection and the timing of its containment are difficult to predict. - FY2021-Q1First statedAnnual report
「For accounting estimates concerning impairment accounting for fixed assets and the recoverability of deferred tax assets, among other matters, the Group is making estimates based on information available when preparing the quarterly consolidated financial statements, assuming that the spread of COVID-19 will subside in the second half of the current consolidated fiscal year and that the Japanese economy will then gradually recover.」
For impairment accounting for fixed assets and the recoverability of deferred tax assets, the Group is making accounting estimates based on the assumption that the infection will subside in the second half of the current consolidated fiscal year and that the economy will then gradually recover. The filing also describes the possibility that prolonged spread of the infection could affect the financial position and operating results, given the high uncertainty of the assumption.