Accounting Estimates in Light of COVID-19
First written in FY2021-Q2. 3 of 8 entries say "Restated". Latest entry: FY2023-Q2.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023-Q2RestatedAnnual report
「In the accounting estimates made in connection with the spread of COVID-19, there were no material changes to the assumptions described in the securities report for the previous fiscal year under significant accounting estimates.」
The Company stated that there had been no material changes from the previous fiscal year in the assumptions used for accounting estimates concerning impairment losses and deferred tax assets in light of the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「In the accounting estimates made in connection with the spread of COVID-19, there were no material changes to the assumptions described in the securities report for the previous fiscal year under significant accounting estimates.」
The Company stated that there had been no material changes from the previous fiscal year in the assumptions used for accounting estimates concerning impairment losses and deferred tax assets in light of the impact of COVID-19. - FY2022Extended the assumed recovery timeline through the end of the following fiscal yearAnnual report
「In these circumstances, in making accounting estimates, including judgments on whether impairment losses on property, plant and equipment should be recognized and on the recoverability of deferred tax assets, the Company assumed, based on information available at the end of the fiscal year, that performance would gradually recover through the end of the following fiscal year.」
The Company changed the recovery assumption used in its accounting estimates from the previous quarter's expectation that the effects would persist through the first half of the next fiscal year to one that performance would gradually recover through the end of the following fiscal year. This wording incorporates the potential for the effects to persist longer, including due to the spread of new variants. - FY2022-Q3Delay in the assumed recovery timelineAnnual report
「In these circumstances, in making accounting estimates, including judgments on whether impairment losses on property, plant and equipment should be recognized and on the recoverability of deferred tax assets, the Company assumed, based on information available at the end of the third quarter accounting period, that the effects would persist through the first half of the next fiscal year.」
In light of the risk that COVID-19 variants could spread, the Company changed its assumption from the previous quarter's expectation of a gradual recovery through the end of the fiscal year to one that the effects would persist through the first half of the next fiscal year. - FY2022-Q2RestatedAnnual report
「At the end of the second quarter accounting period, a state of emergency had been declared in 19 prefectures, and in addition to requests to refrain from going out, stores in those prefectures suspended operations and shortened their opening hours. In these circumstances, in making accounting estimates, including judgments on whether impairment losses on property, plant and equipment should be recognized and on the recoverability of deferred tax assets, the Company assumed, based on information available at the end of the second quarter accounting period, that performance would gradually recover through the end of the fiscal year from the third quarter onward as the preventive effects of vaccination became more widespread, although performance would continue to fluctuate.」
In light of the impact of COVID-19, the Company continues to use the accounting estimate assumption that performance will gradually recover through the end of the fiscal year due to the preventive effects of vaccinations. - FY2022-Q1Acceleration of the assumed recovery timelineAnnual report
「In these circumstances, in making accounting estimates, including judgments on whether impairment losses on property, plant and equipment should be recognized and on the recoverability of deferred tax assets, the Company assumed, based on information available at the end of the first quarter accounting period, that performance would gradually recover through the end of the fiscal year from the second quarter onward as the preventive effects of vaccination became more widespread, although performance would continue to fluctuate.」
The Company changed the recovery assumption used in its accounting estimates from the previous assumption that the effects would persist through the first half of the next fiscal year to one that performance would gradually recover through the end of the fiscal year due to the effects of vaccinations. - FY2021-Q3Delay in the assumed recovery timelineAnnual report
「As the government expanded its declaration of a state of emergency in response to the spread of COVID-19 nationwide, the Company suspended operations at its stores and shortened their opening hours. Operations subsequently resumed following the lifting of the declaration, but the effects of requests to refrain from going out and other measures are expected to continue for the time being. Accordingly, in making accounting estimates, including judgments on whether impairment losses on property, plant and equipment should be recognized and on the recoverability of deferred tax assets, the Company had assumed that performance would gradually recover through the end of the fiscal year. Based on information available at the end of the third quarter accounting period, however, it changed this assumption to one that the effects would persist through the first half of the next fiscal year.」
The Company changed its assumption from the previous quarter's expectation of a gradual recovery through the end of the fiscal year to one that the effects would persist through the first half of the next fiscal year, thereby postponing the assumed recovery timeline used in its accounting estimates. - FY2021-Q2First statedAnnual report
「As the government expanded its declaration of a state of emergency in response to the spread of COVID-19 nationwide, the Company suspended operations at its stores and shortened their opening hours. Operations subsequently resumed following the lifting of the declaration, but the effects of requests to refrain from going out and other measures are expected to continue for the time being. Accordingly, in making accounting estimates, including judgments on whether impairment losses on property, plant and equipment should be recognized and on the recoverability of deferred tax assets, the Company assumed, based on information available at the end of the second quarter accounting period, that performance would gradually recover from the third quarter through the end of the fiscal year.」
In light of the impact of COVID-19, the Company assumed that performance would gradually recover from the third quarter through the end of the fiscal year when making accounting estimates concerning impairment losses on property, plant and equipment and the recoverability of deferred tax assets.