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Gyet (7603) · PolicyRestated

Recovery assumptions for fixed asset impairment estimates in light of COVID-19

First written in FY2021-Q1. 3 of 6 entries say "Softened", first in FY2021-Q2. Latest entry: FY2023-Q2.

6entries
3years
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How it moved
ProgressHeldSoftenedWorseSoftenedFY2021-Q2 – FY2022-Q2RestatedFY2022-Q3 – FY2023-Q22020: 220202021: 220212022: 22022
Same theme, other companies
Accounting estimates affected by COVID-19A theme 65 companies write about · 52 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.

33 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 65 companies compared. The sentences above are computed from all 65.
Full recordFilings, disclosures and news, newest first
  1. FY2023-Q2RestatedAnnual report

    「There have been no material changes to the assumptions used in the accounting estimates concerning the impact of the spread of COVID-19 described in the additional information section of the annual securities report for the previous fiscal year.」

    The Company stated that there had been no material changes to the assumptions used in accounting estimates, including impairment of fixed assets, in light of the impact of the pandemic.
  2. FY2022-Q3RestatedAnnual report

    「The Company made accounting estimates for the third quarter accounting period, including the application of impairment accounting for fixed assets, on the assumption that the outlook for the impact of the spread of COVID-19 would remain uncertain even at the end of the fiscal year.」

    The Company continues to make estimates, including for impairment accounting for fixed assets, on the assumption that the outlook for the impact of the pandemic will remain uncertain even at the end of the fiscal year.
  3. FY2022-Q2SoftenedAnnual report

    「The impact of the spread of COVID-19 is expected to require a considerable amount of time before economic activity returns to normal. Based on information available at present, the Company made accounting estimates for the second quarter accounting period, including the application of impairment accounting for fixed assets, on the assumption that the outlook for the impact of the spread of COVID-19 would remain uncertain even at the end of the fiscal year.」

    The Company made accounting estimates on the assumption that it would take a considerable amount of time for economic activity to return to normal and that the outlook for the impact of the pandemic would remain uncertain even at the end of the fiscal year.
  4. FY2021-Q3SoftenedAnnual report

    「The impact of COVID-19 is expected to require a considerable amount of time before economic activity recovers. Based on information available at present, the Company made accounting estimates for the third quarter accounting period, including the application of impairment accounting for fixed assets, on the assumption that the impact of COVID-19 would gradually diminish after the end of the fiscal year. However, the timing of the end of the COVID-19 pandemic remains uncertain, and the Company's financial position, operating results and cash flows may be affected going forward.」

    The Company stated that economic activity would take a considerable amount of time to recover and presented accounting estimates based on the assumption that the period during which the impact of the pandemic would diminish would begin after the end of the fiscal year. The timing of the end of the pandemic remains uncertain.
  5. FY2021-Q2SoftenedAnnual report

    「The impact of COVID-19 is expected to require a considerable amount of time before economic activity recovers. Based on information available at present, the Company made accounting estimates for the second quarter accounting period, including the application of impairment accounting for fixed assets, on the assumption that the impact of COVID-19 would gradually diminish toward the end of the fiscal year.」

    The assumption changed from recovery from the second quarter onward in the previous quarter to estimates based on a longer recovery period, assuming that economic activity would take a considerable amount of time to recover and that the impact would gradually diminish toward the end of the fiscal year.
  6. FY2021-Q1First statedAnnual report

    「Accordingly, in making accounting estimates, including determining whether impairment losses on fixed assets should be recognized, the Company assumed, based on information available as of the end of the first quarter accounting period, that business performance would recover from the second quarter onward.」

    In light of the impact of COVID-19, the Company described for the first time that it had assumed business performance would recover from the second quarter onward when making accounting estimates, including whether fixed assets were impaired.
Moved together

"Boosting Same-Store Sales" moved the same way as this thread, in the same document, in 3 of its 6 moves.

33★12
  1. ★This thread
  2. 1Boosting Same-Store Sales3×
  3. 2Decline in Sales, Store Closures and Production Delays Caused by COVID-193×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Recovery assumptions for fixed asset impairment estimates in light of COVID-19 | Gyet Co.,Ltd. (7603) | Komori