Accounting estimates for deferred tax assets and impairment of fixed assets based on the effects of the pandemic
First written in FY2021-Q2. 8 of 11 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
16 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportIn the current year's significant accounting estimates, the explanation of deferred tax assets and impairment of fixed assets based on the effects of COVID-19 is no longer presented as a standalone item, and the focus has shifted to estimates of total construction costs.
- 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 has reaffirmed that there have been no material changes from the previous year in the accounting estimates, including the effects of the pandemic, or in the assumptions used in those estimates. - 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 has reaffirmed that there have been no material changes from the previous year in the accounting estimates and assumptions described. - 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 company has reaffirmed that there have been no material changes from the previous year in the accounting estimates and assumptions described. - FY2022ReframedAnnual report
「Revenue recognized for performance obligations satisfied over time is calculated for each construction contract based on the percentage of costs incurred relative to the estimated total construction costs as of the end of the consolidated fiscal year, with this percentage used as the measure of progress.」
The focus of significant accounting estimates has expanded from estimates of deferred tax assets and impairment based on the effects of the pandemic to estimates of revenue recognized over time based on assumptions regarding total construction costs, subcontracting expenses and other factors. - FY2022-Q3RestatedAnnual report
「There have been no material changes in the assumptions concerning the impact of the spread of COVID-19 described under Significant Accounting Estimates in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous year in its accounting estimates for the recoverability of deferred tax assets and impairment of fixed assets based on the effects of the pandemic. - FY2022-Q2RestatedAnnual report
「There have been no material changes in the assumptions concerning the impact of the spread of COVID-19 described under Significant Accounting Estimates in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes from the previous year in its accounting estimates for the recoverability of deferred tax assets and impairment of fixed assets based on the effects of the pandemic. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions regarding the effects of the spread of COVID-19 described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. Because there are many uncertainties regarding the effects of COVID-19, depending on developments, the pandemic could have a material effect on the Group's financial position and operating results going forward.」
The company has reaffirmed that there have been no material changes from the previous year in its accounting estimates, including the assumption that the effects of the pandemic will continue beyond the following fiscal year. - FY2021RestatedAnnual report
「The business plans of the Group companies for the following fiscal year and the fair value of real estate have been affected by COVID-19. Although the effects of the pandemic are expected to subside going forward, the Group assumes that they will continue beyond the following fiscal year.」
The company has reaffirmed its policy of estimating impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the effects of the pandemic will continue beyond the following fiscal year. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions used in accounting estimates regarding the effects of the spread of COVID-19, as described in the additional information section of the quarterly report for the second quarter of the current consolidated fiscal year.」
The company states that there have been no material changes from the second-quarter report in its accounting estimates for the recoverability of deferred tax assets and impairment of fixed assets based on the effects of COVID-19. - FY2021-Q2First statedAnnual report
「Although the government lifted the state of emergency on 25 May 2020 in response to the effects of COVID-19, concerns remained that infections could spread again as economic activity resumed, and it continued to be difficult to predict when the pandemic would subside. The Group experienced effects including delays in the delivery of procured materials, temporary suspensions and postponements of construction work, and event cancellations. Based on the assumption that the effects of COVID-19 would continue throughout the consolidated fiscal year, the Group made accounting estimates regarding the recoverability of deferred tax assets and impairment of fixed assets.」
For the first time, the company explicitly stated that it was making accounting estimates for the recoverability of deferred tax assets and impairment of fixed assets based on the assumption that the effects of COVID-19 would continue throughout the consolidated fiscal year.