Accounting Estimates Reflecting the Impact of COVID-19
First written in FY2021-Q1. 8 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026ReframedAnnual report
「In the office supplies and other business during the current consolidated fiscal year, there were indications of impairment. However, no impairment loss was recognized because the total undiscounted future cash flows exceeded the carrying amount.」
The description has shifted from the previous explanation centered on the assumption that COVID-19 would subside to identifying impairment indicators in the office supplies and other business and future cash flows based on the sales plan as the primary estimation issues. - FY2025ReframedAnnual report
「Future cash flows are calculated based on information available to the group and its business plans as of the end of the current consolidated fiscal year, with net sales based on the sales plan serving as the primary assumption.」
The description has shifted from the previous accounting estimates centered on the containment or prolongation of COVID-19 to a more general explanation in which net sales based on the sales plan are the primary assumption. - FY2023ReframedAnnual report
「Although it is difficult to predict when the impact of COVID-19 will subside, the company has made accounting estimates based on the assumption that economic activity will gradually recover from the next consolidated fiscal year onward as restrictions related to COVID-19 countermeasures are eased.」
The assumption has changed from the previous assumption that the impact of COVID-19 would continue for a certain period to an assumption that economic activity would gradually recover from the following fiscal year onward as restrictions are eased. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning “Material Accounting Estimates” described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes to the assumptions underlying accounting estimates in light of the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning “Material Accounting Estimates” described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes to the assumptions underlying accounting estimates in light of the impact of COVID-19. - FY2022RestatedAnnual report
「As it is difficult to predict when the impact of COVID-19 will subside, the company has made accounting estimates based on the assumption that the impact will continue for a certain period.」
The company continues its policy of estimating impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the COVID-19 pandemic will continue for a certain period. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning “Additional Information (Accounting Estimates Related to the Impact of COVID-19)” described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes to the assumptions underlying accounting estimates in light of the impact of COVID-19. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning “Additional Information (Accounting Estimates Related to the Impact of COVID-19)” described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes to the assumptions underlying accounting estimates in light of the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning “Additional Information (Accounting Estimates Related to the Impact of COVID-19)” described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes to the assumptions underlying accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, in light of the impact of COVID-19. - FY2021RestatedAnnual report
「In determining and evaluating impairment of fixed assets and the recoverability of deferred tax assets, the group has made accounting estimates based on the assumption that the impact will continue for a certain period. If the spread of infections does not subside and the economic environment deteriorates further, losses may arise in the future.」
The company continues its policy of estimating impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the COVID-19 pandemic will continue for a certain period. - FY2021-Q3RestatedAnnual report
「Given the high uncertainty caused by the spread and prolonged impact of COVID-19 and the difficulty of predicting future infection trends and the timing of containment, the group has made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact will continue for a certain period. This assumption involves significant uncertainty, and losses may arise in the future if the impact is prolonged.」
The company continues to estimate impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the COVID-19 pandemic will continue for a certain period. - FY2021-Q2ReframedAnnual report
「Given the high uncertainty caused by the spread and prolonged impact of COVID-19 and the difficulty of predicting future infection trends and the timing of containment, the group has made accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact will continue for a certain period during the current consolidated fiscal year. This assumption involves significant uncertainty, and losses may arise in the future if the impact is prolonged.」
The assumption has changed from the previous quarter’s assumption that infections would subside toward the summer and demand would gradually normalize to an assumption that the impact would continue for a certain period during the current consolidated fiscal year, emphasizing the uncertainty and possibility of losses if the impact is prolonged. - FY2021-Q1First statedAnnual report
「In determining and evaluating impairment of fixed assets and the recoverability of deferred tax assets, the group has made accounting estimates based on the assumption that demand will gradually normalize after the spread of COVID-19 subsides toward the summer and thereafter. This assumption involves significant uncertainty, and if containment is delayed and the impact is prolonged, losses may arise in the future.」
The company estimates impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that demand will gradually normalize from the summer onward, and discloses the uncertainty of this assumption and the possibility of losses if the impact is prolonged.