Uncertainty in accounting estimates due to the prolonged COVID-19 pandemic
First written in FY2020. 1 of 2 entries say "Reframed", first in FY2022. Latest entry: FY2022.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2022ReframedAnnual report
「The company made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, on the assumption that the effects of the spread of COVID-19 would continue for a certain period during the fiscal year ending October 2023.」
The company updated the period covered by its accounting assumption that the effects of the pandemic would continue to the fiscal year ending October 2023, while continuing to identify uncertainty regarding impairment accounting and the recoverability of deferred tax assets. - FY2020First statedAnnual report
「The company made accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, on the assumption that the effects of the spread of COVID-19 would continue for a certain period during the fiscal year ending October 2021. Although the company determined that the effects would not be material at this time, estimates of the spread of COVID-19 and the timing of its containment involve considerable uncertainty, and actual results may differ from these estimates.」
The company stated that it estimated impairment and the recoverability of deferred tax assets on the assumption that the effects of the pandemic would continue for a certain period during the fiscal year ending October 2021, and that there was considerable uncertainty regarding the spread of the infection and the timing of its containment.