Valuation of Store Fixed Assets Dependent on Assumptions About COVID-19 Containment
First written in FY2021. 7 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The estimates used to recognise and measure impairment losses on fixed assets may be affected by uncertain future economic conditions and fluctuations in market values. If future operating performance and other factors diverge from the estimates, this could affect the valuation of fixed assets and have a material impact on the consolidated financial statements for the following consolidated fiscal year.」
The risk of a valuation impact from divergences between economic conditions, market values and future operating performance estimates remains in the impairment assessment of store fixed assets. - FY2024ReframedAnnual report
「The estimates used to recognise and measure impairment losses on fixed assets may be affected by uncertain future economic conditions and fluctuations in market values. If future operating performance and other factors diverge from the estimates, this could affect the valuation of fixed assets and have a material impact on the consolidated financial statements for the following consolidated fiscal year.」
The risk related to the valuation of store fixed assets was reorganised from a focus on assumptions regarding the timing of the containment of COVID-19 to a focus on future economic conditions, market values and divergences from operating performance estimates. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there were no material changes in the assumptions for the valuation of store fixed assets, including the timing of the containment of COVID-19. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there were no material changes in the assumptions for the valuation of store fixed assets, including the timing of the containment of COVID-19. - FY2023RestatedAnnual report
「The estimates used to recognise and measure impairment losses on fixed assets may be affected by the future status of COVID-19, as well as other uncertain future economic conditions and fluctuations in market values. If future operating performance and other factors diverge from the estimates, this could affect the valuation of fixed assets and have a material impact on the consolidated financial statements for the following consolidated fiscal year.」
The risk of a valuation impact from divergences between the status of the infection, economic conditions, market values and future estimates remains in the impairment assessment of ¥52,400 million in store fixed assets. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no material changes in the assumptions regarding the timing of the containment of COVID-19 and other factors related to the valuation of store fixed assets. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no material changes in the assumptions for the valuation of store fixed assets, including the timing of the containment of COVID-19. - FY2022WorsenedAnnual report
「Regarding the impact of COVID-19, the Company assumes that some effects will remain in the fiscal year ending March 2023 but will gradually subside, and that economic activity will move toward normalisation from the fiscal year ending March 2024 onward.」
The assumption was pushed back from the previous fiscal year's assumption that economic activity would be largely normalised from January 2022 onward, to an assumption that some effects would remain in the fiscal year ending March 2023 and that normalisation would occur from the fiscal year ending March 2024 onward. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the assumptions, including those concerning the timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
The Company states that there were no material changes from the previous fiscal year in the assumptions regarding the timing of the containment of COVID-19 and other factors related to the valuation of store fixed assets. - FY2021First statedAnnual report
「Store fixed assets (property, plant and equipment and intangible assets) amounted to ¥57,065 million. Regarding the impact of COVID-19, the Company assumes that some effects will remain during 2021, but that economic activity will have largely normalised from January 2022 onward. If future operating performance and other factors diverge from the estimates, this could affect the valuation of fixed assets and have a material impact on the consolidated financial statements for the following consolidated fiscal year.」
The impairment assessment of ¥57,065 million in store fixed assets depends on the medium-term management plan and the assumption that COVID-19 will have been largely contained from January 2022 onward. The Company identifies the potential valuation impact if actual results diverge from estimates as a new material risk.