Fixed-Asset Impairment and Accounting Estimates Due to the Continuing Impact of COVID-19
First written in FY2021-Q3. 3 of 7 entries say "Restated". Latest entry: FY2023.
Tsukiji Uoichiba moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「(Additional information) There are no applicable matters.」
The additional information on accounting estimates based on the assumed duration of the impact of COVID-19, which had been included through the previous fiscal year, is not included in the consolidated financial statements for the current fiscal year. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company explained that there had been no material change from the previous fiscal year in the assumptions regarding the impact of COVID-19 on accounting estimates. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company explained that there had been no material change from the previous fiscal year in the assumptions regarding the impact of the pandemic on accounting estimates. - FY2022WorsenedAnnual report
「Although the third dose of the vaccine has begun to be administered, we believe that the scale of the impact and when it will subside remain uncertain due to the emergence of new variants and other factors.」
Regarding accounting estimates related to the impact of the pandemic, the scale of the impact and when it will subside remain uncertain due to new variants, and the company assumes that the impact will continue to a certain extent through the end of March 2023. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 described under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company explained that there had been no material change from the previous fiscal year in the assumptions regarding the impact of the pandemic on accounting estimates. - FY2021WorsenedAnnual report
「For accounting estimates, including impairment assessments for property, plant and equipment and the recoverability of deferred tax assets, we assume that the impact of the spread of COVID-19 will continue to a certain extent through the end of March 2022. We have recognized an impairment loss of ¥407 million.」
The assumption that the impact of the pandemic would continue through the end of March 2022 was maintained, and the impairment loss on property, plant and equipment increased from ¥392 million in the third quarter to ¥407 million for the full year. - FY2021-Q3MaterialisedAnnual report
「It is difficult to forecast the future spread of COVID-19 and when it will subside. At the end of the previous fiscal year, we initially assumed that COVID-19 would have a certain degree of impact during the first half of the fiscal year ending March 2021. However, we revised our assumption to reflect that the impact would continue for a certain period into the following consolidated fiscal year and made accounting estimates, including impairment assessments for property, plant and equipment. We have recognized impairment losses on property, plant and equipment. The impairment loss recognized during the nine months ended 31 December of the current fiscal year was ¥392 million.」
The assumption was revised to reflect that the impact of the pandemic would continue into the following consolidated fiscal year, and impairment assessments for property, plant and equipment were conducted on that basis. An impairment loss of ¥392 million was actually recognized in the seafood wholesaling segment.