Uncertainty in accounting estimates concerning the timing of COVID-19 containment
First written in FY2021-Q1. 8 of 11 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 2 of 9 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「There has been no material change from the previous fiscal year to the descriptions of the accounting estimates and the assumptions used in those estimates included in “Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows” in the annual securities report for the previous fiscal year.」
The Company continues to disclose that there has been no material change from the previous fiscal year to the accounting estimates and their assumptions. - FY2023-Q3RestatedAnnual report
「There has been no material change from the previous fiscal year to the descriptions of the accounting estimates and the assumptions used in those estimates included in “Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows” in the annual securities report for the previous fiscal year.」
The Company continues to disclose that there has been no material change from the previous fiscal year to the accounting estimates and their assumptions. - FY2023-Q2RestatedAnnual report
「There has been no material change from the previous fiscal year to the significant accounting estimates and the descriptions of the assumptions used in those estimates included in “Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows” in the annual securities report for the previous fiscal year.」
The Company states that there has been no material change from the previous fiscal year to the significant accounting estimates and assumptions concerning COVID-19 and other matters. - FY2023-Q1RestatedAnnual report
「There has been no material change from the previous fiscal year to the significant accounting estimates and the descriptions of the assumptions used in those estimates included in “Management's Discussion and Analysis of Financial Position, Operating Results and Cash Flows” in the annual securities report for the previous fiscal year.」
The Company states that there has been no material change from the previous fiscal year to the significant accounting estimates and assumptions concerning COVID-19 and other matters. - FY2022ReframedAnnual report
「We assume that the economy will move toward a gradual recovery as signs of normalisation emerge in economic activity affected by COVID-19, although the situation could develop into a global recession depending on developments in Ukraine, as of the end of the current consolidated fiscal year.」
The assumptions have been updated to add the possibility of a global recession resulting from developments in Ukraine to the previous estimates premised on COVID-19 containment and recovery. - FY2022-Q2RestatedAnnual report
「There has been no material change to the assumptions used in the accounting estimates concerning the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. The uncertainty surrounding these assumptions is high, and if the impact of COVID-19 exceeds the assumed range, it may affect future results.」
Although there has been no material change to the accounting assumptions concerning the impact of COVID-19, the Company continues to describe the uncertainty and the possibility of an impact on results. - FY2022-Q1RestatedAnnual report
「There has been no material change to the assumptions used in the accounting estimates concerning the impact of COVID-19 from those described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year. The uncertainty surrounding these assumptions is high, and if the impact of COVID-19 exceeds the assumed range, it may affect future results.」
While stating that there has been no material change to the accounting assumptions concerning COVID-19 containment and economic recovery, the Company continues to describe the uncertainty and the possibility of an impact on results. - FY2021ReframedAnnual report
「Although the economic recovery has stalled recently due to the resurgence of COVID-19, we assume that restrictions on economic activity will gradually be eased as vaccines become widespread and that the economy will move toward a gradual recovery by the end of the current consolidated fiscal year.」
The outlook has been updated from the previous assumption of COVID-19 containment and a recovery from the second half to one premised on a stalled near-term recovery due to the resurgence of COVID-19 and a gradual recovery accompanying the spread of vaccines. - FY2021-Q3RestatedAnnual report
「Although we expect the economic downturn to continue for the time being while states of emergency remain in effect in some regions due to the impact of COVID-19, we assume that the economy will gradually recover as additional economic measures take effect and vaccines become widespread. Based on these assumptions, the Group estimates default rates using economic forecasts and calculates expected losses. It also calculates loan-loss allowances by determining borrower classifications after assessing the impact on business conditions, taking into account the business models of borrowers and other factors.」
While stating that there has been no material change to the assumptions used in accounting estimates concerning the impact of COVID-19, the Company describes an economic downturn for the time being, a gradual recovery driven by additional measures and vaccines, and the high level of uncertainty. - FY2021-Q2RestatedAnnual report
「In making the above estimates, we assumed that COVID-19 would be contained broadly during the first half of fiscal 2020 and that the economy would gradually recover from the second half of fiscal 2020. There has been no material change to this assumption during the current interim consolidated accounting period. Although the situation remains unpredictable due to the impact of COVID-19, the pace of the spread of infections in Japan has been curbed to a certain extent, and we believe conditions are developing within the range initially assumed.」
There has been no material change to the accounting assumptions of COVID-19 containment and a gradual economic recovery from the second half, while stating that the impact remains within the initially assumed range and that uncertainty is high. - FY2021-Q1First statedAnnual report
「Regarding the timing of the containment of COVID-19, we assumed that it would occur broadly during the first half of fiscal 2020 and that the economy would gradually recover from the second half of fiscal 2020. There has been no material change to this assumption during the current first-quarter consolidated cumulative period. The uncertainty surrounding this assumption is high, and if the impact of COVID-19 exceeds the assumed range, it may affect future results.」
The Company assumes that COVID-19 will be contained during the first half of fiscal 2020 and that the economy will gradually recover from the second half, but discloses the high uncertainty and the possibility of an impact on results if conditions exceed expectations.