Risk of deferred tax asset reversals and impairment due to prolonged COVID-19 impact
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2022RestatedAnnual report
「If the impact of COVID-19 on society and the economy continues for an extended period, impairment losses may arise.」
It continues to identify the possibility of impairment of fixed assets and write-offs of deferred tax assets due to prolonged COVID-19 effects. - FY2022-Q3RestatedAnnual report
「Based on a comprehensive consideration of these circumstances, we have determined that no material changes are necessary to the assumptions and accounting estimates concerning the impact of the spread of COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous fiscal year.」
Although uncertainty about the outlook increased due to the sixth wave of infections and the application of priority preventive measures to prevent the spread of disease, it has determined that no changes are necessary to the accounting assumptions and estimates concerning the effects of COVID-19 established in the previous fiscal year. - FY2021First statedAnnual report
「If the impact of COVID-19 on society and the economy continues for an extended period, deferred tax assets may be written off and impairment losses and other charges may arise.」
It assesses the recoverability of deferred tax assets and other items on the assumption that the effects of COVID-19 will be prolonged, and describes the possibility of write-offs and impairment losses if the effects persist.