Changes in Accounting Estimates Reflecting the Prolonged Impact of COVID-19
First written in FY2021-Q2. 6 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The Company assumes that conditions will gradually recover toward the pre-pandemic economic environment as restrictions on activities are removed, and is using this assumption to assess the recoverability of deferred tax assets and whether impairment losses on fixed assets need to be recognized.」
The Company continues to use accounting estimates based on the assumption that activity restrictions will be removed and conditions will recover gradually. - FY2023-Q3RestatedAnnual report
「However, as the number of infections in Japan began increasing again and the timing of the pandemic’s containment could not be clearly projected, the Company assumed that the impact of COVID-19 would continue for a certain period despite improving conditions, and used this assumption to assess the recoverability of deferred tax assets and whether impairment losses on fixed assets needed to be recognized.」
The Company has maintained the accounting assumption that the impact of the pandemic will continue and is using it to assess the recoverability of deferred tax assets and whether impairment losses on fixed assets need to be recognized. - FY2023-Q2RestatedAnnual report
「However, as the number of infections in Japan began increasing again and the timing of the pandemic’s containment could not be clearly projected, the Company assumed that the impact of COVID-19 would continue for a certain period despite improving conditions, and used this assumption to assess the recoverability of deferred tax assets and whether impairment losses on fixed assets needed to be recognized.」
The Company has maintained the accounting assumption that the impact of the pandemic will continue and is using it to assess the recoverability of deferred tax assets and whether impairment losses need to be recognized. - FY2022RestatedAnnual report
「Although the impact of COVID-19 is expected to continue, sales are projected to recover to a level that would not result in a substantial decline in revenue from intermittent states of emergency, shortened operating hours associated with the application of priority preventive measures, or fewer customers due to requests to refrain from going out. Sales are also expected to increase through expanded product offerings outside eat-in service and price revisions.」
Assuming that the impact of COVID-19 will continue, the Company continues to use sales recovery, expansion of prepared-food offerings, price revisions and expense reductions through more efficient promotions as its key accounting-estimate assumptions. - FY2022-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated fiscal year to the assumptions concerning the impact of COVID-19 on the Group.」
The Company has reconfirmed that there were no material changes to the accounting assumption that the impact of the pandemic would continue during the current consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「There were no material changes during the third quarter of the current consolidated fiscal year to the assumptions concerning the impact of COVID-19 on the Group.」
The Company states that there were no material changes in the third quarter to the accounting assumption, revised in the second quarter, that the impact of the pandemic would continue for a certain period after the end of the current consolidated fiscal year. - FY2021-Q2First statedAnnual report
「Because the timing of the pandemic’s containment cannot be clearly projected, the Company has revised the assumption stated in the securities report for the previous consolidated fiscal year that the impact of the pandemic would recover by around December 2020. It now assumes that, although conditions will improve, they will continue for a certain period after the end of the current consolidated fiscal year, and is using this assumption to assess the recoverability of deferred tax assets and whether impairment losses on fixed assets need to be recognized.」
The previous assumption that the impact of COVID-19 would recover by around December 2020 has been revised. Based on the assumption that the impact will continue for a certain period after the end of the current consolidated fiscal year, the Company is assessing the recoverability of deferred tax assets and whether impairment losses on fixed assets need to be recognized.