Accounting estimates based on COVID-19 assumptions: first-half impact and second-half recovery
First written in FY2021-Q1. 4 of 6 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「There are no material changes to the assumptions, including those concerning the impact of COVID-19 on the business and the timing of its resolution, described in the previous fiscal year's annual securities report under “5. Accounting Status, 1. Consolidated Financial Statements, etc., Notes (Additional Information) (Accounting Estimates Concerning the Impact of the Spread of COVID-19).”」
The company confirms that there are no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 on the business and the timing of its resolution. - FY2023-Q2RestatedAnnual report
「There are no material changes to the assumptions, including those concerning the impact of COVID-19 on the business and the timing of its resolution, described in the previous fiscal year's annual securities report under “5. Accounting Status, 1. Consolidated Financial Statements, etc., Notes (Additional Information) (Accounting Estimates Concerning the Impact of the Spread of COVID-19).”」
The company confirms that there are no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 on the business and the timing of its resolution. - FY2023-Q1RestatedAnnual report
「There are no material changes to the assumptions, including those concerning the impact of COVID-19 on the business and the timing of its resolution, described in the annual securities report for the previous fiscal year…」
The company confirms that there are no material changes to the assumptions used in accounting estimates concerning the impact of COVID-19 on the business and the timing of its resolution. - FY2022-Q1SoftenedAnnual report
「The impact of the group's business activities during the previous consolidated fiscal year was limited. Accordingly, in making estimates, including its assessment of the recoverability of deferred tax assets for the current consolidated fiscal year, the group assumes that the impact of COVID-19 is immaterial.」
The explanation has changed from the previous assumption of lower sales in the first half and recovery in the second half to an explanation that the impact on business activities in the previous fiscal year was limited and that the accounting impact in the current fiscal year is also assumed to be immaterial. However, the potential impact if the situation becomes prolonged or more serious continues to be described. - FY2021-Q2RestatedAnnual report
「For the current consolidated fiscal year, sales and other factors were affected in the first half, but the company expects a gradual recovery from the second half onward.」
The company continues to make accounting estimates based on the assumption of lower sales in the first half and a gradual recovery from the second half onward due to COVID-19. - FY2021-Q1First statedAnnual report
「Although it remains difficult to forecast precise figures due to the spread of COVID-19, the company expects sales declines and other effects to continue through the first half of the current consolidated fiscal year, followed by a gradual recovery from the second half onward. The group has made estimates, including its impairment assessment of fixed assets and assessment of the recoverability of deferred tax assets, based on these assumptions.」
The company uses the assumption that sales and other factors will be affected through the first half and gradually recover from the second half onward in assessing impairment of fixed assets and the recoverability of deferred tax assets.