Accounting estimates assuming the impact of COVID-19 will continue through the following fiscal year
First written in FY2021-Q3. 1 of 2 entries say "Dropped", first in FY2022. Latest entry: FY2022.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual reportThe accounting estimate assumption stated in the previous quarter, that the impact of COVID-19 would continue through the following fiscal year, cannot be confirmed as a separate disclosure in the full-year report.
- FY2021-Q3First statedAnnual report
「Our company and consolidated subsidiaries have made accounting estimates, including the recoverability of deferred tax assets and impairment accounting for fixed assets, on the assumption that the impact of the spread of COVID-19 and the resulting stagnation of economic activity will continue through the following fiscal year, in light of the uncertain outlook for when the impact will subside due to a further expansion of the outbreak, referred to as the third wave. Although the above estimates are based on information available when the quarterly consolidated financial statements were prepared, changes in the infection situation or its impact on the economic environment may have a material effect on the consolidated financial statements for the following fiscal year.」
In light of the uncertain timing of the outbreak's end due to the third wave and other factors, the company made accounting estimates for tax effects, impairment and other matters on the assumption that the impact of the infection would continue through the following fiscal year. It indicated that changes in the assumptions underlying the estimates could have a material effect on the consolidated financial statements for the following fiscal year.