Accounting Estimates Reflecting the Impact of COVID-19
First written in FY2021-Q1. 10 of 18 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 in this securities report, the company does not identify the impact of COVID-19 as a separate key assumption; instead, it has been incorporated into assumptions such as tourism demand, room occupancy rates and average room rates.
- FY2025-H1RestatedAnnual report
「There were no material changes to the descriptions of the accounting estimates and the assumptions used in those estimates in the section "Management's Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year.」
The company stated that there had been no material changes from the previous fiscal year to its accounting estimates or the underlying assumptions. - FY2025-Q1RestatedAnnual report
「There were no material changes to the descriptions of the accounting estimates and the assumptions used in those estimates in the section "Management's Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year.」
The company stated that there had been no material changes from the previous fiscal year to its accounting estimates or the underlying assumptions. - FY2024ReframedAnnual report
「The key assumptions in the long-term management plan underlying estimates of undiscounted future cash flows are the extent of revenue recovery as tourism demand expands and the revenue growth rate beyond the period covered by the long-term management plan.」
For the accounting estimates for the hotel business, which is affected by COVID-19 and the Noto Peninsula Earthquake, the company identified the extent of revenue recovery driven by tourism demand and the long-term revenue growth rate as key assumptions. - FY2024-Q3RestatedAnnual report
「There were no material changes to the descriptions of the accounting estimates and the assumptions used in those estimates in the section "Management's Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year.」
The company stated that there had been no material changes from the previous fiscal year to its accounting estimates or the underlying assumptions. - FY2024-Q2RestatedAnnual report
「There were no material changes to the descriptions of the accounting estimates and the assumptions used in those estimates in the section "Management's Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year.」
The company stated that there had been no material changes from the previous fiscal year to its accounting estimates or the underlying assumptions. - FY2024-Q1RestatedAnnual report
「There were no material changes to the descriptions of the accounting estimates and the assumptions used in those estimates in the section "Management's Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year.」
The company stated that there had been no material changes from the previous fiscal year to its accounting estimates or the underlying assumptions. - FY2023RestatedAnnual report
「The key assumptions in the long-term management plan underlying estimates of future cash flows are the extent of demand recovery as the impact of COVID-19 subsides, the economic effects of the extension of the Hokuriku Shinkansen and the Osaka-Kansai Expo, and the revenue growth rate.」
For the impairment testing of fixed assets in the hotel business, the company prepared accounting estimates using as key assumptions demand recovery after the infection subsides, the extension of the Hokuriku Shinkansen, the Osaka-Kansai Expo, and the revenue growth rate. - FY2023-Q3ReframedAnnual report
「Regarding the "accounting estimates concerning the impact of COVID-19" described in the securities report for the previous consolidated fiscal year, the company had prepared estimates for the department store and hotel businesses based on the assumption that the impact would remain during the first half of fiscal 2022 and that performance would then gradually recover. However, during the nine-month period of the current consolidated fiscal year, the department store business performed broadly in line with the estimates for the previous consolidated fiscal year and had recovered to nearly pre-pandemic levels. In the hotel business, however, the impact of COVID-19 continued through the first half of fiscal 2022, delaying the recovery schedule from the original assumption.」
The company specified its accounting assumptions by business, with the department store business having recovered to pre-pandemic levels while recovery in the hotel business was expected to be slower than originally assumed. - FY2023-Q2ReframedAnnual report
「Regarding the "accounting estimates concerning the impact of COVID-19" described in the securities report for the previous consolidated fiscal year, the company had prepared estimates for the department store and hotel businesses based on the assumption that the impact would remain during the first half of fiscal 2022 and that performance would then gradually recover. However, during the six-month period of the current consolidated fiscal year, the company prepared accounting estimates concerning impairment losses on fixed assets after changing its assumptions to reflect continued solid performance in the department store business, while the impact on the hotel business would continue through the second half of fiscal 2022 and performance would gradually recover from fiscal 2023 onward.」
