Accounting estimates based on the assumption of a prolonged COVID-19 pandemic
First written in FY2021-Q1. 8 of 12 entries say "Restated". Latest entry: FY2024.
- FY2024DroppedAnnual report
「Recoverability of Deferred Tax Assets」
The accounting estimates based on the assumption that COVID-19 would be prolonged, which had been described previously, are not presented as a separate item under the significant accounting estimates in this filing. - FY2024-Q1RestatedAnnual report
「There has been no material change in the assumptions, including the timing of containment of COVID-19, described in the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there has been no material change from the previous year in the assumptions, including the timing of containment of COVID-19, and the accounting estimates based on them. - FY2023-Q3RestatedAnnual report
「There has been no material change in the assumptions, including the timing of containment of COVID-19, described in the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there has been no material change from the previous year in the assumptions, including the timing of containment of COVID-19. - FY2023-Q2RestatedAnnual report
「There has been no material change in the assumptions, including the timing of containment of COVID-19, described in the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there has been no material change from the previous year in the assumptions, including the timing of containment of COVID-19, and the accounting estimates based on them. - FY2023-Q1RestatedAnnual report
「There has been no material change in the assumptions, including the timing of containment of COVID-19, described in the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there has been no material change from the previous year in the assumptions, including the timing of containment of COVID-19, and the accounting estimates based on them. - FY2022-Q3RestatedAnnual report
「There has been no material change in the assumptions and accounting estimates, including the timing of containment of COVID-19, described under “Significant Accounting Estimates” in the securities report for the previous fiscal year. As it is difficult to predict the timing of containment, the company has assumed that a certain level of impact will remain beyond the current nine-month period and has made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on information available at this time.」
The company states that there has been no material change from the previous year in its estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that a certain level of impact from the pandemic will remain. - FY2022-Q2RestatedAnnual report
「Although COVID-19 is showing signs of containment, it has not been completely brought under control. The company has therefore made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that a certain level of impact may continue beyond the current second nine-month period. There has been no material change in the assumptions, including the timing of containment of COVID-19, described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous year in its accounting estimates based on the assumption that the impact of the pandemic may continue at a certain level or above. - FY2022-Q1RestatedAnnual report
「The automotive industry in which the Group operates was affected by the spread of COVID-19, but as demand at automakers recovered, the Group also gradually recovered both in Japan and overseas. However, containment of COVID-19 is not yet in sight, and returning to the pre-pandemic business environment is taking time. In addition, given the potential impact of the semiconductor shortage, the Group has made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that a certain level of impact may continue beyond the current first nine-month period. There has been no material change in the assumptions, including the timing of containment of COVID-19, described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous year in its estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of COVID-19 may continue at a certain level or above. - FY2021SoftenedAnnual report
「No consensus view has been published regarding the timing of containment and related matters, and the impact may continue for a certain period beyond the current consolidated fiscal year. However, the company has assumed that conditions will gradually recover going forward.」
The company has assumed that conditions will gradually recover going forward while acknowledging that the impact of the pandemic may continue for a certain period. This represents a shift from the previous quarter's statement that a certain level of impact would continue to one that incorporates a recovery. - FY2021-Q3RestatedAnnual report
「As returning to the pre-pandemic business environment is taking time, the company has made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that a certain level of impact may continue during the fiscal year ending March 2021.」
As in the previous quarter, the company has made accounting estimates on the assumption that a certain level of impact may continue during the fiscal year ending March 2021. - FY2021-Q2SoftenedAnnual report
「In the automotive industry in which the Group operates, the spread of COVID-19 led to operating adjustments from April, but as demand at automakers recovered, the Group also returned to normal operations from October. Although the outlook for containment of COVID-19 remains uncertain, demand in Japan and overseas is trending toward recovery compared with the outlook as of August. However, as returning to the pre-pandemic business environment is taking time, the Group has made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that a certain level of impact may continue during the fiscal year ending March 2021.」
The assumption has been updated from the previous quarter's view that the business environment would remain challenging throughout the fiscal year ending March 2021 to an assumption that a certain level of impact may continue, taking the recovery in demand into account. - FY2021-Q1First statedAnnual report
「For the fiscal year ending March 2021, the company made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, on the assumption that the business environment would remain challenging throughout the year.」
The company indicates that it makes accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of the pandemic would continue throughout the fiscal year ending March 2021.