Accounting estimates based on the impact of COVID-19
First written in FY2021-Q1. 7 of 12 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the “Additional Information” section of the quarterly report for the second quarter of the current consolidated fiscal year. However, the Group’s financial position and operating results may be affected depending on future infection conditions.」
Stated that there had been no material change in the accounting assumptions concerning the impact of COVID-19, and reiterated the possibility of an impact depending on infection conditions. - FY2024-Q2Updated the accounting assumption to one that the impact of the infection would diminishAnnual report
「Regarding the future impact of COVID-19, consumer spending, particularly among affluent consumers, has remained solid and inbound sales have recovered rapidly as restrictions on activities have been eased following the reclassification of COVID-19 as a Category 5 infectious disease. Accordingly, for assessing the recoverability of deferred tax assets and determining impairment of fixed assets, accounting estimates have been reflected in the accounting treatment based on the assumption that the impact of the infection would gradually diminish. As a result, income taxes adjustment income of ¥376 million related to the recognition of deferred tax assets was recorded for the cumulative second quarter of the current consolidated fiscal year.」
Updated the previous assumption that the impact of the infection would continue to some extent beyond 2023 to one that the impact would gradually diminish, and recorded ¥376 million in income taxes adjustment income related to the recognition of deferred tax assets. - FY2023Updated accounting assumptionsAnnual report
「For assessing the recoverability of deferred tax assets and determining impairment of fixed assets, accounting estimates have been reflected in the accounting treatment based on the assumption that the impact of the infection would continue to some extent beyond 2023.」
Reflected in the assessment of deferred tax asset recoverability and fixed asset impairment the assumption that the impact of COVID-19 would continue to some extent beyond 2023. - FY2023-Q3RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous consolidated fiscal year. However, the impact of the infection involves many uncertainties and may affect the Group’s financial position and operating results depending on the future spread of infection.」
Stated that there had been no material change in the accounting assumptions concerning the impact of COVID-19, and reiterated the possibility of an impact from the spread of infection. - FY2022RestatedAnnual report
「For assessing the recoverability of deferred tax assets and determining impairment of fixed assets, accounting estimates have been reflected in the accounting treatment based on the assumption that the impact of the infection would continue beyond 2022.」
Reconfirmed the policy of reflecting in the accounting estimates for deferred tax assets and fixed asset impairment the assumption that the impact of COVID-19 would continue beyond 2022. - FY2022-Q3RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous consolidated fiscal year.」
While stating that there had been no material change in the accounting assumptions concerning the impact of the infection, reiterated the possibility of an impact on the financial position and operating results from the future spread of infection. - FY2022-Q2RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous consolidated fiscal year. However, the impact of the infection involves many uncertainties and may affect the Group’s financial position and operating results depending on the future spread of infection.」
Stated that there had been no material change in the accounting assumptions concerning the impact of COVID-19 established at the end of the previous fiscal year. - FY2022-Q1RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the “Additional Information” section of the securities report for the previous consolidated fiscal year. However, the impact of the infection involves many uncertainties and may affect the Group’s financial position and operating results depending on the future spread of infection.」
While stating that there had been no material change in the accounting assumptions concerning the impact of COVID-19 established at the end of the previous fiscal year, reiterated the possibility of an impact from the spread of infection. - FY2021Extended the accounting assumption for a considerable period beyond 2021Annual report
「However, at the end of the current consolidated fiscal year, after reconsidering the future impact of the infection based on available information and other factors, we changed the assumption to one that the impact of the infection would continue for a considerable period beyond 2021. Although consumer sentiment was beginning to improve, the recovery in inbound demand was expected to take more time in light of infection conditions and travel restrictions in other countries.」
Changed the accounting assumption concerning the impact of the infection from “through part of 2021” to “continuing for a considerable period beyond 2021,” and recorded ¥352 million in income taxes adjustment expense related to the reversal of deferred tax assets. - FY2021-Q3RestatedAnnual report
「There has been no material change in the assumptions concerning the impact of COVID-19 described in the “Additional Information” section of the second-quarter report for the current consolidated fiscal year. However, the impact of the infection involves many uncertainties and may affect the Group’s financial position and operating results depending on the future spread of infection.」
While stating that there had been no material change in the accounting assumptions concerning the impact of the infection presented in the second-quarter report, reiterated the possibility of an impact depending on the spread of infection. - FY2021-Q2Extended the accounting assumption through part of 2021Annual report
「However, at the end of the second quarter of the current consolidated fiscal year, after reconsidering the future impact of the infection based on available information and other factors, we changed the assumption to one that the impact of the spread of infection would continue through part of 2021 and then recover gradually. Although consumer sentiment was beginning to improve, the recovery in inbound demand was expected to take more time in light of infection conditions and travel restrictions in other countries.」
Changed the assumption at the end of the first quarter from “continuing through summer 2020” to one that the impact of the spread of infection would continue through part of 2021 and then recover gradually. - FY2021-Q1First statedAnnual report
「For assessing the recoverability of deferred tax assets and determining impairment of fixed assets, accounting estimates have been reflected in the accounting treatment based on the assumption that the impact of the spread of COVID-19 would continue through summer 2020.」
First stated that accounting estimates had been reflected in assessing the recoverability of deferred tax assets and determining impairment of fixed assets based on the assumption that the impact of COVID-19 would continue through summer 2020.