Accounting Estimates Based on Assumed Demand Recovery in the Second Half of the Next Fiscal Year
First written in FY2020-Q3. 3 of 9 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「The estimates necessary to prepare these financial statements were made on a reasonable basis.」
The specific accounting estimates previously described, based on the impact of COVID-19 and demand recovery in the following fiscal year, are not included in this filing. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the COVID-19 pandemic described in the “Significant Accounting Estimates” section of the annual securities report for the previous fiscal year.」
The company reconfirmed that there were no material changes to the assumptions used in the accounting estimates concerning the impact of the pandemic. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the COVID-19 pandemic described in the “Significant Accounting Estimates” section of the annual securities report for the previous fiscal year.」
The company reconfirmed that there were no material changes to the assumptions used in the accounting estimates, including the timing of recovery from the impact of the pandemic. - FY2021Recovery assumptions pushed back furtherAnnual report
「In preparing the financial statements for the fiscal year, the company assumed that the impact of COVID-19 would gradually recover from the first quarter of the fiscal year ending July 2022, and prepared accounting estimates including impairment of fixed assets and tax-effect accounting.」
The timing of recovery from the impact of the pandemic was pushed back further, from the fourth quarter of the fiscal year ending July 2021 onward to the first quarter of the fiscal year ending July 2022 onward. - FY2021-Q3Recovery assumptions pushed back furtherAnnual report
「The assumptions used in the accounting estimates concerning the impact of the COVID-19 pandemic, described in the “Additional Information” section of the annual securities report for the previous fiscal year, have been changed as follows in light of recent circumstances since January 2021, including extensions by the national and local governments of requests to refrain from going out and to shorten business hours. In preparing the financial statements for the fiscal year, the company assumed that the impact of COVID-19 would gradually recover from the fourth quarter of the fiscal year ending July 2021, and prepared accounting estimates including impairment of fixed assets and tax-effect accounting.」
The accounting assumption concerning the timing of recovery from the impact of the pandemic was changed from the third quarter onward to the fourth quarter onward, pushing back the recovery assumption further. - FY2021-Q2Recovery assumptions pushed backAnnual report
「The assumptions used in the accounting estimates concerning the impact of the COVID-19 pandemic, described in the “Additional Information” section of the annual securities report for the previous fiscal year, have been changed as follows in light of recent circumstances, including the state of emergency declared in January 2021. In preparing the financial statements for the fiscal year, the company assumed that the impact of COVID-19 would gradually recover from the third quarter of the fiscal year ending July 2021, and prepared accounting estimates including impairment of fixed assets and tax-effect accounting.」
In light of the state of emergency and other developments, the accounting assumption concerning the timing of recovery from the impact of the pandemic was changed to assume a gradual recovery from the third quarter of the fiscal year ending July 2021. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions used in the accounting estimates concerning the impact of the COVID-19 pandemic, as described in the “Additional Information” section of the annual securities report for the previous fiscal year.」
The company reconfirmed that there were no material changes to the assumptions used in the accounting estimates concerning the impact of the pandemic. - FY2020More specific recovery assumptionsAnnual report
「In preparing the financial statements for the fiscal year, the company assumed that the impact of COVID-19 would be substantial in the first half of the fiscal year ending July 2021, but would gradually recover from the second half through the fiscal year-end, and prepared accounting estimates including impairment of fixed assets and tax-effect accounting.」
The previous assumption that demand would recover to pre-pandemic levels in the second half of the following fiscal year was made more specific: the impact would be substantial in the first half of the fiscal year ending July 2021, followed by a gradual recovery from the second half through the fiscal year-end. - FY2020-Q3First statedAnnual report
「In these circumstances, accounting estimates for the nine months ended the third quarter were prepared on the assumption that demand would continue to recover gradually and return to pre-pandemic levels in the second half of the following fiscal year. The timing of the end of the COVID-19 pandemic remains uncertain, and if its effects persist and the above assumption is no longer expected to hold, losses may arise in the future.」
The accounting estimates assume that demand will recover to pre-pandemic levels in the second half of the following fiscal year, while also stating that the timing of the end of the pandemic is uncertain and that losses could arise if the assumption fails to hold.