Meiwa (8103) · PolicyFirst stated

Accounting Estimates Based on Assumptions Regarding COVID-19

First written in FY2021-Q3. . Latest entry: FY2021-Q3.

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Accounting Estimates Based on Assumptions Regarding COVID-19A theme 597 companies write about · 468 as a headwind · 0 as a tailwind

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FY2021-Q3First statedAnnual report
「Regarding the impact of the spread of COVID-19, we assume that it will continue through the first half of 2021, followed by a gradual recovery in economic conditions. We have determined that the impact on our group's business and performance will not have a material impact on the accounting estimates for the current consolidated fiscal year. However, the impact of the spread of COVID-19 involves many uncertainties and may affect our group's financial position, operating results and cash flows in the future.」
Regarding accounting estimates, the company assumes that the impact of the infectious disease will continue through the first half of 2021 and that conditions will gradually recover thereafter. Although it has determined that the impact will not materially affect the accounting estimates, it also describes future uncertainties.

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