Changes in accounting estimates reflecting the prolonged COVID-19 pandemic
First written in FY2021-Q3. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The Group's significant accounting estimates incorporate passenger numbers in the railway business and the occupancy rate and average room rate of limited-service hotels as key assumptions.」
The company continues to use assumptions regarding the expected recovery in passenger numbers and hotel demand after the pandemic in estimating impairment of fixed assets and tax effects. - FY2023-Q2RestatedAnnual report
「There were no material changes to the assumptions, including the expected timing of the end of the COVID-19 pandemic, stated under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and other factors. - FY2022-Q1RestatedAnnual report
「There were no material changes to the assumptions, including the expected timing of the end of the COVID-19 pandemic, stated under “Significant Accounting Estimates” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and other factors. - FY2021-Q3First statedAnnual report
「At the end of the previous consolidated fiscal year, we had assumed that the impact of COVID-19 would end during the first half of fiscal 2020, that results would begin to recover in the second half, and that demand in fiscal 2021 would be at normal levels. However, in light of the subsequent infection situation and the continued inability to predict when the pandemic would end, we changed the assumption to one that, although conditions would gradually improve, the impact would continue for a certain period after the current consolidated fiscal year. Based on this revised assumption, we made accounting estimates for impairment of fixed assets and the recoverability of deferred tax assets.」
The assumption was changed from one in which the pandemic would end during the first half to one in which its impact would continue for a certain period after the current consolidated fiscal year, and estimates were made for impairment of fixed assets and the recoverability of deferred tax assets.