Changes to Accounting Estimates and Impairment Losses Based on the Assumption of a Prolonged Impact from COVID-19
First written in FY2021-Q2. 5 of 8 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「There was no material change to the key assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
We continued to explain that there had been no material change to the key accounting assumptions concerning COVID-19. - FY2023-Q1RestatedAnnual report
「There was no material change to the key assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
We stated that there had been no material change to the key accounting assumptions concerning COVID-19. - FY2022SoftenedAnnual report
「With respect to COVID-19, although some stores have been affected depending on conditions such as their business, region, format and location, we prepared our accounting estimates on the assumption that the overall impact on our group’s business activities from the following consolidated fiscal year onward would be immaterial.」
The accounting assumption was changed from the previous year’s assumption that the impact would remain to some extent in the following consolidated fiscal year to an assumption that the overall impact from the following fiscal year onward would be immaterial. - FY2022-Q2RestatedAnnual report
「There was no material change to the key assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
We stated that there had been no material change to the key accounting assumption that the impact of COVID-19 would remain in the following fiscal year. - FY2022-Q1RestatedAnnual report
「There was no material change to the key assumptions concerning COVID-19 described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
We stated that there had been no material change to the key accounting assumption that the impact of COVID-19 would remain in the following fiscal year. - FY2021WorsenedAnnual report
「We prepared our accounting estimates on the assumption that the impact of these conditions would remain to some extent in the following consolidated fiscal year. The assumptions used in these estimates involve a high degree of uncertainty. If the timing of the end of the COVID-19 pandemic or its impact on the economic environment changes, this may affect the above estimates and could affect our future financial position, operating results and cash flows.」
The assumption that the impact of COVID-19 would remain in the following fiscal year was maintained, and an impairment loss of ¥1,081 million was recognised in the current fiscal year. The explanation that the estimates involved a high degree of uncertainty was also maintained. - FY2021-Q3RestatedAnnual report
「As of the end of the third quarter of the current consolidated fiscal year, there had been no material change to the assumption revised at the end of the second quarter of the current consolidated fiscal year.」
There was no material change to the assumption that the impact of COVID-19 would remain to some extent after the current consolidated fiscal year, and cumulative impairment losses of ¥911 million were recognised. - FY2021-Q2First statedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, we had assumed that “the impact of the spread of infection would gradually subside by the end of the fiscal year ending March 2021.” In light of subsequent infection trends and the impact on the economic environment, we changed this assumption to “although conditions will gradually improve, the impact of these conditions will remain to some extent after the current consolidated fiscal year,” and prepared our accounting estimates accordingly. As a result of this change, we recognised an impairment loss of ¥886 million in the cumulative six-month period of the current consolidated fiscal year, primarily as a result of store closures and measurements based on the revised assumption.」
We changed the assumption to reflect that the impact of COVID-19 would remain to some extent after the current consolidated fiscal year and recognised an impairment loss of ¥886 million as a result of this and other factors. We also stated that the estimates involved a high degree of uncertainty.