Accounting Estimates Based on COVID-19 Assumptions
First written in FY2021-Q2. 1 of 4 entries say "Softened", first in FY2021-Q3. Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024DroppedAnnual reportThis filing contains no specific disclosure concerning accounting estimates based on assumptions regarding when the infectious disease would subside.
- FY2021Specification of assumptions underlying accounting estimatesAnnual report
「Although it is difficult to accurately estimate when the COVID-19 pandemic will subside, the Group made estimates based on the assumption that it would subside in one year. The resulting impact was immaterial, and no additional inventory valuation loss was recognized.」
The Group valued inventories on the assumption that the infectious disease would subside in one year, disclosing that the impact was immaterial and that no additional inventory valuation loss was recognized. - FY2021-Q3SoftenedAnnual report
「Although demand was expected to continue declining during the current consolidated fiscal year, the Group prepared its accounting estimates on the assumption that demand would gradually recover from the end of the current consolidated fiscal year through the following consolidated fiscal year as infectious diseases subsided in each region and economic activity resumed.」
The assumption regarding demand recovery has been extended from recovery by the end of the current consolidated fiscal year to gradual recovery through the following consolidated fiscal year. - FY2021-Q2First statedAnnual report
「Although demand continued to decline during the current consolidated fiscal year, the Group prepared its accounting estimates on the assumption that demand would gradually recover toward the end of the current consolidated fiscal year as infectious diseases subsided in each region and economic activity resumed.」
While demand continued to decline due to COVID-19, the Group made accounting estimates, including the recoverability of deferred tax assets, based on the assumption that demand would gradually recover toward the end of the fiscal year.