Uncertainty in Accounting Estimates Due to COVID-19
First written in FY2021-Q1. 7 of 12 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2025DroppedAnnual reportIn the significant accounting estimates for FY2025, uncertainty in accounting estimates arising from COVID-19 is not disclosed as a separate topic.
- FY2024-Q1RestatedAnnual report
「There have been no significant changes to certain assumptions concerning the impact of COVID-19 disclosed in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year.」
It states that there have been no significant changes from the previous fiscal year in the assumptions underlying accounting estimates related to the impact of COVID-19. - FY2023SoftenedAnnual report
「In preparing the consolidated financial statements, the Company assumed that, following the reclassification of COVID-19 as a Class 5 infectious disease on 8 May 2023 and the substantial easing of infection-control measures, opportunities for consumers to go out would increase and personal consumption would recover, and made accounting estimates, including the recoverability of deferred tax assets and impairment losses on fixed assets.」
The assumption concerning the impact of the infectious disease changed from the previous assumption that weak consumption would continue through the following fiscal year to one that personal consumption would recover as COVID-19 was reclassified as a Class 5 infectious disease and opportunities to go out increased. However, uncertainty regarding the assumptions continues to be disclosed. - FY2023-Q3RestatedAnnual report
「There have been no significant changes to certain assumptions concerning the impact of COVID-19 disclosed in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year.」
The Company states that there have been no material changes from the previous fiscal year in the assumptions used for accounting estimates concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no significant changes to certain assumptions concerning the impact of COVID-19 disclosed in the significant accounting estimates section of the annual securities report for the previous consolidated fiscal year.」
The company stated that there had been no material changes from the previous year in the assumptions used for accounting estimates concerning the impact of COVID-19. - FY2022SoftenedAnnual report
「In preparing the consolidated financial statements, the Company assumed that economic activity would gradually recover by the end of the following consolidated fiscal year as additional COVID-19 vaccinations became more widespread.」
The assumption changed from the previous assumption that the impact would continue through the current consolidated fiscal year to one that the economy would gradually recover by the end of the following consolidated fiscal year as additional COVID-19 vaccinations became more widespread. Uncertainty regarding the timing of containment and other matters continues to be disclosed. - FY2022-Q3RestatedAnnual report
「In preparing the quarterly consolidated financial statements, the Company assumed that the impact of the decline in revenue resulting from weak consumption in Japan and overseas due to the spread of COVID-19 would continue through the current consolidated fiscal year, and made accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets.」
The Company is estimating impairment losses on fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the decline in revenue caused by COVID-19 will continue through the current consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「In preparing the quarterly consolidated financial statements, the Company assumed that the impact of the decline in revenue resulting from weak consumption in Japan and overseas due to the spread of COVID-19 would continue through the current consolidated fiscal year, and made accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets.」
The Company is estimating impairment losses on fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of the decline in revenue caused by COVID-19 will continue through the current consolidated fiscal year. - FY2021WorsenedAnnual report
「In preparing the consolidated financial statements, the Company assumed that the impact of the decline in revenue resulting from weak consumption in Japan and overseas due to the spread of COVID-19 would continue through the following consolidated fiscal year, and made accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets.」
The assumption used in the estimates was updated to reflect that the impact of the COVID-19-related decline in revenue would continue through the following consolidated fiscal year, and was used to estimate impairment losses on fixed assets and the recoverability of deferred tax assets. - FY2021-Q3RestatedAnnual report
「Although the stores have since reopened, weak consumption is expected in Japan and overseas. In preparing the quarterly consolidated financial statements, the Company has made accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of the decline in revenue will continue through the first half of the following consolidated fiscal year.」
The Company expects weak consumption in Japan and overseas even after the stores reopened, and is estimating impairment losses on fixed assets and the recoverability of deferred tax assets based on the assumption that the decline in revenue will continue through the first half of the following consolidated fiscal year. - FY2021-Q2RestatedAnnual report
「Although the stores have since reopened, weak consumption is expected in Japan and overseas. In preparing the quarterly consolidated financial statements, the Company has made accounting estimates, including impairment losses on fixed assets and the recoverability of deferred tax assets, based on the assumption that the impact of the decline in revenue will continue through the first half of the following consolidated fiscal year.」
The Company expects weak consumption in Japan and overseas even after the stores reopened, and is estimating impairment losses on fixed assets and the recoverability of deferred tax assets based on the assumption that the decline in revenue will continue through the first half of the following consolidated fiscal year. - FY2021-Q1First statedAnnual report
「In preparing the quarterly consolidated financial statements, accounting estimates were made for fixed asset impairment and the recoverability of deferred tax assets, based on the assumption that the impact of declining sales would continue through the first half of the following consolidated fiscal year. Although the best estimates were made based on information available at the time the quarterly consolidated financial statements were prepared, the assumptions used in the estimates are inherently uncertain. Accordingly, changes in the timing of the containment of COVID-19 or its impact on the economic environment may affect the financial position and operating results of the Group.」
The Company is estimating impairment losses on fixed assets and the recoverability of deferred tax assets based on the assumption that the decline in revenue will continue through the first half of the following consolidated fiscal year. The Company newly disclosed the estimation uncertainty arising from the timing of containment of the infectious disease and changes in its economic impact.