Assumptions Underlying Accounting Estimates in Light of COVID-19
First written in FY2021-Q1. 9 of 13 entries say "Restated". Latest entry: FY2025.
The Kiyo Bank moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 3 of 36 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Although normalization of socioeconomic activity following the COVID-19 pandemic has progressed substantially since COVID-19 was reclassified as a Class 5 infectious disease, the Company assesses that receivables from certain borrowers continue to carry high credit risk based on their financial condition.」
The approach changed from accounting estimates based on the overall impact of the pandemic to provisions for certain borrowers whose credit risk remains high even after normalization. - FY2025-H1RestatedAnnual report
「There have been no material changes during the current interim consolidated accounting period. There have also been no material changes in the assumptions used in accounting estimates concerning the impact of COVID-19.」
It has been reconfirmed that there have been no material changes in accounting estimates or the assumptions concerning the impact of COVID-19. - FY2024-Q3RestatedAnnual report
「There have been no material changes during the cumulative third quarter of the current consolidated fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19, compared with the information described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company reconfirmed that there had been no material changes from the previous fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2024-Q2RestatedAnnual report
「There have been no material changes during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes in the assumptions used in accounting estimates concerning the impact of COVID-19.」
It has been reconfirmed that there have been no material changes in accounting estimates or the assumptions concerning the impact of COVID-19. - FY2023Continuation of precautionary provisions for loan losses for borrowers affected by the pandemicAnnual report
「As a result, the Company recorded a precautionary allowance for loan losses of ¥2,900 million for the current consolidated fiscal year.」
A precautionary allowance for loan losses of ¥2.9 billion was recorded for borrowers affected by COVID-19. - FY2023-Q3RestatedAnnual report
「There have been no material changes during the cumulative third quarter of the current consolidated fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19, compared with the information described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
It was reconfirmed that there had been no material changes from the previous fiscal year in the assumptions underlying accounting estimates concerning the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes in the assumptions used in accounting estimates concerning the impact of COVID-19.」
It was reconfirmed that there had been no material changes from the previous fiscal year in accounting estimates or the assumptions concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes during the first quarter of the current consolidated cumulative period in the assumptions used in accounting estimates concerning the impact of COVID-19 from the information described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company reconfirmed that there had been no material changes from the previous fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19. - FY2022-Q1RestatedAnnual report
「There have been no material changes during the first quarter of the current consolidated cumulative period from the information described under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company has reconfirmed that there have been no material changes from the previous consolidated fiscal year to the assumptions underlying accounting estimates concerning the impact of COVID-19. - FY2021Assumptions specified regarding when the pandemic will subside and the duration of its impactAnnual report
「The company assumes that the COVID-19 pandemic will subside by March 2022, but that its impact on economic activity will continue for a certain period.」
The company stated the accounting assumptions that the COVID-19 pandemic would subside by March 2022 and that its impact on economic activity would continue for a certain period. - FY2021-Q3RestatedAnnual report
「Although it is difficult to predict when the COVID-19 pandemic will subside, the company had assumed that socioeconomic activity would recover toward the second half of the fiscal year. It expects a temporary decline following the reissuance of the state of emergency, but assumes that the recovery trend will continue. Accordingly, there have been no material changes in the assumptions used in accounting estimates from those described under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company stated that it expected a temporary decline following the reissuance of the state of emergency, while assuming that the recovery trend in socioeconomic activity would continue, and that there had been no material changes in the assumptions underlying accounting estimates. - FY2021-Q2RestatedAnnual report
「Although it is difficult to predict when the COVID-19 pandemic will subside, signs of a recovery in socioeconomic activity have emerged to some extent. However, as the outlook remains uncertain, there have been no material changes in the assumptions used in accounting estimates from those described under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company stated that it was difficult to predict when the COVID-19 pandemic would subside and that the outlook remained uncertain, while noting that there had been no material changes in the assumptions used in accounting estimates. - FY2021-Q1First statedAnnual report
「There have also been no material changes in the assumptions used in accounting estimates concerning the impact of COVID-19.」
The company stated that there had been no material changes from the previous fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19.