Estimates of fixed-asset impairment based on assumptions about the impact of the infectious disease
First written in FY2021-Q1. 8 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We assume that some asset groups will turn profitable at the operating level. Accordingly, we prepare budgets based on performance improvement measures that take past results and the factors behind cost increases into account, and determine whether there are indications of impairment due to declining profitability.」
In estimating impairment of fixed assets, the company continues to assume that some asset groups will turn profitable at the operating level while taking cost increases into account. - FY2024Update based on post-pandemic assumptionsAnnual report
「In the current fiscal year, the Company assumed that the impact of COVID-19 would diminish, prepared a budget based on post-pandemic assumptions, and assessed whether there were indications of impairment due to declining profitability.」
For estimates of impairment of fixed assets, the Company has updated its assumptions to reflect a reduced impact of the infectious disease and a post-pandemic budget, while also stating that impairment may be recognized if actual results deviate materially from those assumptions. - FY2023RestatedAnnual report
「The Company recorded an operating loss in the current fiscal year due to the impact of the seventh and eighth waves of COVID-19 and other factors, but assumes that the impact of COVID-19 will diminish and that it will return to operating profitability in the following fiscal year.」
For estimates of impairment of fixed assets, the Company assumes that the impact of the infectious disease will diminish and that it will return to operating profitability in the following fiscal year. - FY2023-Q1RestatedAnnual report
「Although the recovery in customer visits has been slower than initially expected due to the impact of COVID-19, the Company assumes that visits will gradually recover thereafter. There have been no material changes from the previous fiscal year in the assumptions underlying the accounting estimates.」
For accounting estimates relating to impairment of fixed assets and other items, the Company continues to assume that customer visits will gradually recover and that there have been no material changes from the previous fiscal year. - FY2022More specific recovery assumptionsAnnual report
「The Company assumes that the impact of COVID-19 will diminish in the following consolidated fiscal year and that some asset groups will return to operating profitability.」
For estimates of impairment of fixed assets, the Company explicitly assumes that the impact of the infectious disease will diminish in the following consolidated fiscal year and that some asset groups will return to profitability. - FY2022-Q2RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the impact of the spread of COVID-19 or in the assumptions underlying the accounting estimates.」
The Company continues to state that there have been no material changes from the previous consolidated fiscal year in the accounting estimates for impairment of fixed assets and other items, taking the impact of the infectious disease into account. - FY2022-Q1RestatedAnnual report
「Although the recovery in customer visits has been slower than initially expected due to the spread of COVID-19, the Company assumes that visits will gradually recover thereafter. There have been no material changes from the previous consolidated fiscal year in the assumptions underlying the accounting estimates.」
The Company continues to assume that customer visits will gradually recover and that there have been no material changes in the assumptions underlying the accounting estimates. - FY2021RestatedAnnual report
「The Company assumes that consumer sentiment, including customers' visits to its stores, will gradually recover from the second half of the following consolidated fiscal year toward June 2022, depending on progress in COVID-19 vaccinations.」
The Company uses, in its accounting estimates, the assumption that the impact of the infectious disease will gradually subside and recover from the second half of the following consolidated fiscal year toward June 2022. - FY2021-Q3RestatedAnnual report
「Although the recovery in customer visits has been slower than initially expected due to the spread of COVID-19, the Company assumes that visits will gradually recover thereafter. There have been no material changes from the previous consolidated fiscal year in the assumptions underlying the accounting estimates.」
The Company continues to assume that customer visits will gradually recover and that there have been no material changes in the assumptions underlying the accounting estimates from the previous consolidated fiscal year. - FY2021-Q2RestatedAnnual report
「Although the recovery in customer visits has been slower than initially expected due to the spread of COVID-19, the Company assumes that visits will gradually recover thereafter. There have been no material changes from the previous consolidated fiscal year in the assumptions underlying the accounting estimates.」
The Company continues to assume that customer visits will gradually recover and that there have been no material changes in the assumptions underlying the accounting estimates from the previous consolidated fiscal year. - FY2021-Q1First statedAnnual report
「Although the recovery in customer visits has been slower than initially expected due to the spread of COVID-19, the Company assumes that visits will gradually recover thereafter. There have been no material changes from the previous consolidated fiscal year in the assumptions underlying the accounting estimates.」
For estimates relating to impairment accounting for fixed assets, the Company assumes that customer visits will gradually recover and discloses that there have been no material changes in the assumptions from the previous consolidated fiscal year.