The company changed its accounting assumptions concerning the impact of the infection from an expectation of recovery during the first half of the fiscal year to an expectation that the impact on the hotel business would continue through the second half and recovery would begin from fiscal 2023 onward. - FY2023-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated fiscal year to the key assumptions concerning the impact of COVID-19 in the "significant accounting estimates" described in the securities report for the previous consolidated fiscal year.」
The company stated that there were no material changes from the previous consolidated fiscal year to the key assumptions underlying its accounting estimates concerning the impact of COVID-19. - FY2022-Q3RestatedAnnual report
「Regarding the accounting estimates and the assumptions used in those estimates concerning the impact of COVID-19, as described in the section "Management's Analysis of Financial Position, Operating Results and Cash Flows" of the securities report for the previous fiscal year, the company continued to apply in the nine-month period of the current consolidated fiscal year the assumptions concerning the impact that it had changed in the six-month period.」
The company stated that it continued to apply in the nine-month period the assumptions concerning the impact of the infection that it had changed in the six-month period. - FY2022-Q2ReframedAnnual report
「However, in the six-month period of the fiscal year ending in 2021, the company prepared accounting estimates concerning impairment losses on fixed assets after changing its assumption to one in which, despite expectations that wider vaccination would contain the spread of infection to some extent in the second half of fiscal 2021, the business environment would remain challenging in both the department store and hotel businesses through the third quarter and gradually recover from the fourth quarter onward.」
The company changed the assumptions underlying its accounting estimates from the assumption that the hotel business would recover after the impact continued until around the first half of 2021 to one that both the department store and hotel businesses would remain challenging through the third quarter and recover from the fourth quarter onward. - FY2022-Q1RestatedAnnual report
「There were no material changes during the first quarter of the current consolidated fiscal year to the "accounting estimates concerning the impact of COVID-19" described in the securities report for the previous consolidated fiscal year.」
The company stated that there were no material changes from the previous consolidated fiscal year to the accounting estimates concerning the impact of COVID-19. - FY2021ReframedAnnual report
「Although it remains difficult to reasonably predict when the impact of COVID-19 will subside, performance in the department store business has remained solid since operations resumed, and the company assumes that this will continue. In the hotel business, however, demand for accommodation and banquets has continued to decline. The company prepared accounting estimates concerning impairment losses on fixed assets, assuming that the impact would remain until around the first half of 2021 and that performance would then gradually recover.」
The company specified the assumptions underlying its accounting estimates by business, assuming continued solid performance in the department store business and recovery in the hotel business after the impact remained until around the first half of 2021. - FY2021-Q3RestatedAnnual report
「Regarding the impact of COVID-19, performance in the department store business has remained solid since June, following the resumption of operations, whereas demand for accommodation and banquets in the hotel business has continued to decline, making it difficult to reasonably predict when the effects will subside. In preparing the consolidated financial statements for the third quarter, the company assumed that the impact would continue for the time being and prepared accounting estimates concerning the recoverability of deferred tax assets and impairment losses on fixed assets.」
The company prepared accounting estimates based on the assumption that the department store business would remain solid from June onward, while weak demand in the hotel business would continue and the impact of the infection would persist for the time being. - FY2021-Q2ReframedAnnual report
「Regarding the impact of COVID-19, performance in the department store business has remained solid since June, following the resumption of operations, but it remains difficult to reasonably predict when the effects will subside. In preparing the consolidated financial statements for the second quarter, the company assumed that the impact would continue for the time being and prepared accounting estimates concerning the recoverability of deferred tax assets and impairment losses on fixed assets.」
The company changed the assumptions underlying its accounting estimates from the previous quarter's assumption of "a gradual recovery from June onward" to an assumption that performance would remain solid after operations resumed while the impact of the infection would continue for the time being. - FY2021-Q1First statedAnnual report
「Following the resumption of operations, the company has prepared accounting estimates concerning the recoverability of deferred tax assets and impairment losses on fixed assets, assuming that performance would gradually recover from June onward. However, actual results in the future may differ from these estimates and assumptions.」
The company disclosed that it had prepared accounting estimates concerning the recoverability of deferred tax assets and impairment losses on fixed assets, assuming that performance would gradually recover from June onward after operations resumed.