Performance Recovery Scenario Assuming COVID-19
First written in FY2020. 8 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
- FY2026Estimates based on an assumption of generally stable economic conditions in Japan in fiscal 2026Annual report
「Although the business environment remains uncertain, the Group prepared its estimates on the assumption that Japan's economy will remain generally stable in fiscal 2026, despite expected differences in economic conditions by industry, based on current order trends and forecasts from industry associations closely related to the Group.」
The estimates were updated from the assumption of generally stable conditions in fiscal 2025 to an assumption that Japan's economy would remain generally stable in fiscal 2026, incorporating differences in economic conditions by industry. - FY2025Japan's economy assumed to remain generally stable in fiscal 2025, with strong automotive productionAnnual report
「Although the business environment remains uncertain, the Group has assumed that Japan's economy will remain generally stable in fiscal 2025, based on current order trends and forecasts from industry associations closely related to the Group.」
The estimates were updated from the previous assumptions of post-pandemic recovery and stable performance to assumptions that Japan's economy would remain generally stable in fiscal 2025 and that the core automotive sector would perform strongly. - 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.」
The disclosure continues to state that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions used for them. - 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 disclosure continues to state that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions used for them. - 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 disclosure continues to state that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions used for them. - FY2023Estimates based on an assumption of stable performance in fiscal 2023Annual report
「Based on current order trends and forecasts from industry associations closely related to the Group, the Group has assumed that Japan's economy will remain generally stable in fiscal 2023.」
The estimates were updated from the previous recovery assumptions under COVID-19 to an assumption that Japan's economy would remain generally stable in fiscal 2023, reflecting the lower disease classification and signs of a recovery in automotive production. - 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 disclosure continues to state that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions used for them. - FY2023-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 disclosure states that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions used for them. - FY2022-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 disclosure states that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions underlying them. - 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 disclosure states that there were no material changes from the previous fiscal year in the accounting estimates and the assumptions underlying them. - FY2021ReframedAnnual report
「Although it is expected to take time for economic activity to return to pre-COVID levels under these uncertain business conditions, the Company has assumed that Japan's economy will continue to recover and remain stable in fiscal 2021, based on current order trends and forecasts from industry associations closely related to the Company.」
While assuming that it would take time to return to pre-COVID levels, the accounting estimates were updated on the assumption that Japan's economy would recover and remain stable in fiscal 2021. - FY2021-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 disclosure states that there were no material changes from the previous fiscal year in the accounting estimates and assumptions described in that year. - FY2020First statedAnnual report
「Based on these assumptions, the Company reviewed accounting estimates, including the recoverability of deferred tax assets and the presence or absence of impairment losses on fixed assets, and recognizes that, at present, the likelihood of a material impact on the consolidated financial statements is low.」
Based on current order trends and other factors, the disclosure states that the accounting estimates assumed a downturn in business performance in the first half of fiscal 2020, a recovery in demand from the second half, and stable performance from fiscal 2021 onward.