Accounting estimates reflecting the impact of COVID-19
First written in FY2021-Q2. 7 of 11 entries say "Restated". Latest entry: FY2024.
Cosmos Initia moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The key assumptions are the expected average room rate, expected room occupancy rate and discount rate, based on business plans prepared for each hotel facility.」
The focus of the accounting estimates was shifted from the prior year's assumption that the impact of the pandemic would normalize to business plans based on each hotel's operating results, industry trends, room rates and occupancy rates. - FY2023ReframedAnnual report
「Economic activity is also returning to normal as restrictions are eased through measures such as revised classifications, and inbound demand is recovering as the number of foreign visitors to Japan increases. Accordingly, the impact is assumed to be limited.」
The assumption regarding the impact of the pandemic in the accounting estimates was revised from an expectation of normalization by the end of the fiscal year ending March 2023 to an assumption that the impact would be limited in light of eased restrictions and the recovery in inbound demand. - FY2023-Q2RestatedAnnual report
「The company assumes that the impact of COVID-19 will include operations in the accommodation business approaching pre-pandemic levels by the end of the fiscal year ending March 2023, while the impact on reporting segments other than the accommodation business will remain limited. There has been no material change from the end of the previous consolidated fiscal year.」
In the accounting estimates, the assumption remains that the lodging business will approach pre-pandemic occupancy levels by the end of the fiscal year ending March 2023, while the impact on the other reporting segments will be limited. - FY2023-Q1RestatedAnnual report
「The company assumes that the impact of COVID-19 will include operations in the accommodation business approaching pre-pandemic levels by the end of the fiscal year ending March 2023, while the impact on reporting segments other than the accommodation business will remain limited. There has been no material change from the end of the previous consolidated fiscal year.」
For accounting estimates, the company maintains the assumption that operations in the accommodation business will approach pre-pandemic levels by the end of the fiscal year ending March 2023 and that the impact on other segments will remain limited. - FY2022RestatedAnnual report
「The company assumes that a certain decline in operations in the accommodation business will continue, with operations approaching pre-pandemic levels by the end of the fiscal year ending March 2023, while the impact on business segments other than the accommodation business will remain limited.」
For accounting estimates concerning the impact of COVID-19, the company maintains the assumption that operations in the accommodation business will approach pre-pandemic levels by the end of the fiscal year ending March 2023 and that the impact on other businesses will remain limited. - FY2022-Q3RestatedAnnual report
「The company assumes that the impact of COVID-19 will include a continued certain decline in operations in the accommodation business, with operations approaching normal levels by the end of the fiscal year ending March 2023, while the impact on reporting segments other than the accommodation business will remain limited. There has been no material change from the end of the previous consolidated fiscal year.」
For accounting estimates concerning the impact of COVID-19, the company maintains the assumption that the accommodation business will largely return to normal by the end of the fiscal year ending March 2023 and that the impact on other segments will remain limited. - FY2022-Q2RestatedAnnual report
「The company assumes that the impact of COVID-19 will include a continued certain decline in operations in the accommodation business, with operations largely returning to normal by the end of the fiscal year ending March 2023, while the impact on reporting segments other than the accommodation business will remain limited. There has been no material change from the end of the previous consolidated fiscal year.」
For accounting estimates, the company maintains the assumption that the accommodation business will largely return to normal by the end of the fiscal year ending March 2023 and that the impact on other reporting segments will remain limited. - FY2022-Q1RestatedAnnual report
「The company assumes that the impact of COVID-19 will include a continued certain decline in operations in the accommodation business, with operations largely returning to normal by the end of the fiscal year ending March 2023, while the impact on reporting segments other than the accommodation business will remain limited. There has been no material change from the end of the previous consolidated fiscal year.」
For accounting estimates concerning the impact of COVID-19, the company maintains the assumption that the accommodation business will largely return to normal by the end of the fiscal year ending March 2023 and that the impact on other segments will remain limited. - FY2021SoftenedAnnual report
「The company assumes that a certain decline in operations in the accommodation business will continue and that operations will largely return to normal by the end of the fiscal year ending March 2023, while assuming that the impact on business segments other than the accommodation business will remain limited.」
Regarding the timing of normalization after the impact of COVID-19, the company stated that the accommodation business is assumed to return largely to normal by the end of the fiscal year ending March 2023, indicating a longer recovery period. - FY2021-Q3RestatedAnnual report
「The group performs accounting estimates, including the recoverability of deferred tax assets, impairment of fixed assets and valuation of inventories, based on information available when preparing the quarterly consolidated financial statements. There has been no material change from the end of the previous consolidated fiscal year in the accounting estimates concerning the impact of the spread of COVID-19.」
The company states that there has been no material change from the end of the previous fiscal year in accounting estimates, including those for deferred tax assets, impairment of fixed assets and inventory valuation, reflecting the impact of COVID-19. - FY2021-Q2First statedAnnual report
「The group performs accounting estimates, including the recoverability of deferred tax assets, impairment of fixed assets and valuation of inventories, based on information available when preparing the quarterly consolidated financial statements. It assumes that the impact of COVID-19 will continue to subside as steps toward normalizing economic activity continue, and that although some markets, including accommodation, are recovering more slowly, the business environment will approach pre-pandemic levels by the end of the fiscal year ending March 2021. There has been no material change from the end of the previous consolidated fiscal year in the accounting estimates concerning the impact of the spread of COVID-19.」
For accounting estimates, including the recoverability of deferred tax assets, impairment of fixed assets and inventory valuation, the company assumes that the business environment will approach pre-pandemic levels by the end of the fiscal year ending March 2021, and states that there has been no material change from the end of the previous fiscal year.