Accounting Estimates, Including Impairment, Based on the Assumption That COVID-19 Will Subside and Conditions Will Return to Normal
First written in FY2021-Q1. 7 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026DroppedAnnual report
「(Impairment of fixed assets)」
There is no longer any description of accounting estimates based on the containment and normalization of COVID-19; the description now focuses on estimates relating to impairment of fixed assets and business plans. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of COVID-19 containment, described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in its accounting estimates for impairment of fixed assets, deferred tax assets and other items based on assumptions including the timing of COVID-19 containment. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of COVID-19 containment, described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous consolidated fiscal year in its accounting estimates based on assumptions including the timing of COVID-19 containment. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of COVID-19 containment, described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous consolidated fiscal year in its accounting estimates based on assumptions including the timing of COVID-19 containment. - FY2022ReframedAnnual report
「For the current consolidated fiscal year, while monitoring the external environment and economic trends and taking into account the impact of COVID-19 on business performance, we have performed accounting procedures based on the assumption that the impact will continue for a certain period from the following consolidated fiscal year onward, although conditions will gradually recover. These procedures include estimating impairment of fixed assets and assessing the recoverability of deferred tax assets.」
The wording regarding accounting estimates for the pandemic's impact has changed from the previous description, which assumed that the impact would continue through the end of the current fiscal year, to an assumption that it would continue for a certain period from the following consolidated fiscal year onward but gradually recover. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of COVID-19 containment, described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous consolidated fiscal year in its accounting estimates based on assumptions including the timing of COVID-19 containment. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of COVID-19 containment, described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous consolidated fiscal year in its accounting estimates based on assumptions including the timing of the pandemic's containment. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of COVID-19 containment, described in the additional information section of the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous consolidated fiscal year in its accounting estimates based on assumptions including the timing of COVID-19 containment. - FY2021Further extension of the period underlying the accounting estimatesAnnual report
「Assuming that the impact of COVID-19 will continue at least through the end of fiscal 2021, we have made accounting estimates relating to impairment of fixed assets and the recoverability of deferred tax assets.」
The assumed duration of the pandemic's impact in the accounting estimates was extended from at least through the fiscal year ending January 2021 to at least through the end of fiscal 2021. - FY2021-Q3Extension of the period underlying the accounting estimatesAnnual report
「Regarding the impact of COVID-19, we had previously assumed that conditions would gradually normalize toward the end of 2020. However, as the timing of containment remains uncertain, we have changed our assumption to one that the impact will continue at least through the fiscal year ending January 2021, and have made accounting estimates, including impairment of fixed assets.」
The assumption regarding the timing of normalization of the pandemic's impact was changed from normalization by the end of 2020 to the assumption that the impact would continue at least through the fiscal year ending January 2021. - FY2021-Q2RestatedAnnual report
「We expect COVID-19 to continue affecting the operating activities of the industry in which our group operates. However, we have made accounting estimates, including impairment of fixed assets, on the assumption that conditions will gradually normalize toward the end of 2020 and will broadly return to pre-pandemic levels from 2021.」
The company continues to disclose its assumption that conditions will normalize toward the end of 2020 and broadly recover from 2021 in making accounting estimates, including impairment of fixed assets. - FY2021-Q1First statedAnnual report
「We expect COVID-19 to continue affecting the operating activities of the industry in which our group operates. However, we have made accounting estimates, including impairment of fixed assets, on the assumption that conditions will gradually normalize toward the end of 2020 and will broadly return to pre-pandemic levels from 2021.」
For accounting estimates, including impairment of fixed assets, the company disclosed for the first time its assumption of gradual normalization toward the end of 2020 and a broad recovery to pre-pandemic conditions from 2021.