Reflection of COVID-19 assumptions in accounting estimates
First written in FY2020. 10 of 11 entries say "Restated". Latest entry: FY2025-H1.
- FY2025-H1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
We have reconfirmed that there have been no significant changes from the previous fiscal year in the accounting estimates and assumptions used. - FY2024-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the accounting estimates and assumptions based on COVID-19. - FY2021-Q2RestatedAnnual report
「Amid uncertainty over when the COVID-19 pandemic would subside, the company estimated future taxable income when assessing the recoverability of deferred tax assets and future cash flows when testing fixed assets for impairment, based on currently available information and on the assumption that the decline in revenue caused by the pandemic would continue for a certain period during the current consolidated fiscal year. There were no material changes from the assumptions described in the additional information in the previous fiscal year's securities report.」
The company has maintained the assumption that the decline in revenue caused by the pandemic will continue for a certain period and has reflected it in assessing the recoverability of deferred tax assets and testing fixed assets for impairment. - FY2021-Q1RestatedAnnual report
「Amid uncertainty over when the COVID-19 pandemic would subside, the company estimated future taxable income when assessing the recoverability of deferred tax assets and future cash flows when testing fixed assets for impairment, based on currently available information and on the assumption that the decline in revenue caused by the pandemic would continue for a certain period during the current consolidated fiscal year. There were no material changes from the assumptions described in the additional information in the previous fiscal year's securities report.」
The company continues to assume that the decline in revenue caused by COVID-19 will continue for a certain period and to reflect this in assessing the recoverability of deferred tax assets and impairment testing, explaining that there have been no material changes from the previous year's assumptions. - FY2020First statedAnnual report
「The main reason for the material change in the valuation allowance deducted from deferred tax assets was that, because of the impact of COVID-19, taxable income was not expected to arise in the following period. Accordingly, deferred tax assets were reversed for temporary differences expected to reverse in the following period, including unpaid enterprise taxes, accrued bonuses and accrued retirement benefits.」
The company disclosed that, based on the assumption of COVID-19, it estimated future taxable income and future cash flows from fixed assets and actually reversed deferred tax assets.