Uncertainty over when the infectious disease will subside and the risk of differences in accounting estimates
First written in FY2021-Q1. 10 of 12 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 2 of 7 companies on the "Worse" side.
11 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「The significant accounting estimates used in preparing the consolidated financial statements and the assumptions used for those estimates are as described in Part 5, Accounting, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Significant Accounting Estimates).」
The accounting estimates previously described based on assumptions about when COVID-19 would subside were not presented separately among the significant accounting estimates this time; the focus is on impairment of fixed assets and the recoverability of deferred tax assets. - 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 company stated that there had been no material changes from the previous fiscal year to its accounting estimates or the underlying assumptions. - 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 company stated that there have been no material changes from the previous fiscal year in the accounting estimates and assumptions concerning COVID-19. - FY2023-Q3RestatedAnnual report
「There have been no material changes from the previous fiscal year's assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's annual securities report.」
The company stated that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the resolution of and recovery from the infectious disease. - FY2023-Q2RestatedAnnual report
「There have been no material changes from the previous fiscal year's assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's annual securities report.」
The company stated that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the resolution of and recovery from the infectious disease. - FY2023-Q1RestatedAnnual report
「There have been no material changes from the previous fiscal year's assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the previous fiscal year's annual securities report.」
The company stated that there have been no material changes from the previous fiscal year in the accounting assumptions concerning the resolution of and recovery from COVID-19. - FY2022-Q3RestatedAnnual report
「Although it is difficult to estimate quantitatively the amount of COVID-19's impact on business and business performance because the outlook is uncertain, the Group assumes that general social and economic activity will normalize toward the following fiscal year as measures such as vaccinations and prescription drugs become more widespread, and that sales will gradually begin to recover as measures such as voluntary suspension of operations in the jewelry industry are eased.」
Although the company considers it difficult to estimate quantitatively the amount of the infectious disease's impact, it continues to assume that conditions will normalize toward the following fiscal year and sales will recover as vaccinations and prescription drugs become widespread. It also continues to state that the assumptions are highly uncertain and that a material impact may result if conditions persist or become more severe. - FY2022-Q1RestatedAnnual report
「At present, the timing of the resolution is uncertain and specific forecasts are extremely difficult, but accounting requires estimates based on certain assumptions.」
Because it is difficult to forecast specifically when the infectious disease will subside, the company continues to recognize as a risk the need to make accounting estimates based on certain assumptions. - FY2021RestatedAnnual report
「The Group assumes that general social and economic activity will normalize around autumn 2021 through measures such as progress in vaccinations, and that sales will gradually begin to recover as voluntary closures of sales outlets and restrictions on going out in the jewelry industry decrease. The assumptions used in these estimates are highly uncertain, and if the timing of the resolution of COVID-19 or its impact on the economic environment lasts longer or becomes more severe than expected, the Group's financial position and business performance may be materially affected.」
The company assumes that economic activity will normalize around autumn 2021 in relation to the timing of the resolution of the infectious disease, but continues to describe the high uncertainty of this assumption and the impact on business performance if conditions persist or become more severe as a risk. - FY2021-Q3RestatedAnnual report
「The outlook for when the infectious disease will subside remains uncertain and specific forecasts are extremely difficult, but accounting requires best estimates based on certain assumptions.」
Because it is difficult to forecast specifically when the infectious disease will subside, the company continues to describe the accounting risk of estimating impairment of fixed assets and the recoverability of deferred tax assets based on certain assumptions. - FY2021-Q2RestatedAnnual report
「The outlook for when the infectious disease will subside remains uncertain and specific forecasts are extremely difficult, but accounting requires best estimates based on certain assumptions.」
Because it is difficult to forecast specifically when the infectious disease will subside, the company continues to describe the accounting risk of making estimates for impairment of fixed assets and the recoverability of deferred tax assets on the assumption that conditions will gradually normalize toward the fiscal year-end. - FY2021-Q1First statedAnnual report
「At present, the timing of the resolution is uncertain and specific forecasts are extremely difficult, but accounting requires estimates based on certain assumptions. Actual results relating to the timing of the resolution and the recovery trend may differ from these forecasts, potentially resulting in a material difference.」
Because it is difficult to forecast when COVID-19 will subside, estimates for impairment of fixed assets and the recoverability of deferred tax assets were made on the assumption that conditions would gradually normalize toward the fiscal year-end. The possibility of a material difference if actual results differ from the assumptions was described as a new accounting risk.