Accounting Estimates Based on Assumptions About Business Performance Recovery in Light of the Impact of the Infectious Disease
First written in FY2021-Q1. 5 of 12 entries say "Restated". Latest entry: FY2026.
Chiyoda moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The estimate of taxable income before the reversal of temporary differences and other adjustments, based on future earnings capacity, is based on future business plans. The key assumptions in the business plans include sales per store, the number of store openings and closures, and gross profit margin, and are significantly affected by economic conditions and trends in personal consumption.」
The accounting estimates have been reorganized from those previously based on an assumed recovery timeline for the infectious disease into business-plan-based estimates using sales per store, store openings and closures, economic conditions and personal consumption as key assumptions. - FY2023ReframedAnnual report
「The estimate of taxable income before the reversal of temporary differences and other adjustments, based on future earnings capacity, is based on future business plans. The key assumptions in the business plans include sales per store, the number of store openings and closures, and gross profit margin, and are significantly affected by economic conditions, trends in personal consumption, and the status of the COVID-19 pandemic.」
The explanation has been reorganized from the previous description, which assumed a recovery timeline after the pandemic, into an estimate based on business plans using sales per store, store openings and closures, gross margin, economic conditions and consumption trends as key assumptions. - FY2023-Q3RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover. However, the timing of the end of the COVID-19 pandemic remains uncertain and may affect our future financial position, operating results and cash flow.」
The company continues to disclose its assessment of impairment and deferred tax asset recoverability based on the assumption of a gradual recovery from the impact of the infectious disease, as well as the uncertainty over when the situation will subside. - FY2023-Q2RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on the Group’s performance, accounting estimates have been made in determining whether to recognize impairment losses on property, plant and equipment and in assessing the recoverability of deferred tax assets, based on the assumption of a gradual recovery.」
Accounting estimates regarding impairment of property, plant and equipment and the recoverability of deferred tax assets continue to be made based on the assumption of a gradual recovery from the impact of the infectious disease. - FY2023-Q1SoftenedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover. However, the timing of the end of the COVID-19 pandemic remains uncertain and may affect our future financial position, operating results and cash flow.」
The assumption of a recovery in performance remains unchanged, but specific timing such as “after the end of the current consolidated fiscal year” is no longer stated, making the recovery timeline more delayed and generalized. - FY2022-Q3RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover after the end of the fiscal year. However, the timing of the end of the COVID-19 pandemic remains uncertain and may affect our future financial position, operating results and cash flow.」
The company continues to make accounting estimates based on the assumption that the impact of COVID-19 will gradually improve after the end of the fiscal year and that the timing of the end of the pandemic remains uncertain. - FY2022-Q2SoftenedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover from the end of the fiscal year.」
The assumed timing of performance recovery was deferred from “from the second half of the fiscal year” in the previous filing to “after the end of the fiscal year.” - FY2022-Q1ReframedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover from the second half of the fiscal year.」
The assumed timing of performance recovery in the accounting estimates has changed from “after the end of the fiscal year” in the previous filing to “from the second half of the fiscal year.” - FY2021RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover from the end of the fiscal year.」
The company continues to use the assumption that performance will gradually recover after the end of the fiscal year as the basis for evaluating impairment and the recoverability of deferred tax assets. - FY2021-Q3SoftenedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that performance will gradually recover from the end of the fiscal year.」
The assumed timing of performance recovery has been deferred from “after the cumulative second quarter period” in the previous filing to “after the end of the fiscal year.” - FY2021-Q2RestatedAnnual report
「Regarding the impact of the spread of COVID-19 on our group’s performance, we are making accounting estimates concerning whether to recognize impairment losses on fixed assets, the recoverability of deferred tax assets, and the valuation of inventories, based on the assumption that performance will gradually recover from the cumulative second quarter period onward. However, the timing of the end of the pandemic remains uncertain and may affect our future financial position, operating results and cash flow.」
The company is valuing impairment, deferred tax assets and inventories based on the assumption that the impact of COVID-19 will gradually improve from the cumulative second quarter period onward. At the same time, it continues to state that the timing of the end of the pandemic is uncertain and may affect its financial position and other matters. - FY2021-Q1First statedAnnual report
「Accordingly, in making accounting estimates, including judgments on whether to recognize impairment losses on fixed assets and on the recoverability of deferred tax assets, we have made judgments based on information available as of the end of the cumulative first quarter period, assuming that performance will gradually recover from the second quarter through the end of the fiscal year.」
Taking into account the impact of business suspensions and reduced operating hours due to COVID-19, the company is making accounting estimates regarding the need for impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that performance will gradually recover from the second quarter through the end of the fiscal year.