Uncertainty in Accounting Estimates Due to COVID-19 and Other Factors
First written in FY2020. 9 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe current fiscal year's significant accounting estimates do not include a statement based on assumptions concerning the timing of the containment of COVID-19 and other factors; instead, the disclosure has shifted to a general explanation of uncertainty concerning impairment of fixed assets and other matters.
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company determined that there had been no material change in the existing key risk that uncertainty in the economic environment, including COVID-19, may affect accounting estimates. - FY2023RestatedAnnual report
「The amounts of property, plant and equipment and intangible assets in the consolidated financial statements for the following consolidated fiscal year may be materially affected by changes in uncertain future economic conditions and other factors if plans and other matters need to be reviewed as a result.」
The company continues to explain that uncertainty in the economic environment, including COVID-19, may affect accounting estimates such as deferred tax assets and impairment of fixed assets. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the timing of the containment of COVID-19 and other factors. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the timing of the containment of COVID-19 and other factors. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the timing of the containment of COVID-19 and other factors. - FY2022WorsenedAnnual report
「Accounting estimates are made based on information available when the consolidated financial statements are prepared. However, the Group assumes that the impact of COVID-19 will continue roughly through fiscal 2022. This assumption is highly uncertain, and depending on the economic impact and the status of the spread of infections, it may materially affect the consolidated financial statements for the following consolidated fiscal year and thereafter.」
The assumed period of the continuing impact of COVID-19 was extended from through 2021 to through fiscal 2022, further lengthening the period over which uncertainty in accounting estimates was assumed. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the timing of the containment of COVID-19 and other factors. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the timing of the containment of COVID-19 and other factors. - FY2021-Q3WorsenedAnnual report
「At the end of the second quarter consolidated accounting period, the Group had assumed that “the impact of COVID-19 will continue roughly through 2020.” In light of the subsequent infection situation, it changed the assumption to “the impact of COVID-19 will continue roughly through 2021” and has made accounting estimates, including assessments of the recoverability of deferred tax assets and impairment of fixed assets.」
The assumption was changed from the impact of the infection continuing through 2020 to continuing through 2021, extending the period over which uncertainty in accounting estimates was assumed. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the course of the spread of COVID-19, the timing of its containment and other factors. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions described in the “Additional Information” section of the previous consolidated fiscal year's securities report, including assumptions regarding the future spread and eventual containment of COVID-19.」
The company determined that there had been no material change from the previous fiscal year in the assumptions underlying accounting estimates concerning the course of the spread of COVID-19, the timing of its containment and other factors. - FY2020First statedAnnual report
「The significant accounting policies adopted in the Group's consolidated financial statements are described in “V. Accounting Status, 1. (1) Consolidated Financial Statements, Notes, Significant Matters That Form the Basis for Preparing Consolidated Financial Statements.” Estimates made in preparing the consolidated financial statements that affect the reported amounts of assets and liabilities at the end of the consolidated fiscal year and the reported amounts of revenue and expenses for the consolidated fiscal year are continually reviewed, but may differ from actual results because of the uncertainty inherent in estimates. There are also factors, including the impact of COVID-19, whose high degree of uncertainty makes it difficult to reflect them in projected future amounts; however, the Group conducts reviews and other procedures based on information available at the end of the consolidated fiscal year.」
The company explicitly set out for the first time the possibility that accounting estimates, including deferred tax assets and impairment of fixed assets, may differ from actual results due to COVID-19 and other factors.