Continuation of Accounting Assumptions Regarding the Impact of COVID-19
First written in FY2021-Q1. 6 of 8 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Unadjusted future cash flows are estimated based on a five-year business plan. For the sixth year onward, growth rates are taken into account together with uncertainty, with the sales plan for the fifth year used as the upper limit.」
Regarding accounting estimates for impairment of fixed assets, the company reconfirmed the risk of fluctuations in production volumes for vehicle models for which orders have been received, based on the five-year business plan and the assumption of a medium- to long-term recovery. - FY2023-Q3RestatedAnnual report
「There were no material changes to the accounting estimates and assumptions established based on the outlook at the end of the previous consolidated fiscal year. However, if the impact lasts longer or expands beyond expectations, it could affect material accounting estimates and judgments, including assessments of the recoverability of fixed assets and deferred tax assets.」
While stating that there were no material changes to the accounting estimates and assumptions related to COVID-19, the company reconfirmed the possibility of accounting impacts if the effects last longer or expand. - FY2023-Q2RestatedAnnual report
「There were no material changes to the accounting estimates and assumptions established based on the outlook at the end of the previous consolidated fiscal year. However, if the impact lasts longer or expands beyond expectations, it could affect material accounting estimates and judgments, including assessments of the recoverability of fixed assets and deferred tax assets.」
While stating that there were no material changes to the accounting estimates and assumptions related to COVID-19, the company reconfirmed the possibility of accounting impacts if the effects last longer or expand. - FY2023-Q1RestatedAnnual report
「There were no material changes to the accounting estimates and assumptions established based on the outlook at the end of the previous consolidated fiscal year. However, if the impact lasts longer or expands beyond expectations, it could affect material accounting estimates and judgments, including assessments of the recoverability of fixed assets and deferred tax assets.」
While stating that there were no material changes to the accounting estimates and assumptions related to COVID-19, the company reconfirmed the possibility of accounting impacts if the effects last longer or expand. - FY2022-Q2RestatedAnnual report
「The company believes that this assumption represents its best estimate as of the end of the second-quarter consolidated fiscal year, but if the impact lasts longer or expands beyond expectations, it could affect material accounting estimates and judgments, including assessments of the recoverability of fixed assets and deferred tax assets.」
While maintaining the accounting assumption that economic activity will recover over the medium to long term, the company reconfirmed the possibility that a longer-than-expected or greater-than-expected impact from COVID-19 could affect impairment and deferred tax assets. - FY2022-Q1Estimates based on a medium- to long-term recovery and explicit long-term riskAnnual report
「Although it remains difficult to accurately predict how COVID-19 will spread in the future or when it will subside during the cumulative first-quarter consolidated period, the company assumes that the current stagnation in domestic and overseas economic activity will recover over the medium to long term when performing accounting procedures requiring estimates of future cash flows and future taxable income, including the assessment of impairment of fixed assets and the recoverability of deferred tax assets.」
While maintaining the assumption that domestic and overseas economic activity will recover over the medium to long term, the company explicitly stated that if the impact of COVID-19 lasts longer or expands beyond expectations, it could affect impairment assessments and the recoverability of deferred tax assets. - FY2021-Q2RestatedAnnual report
「There were no material changes to the assumptions and accounting estimates described in the annual securities report for the previous fiscal year, including assumptions concerning when the impact of COVID-19 would subside.」
It was reconfirmed that there were no material changes to the assumptions regarding the timing of the end of COVID-19 or to the related accounting estimates. - FY2021-Q1First statedAnnual report
「There were no material changes to the assumptions and accounting estimates described in the annual securities report for the previous fiscal year, including assumptions concerning when the impact of COVID-19 would subside.」
It was noted that there were no material changes to the assumptions regarding the timing of the end of COVID-19 and the related accounting estimates from the previous fiscal year.