Accounting Estimates Incorporating the Impact of COVID-19
First written in FY2020. 7 of 11 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024DroppedAnnual reportIn this filing, no explicit description was found, as in previous filings, of accounting estimates based on the assumption that the impact of the infectious disease would continue for a certain period.
- FY2023-Q3RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes from the previous fiscal year in the accounting estimates reflecting the impact of the infectious disease. - FY2023-Q2RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes from the previous fiscal year in the accounting estimates reflecting the impact of the infectious disease. - FY2023-Q1RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes from the previous fiscal year in the accounting estimates reflecting the impact of the infectious disease. - FY2022ReframedAnnual report
「Although it is difficult to make a reasonable forecast of the scale or timing of the containment of the COVID-19 pandemic, the Group has assumed, based on available information, that its impact on performance in the next consolidated fiscal year will be limited.」
The accounting estimates concerning the impact of the infectious disease have been revised from the previous year's explanation, which reflected a prolonged recovery and the recognition of impairment losses, to an assumption that the impact on the next consolidated fiscal year will be limited. - FY2022-Q3RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes from the previous fiscal year in the accounting estimates reflecting the impact of the infectious disease. - FY2022-Q2RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes from the previous fiscal year in the accounting estimates reflecting the impact of the infectious disease. - FY2022-Q1RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes from the previous fiscal year in the accounting estimates reflecting the impact of the infectious disease. - FY2021-Q3ReframedAnnual report
「For the bridal business in the previous consolidated fiscal year, the company assumed that the impact of COVID-19 on operating activities would continue for approximately 6 months. However, the business environment has remained uncertain, owing to the recent resurgence of COVID-19 and the reissuance of states of emergency in Tokyo, Kanagawa, Aichi and Osaka prefectures. Amid these conditions, the dates of weddings that had already been booked were repeatedly rescheduled, and the number of weddings held during the three months ended the third quarter of the current consolidated fiscal year declined significantly from the same period of the previous year. At the end of the three months ended the third quarter of the current consolidated fiscal year, the company reconsidered the future impact of the infectious disease based on available information and other factors. Although the number of bookings and weddings held in the bridal business was recovering, the pace of recovery was slower than anticipated. The company therefore changed its assumption to one that a full-scale recovery would not occur until the next consolidated fiscal year, and used this assumption to assess the recoverability of deferred tax assets and determine whether impairment losses needed to be recognized. As a result, the company recognized an impairment loss of ¥1,339.593 million on equipment at certain stores of 株式会社アルカンシエル.」
The assumption concerning the duration of the infectious disease's impact was changed from approximately 6 months to the assumption that a full-scale recovery would not occur until the next consolidated fiscal year. This change was reflected in the assessment of deferred tax asset recoverability and impairment, resulting in the recognition of an impairment loss. - FY2021-Q2RestatedAnnual report
「There were no material changes in the accounting estimates concerning the impact of COVID-19 described in the annual securities report for the previous consolidated fiscal year.」
The company reconfirms that there were no material changes to the previous year's accounting estimates, which assumed that the impact of the infectious disease would continue for approximately 6 months. - FY2020First statedAnnual report
「Although the contraction of these business activities will affect the Group's future performance, we have made accounting estimates, including the recoverability of deferred tax assets and impairment accounting for fixed assets, on the assumption that the impact will continue for approximately 6 months.」
The company assumed that the contraction of bridal business operations would continue for approximately 6 months and reflected this in estimates of deferred tax asset recoverability and impairment accounting.