Accounting Estimates Reflecting the Impact of COVID-19
First written in FY2021-Q2. 7 of 9 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
- FY2024-Q2RestatedAnnual report
「There has been no material change from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the previous fiscal year's annual securities report.」
The company reconfirms that there have been no material changes from the previous consolidated fiscal year in the assumptions underlying accounting estimates, including the timing of the end of the COVID-19 pandemic. - FY2024-Q1RestatedAnnual report
「There has been no material change from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the previous fiscal year's annual securities report.」
The company reconfirms that there have been no material changes from the previous consolidated fiscal year in the assumptions underlying accounting estimates, including the timing of the end of the COVID-19 pandemic. - FY2023RestatedAnnual report
「In estimating future cash flows related to accommodation facilities, the company assumed that demand for accommodation would recover gradually and reach approximately pre-pandemic levels during fiscal 2024.」
The company continues to assume for accounting purposes that hotel demand will recover to approximately pre-pandemic levels during fiscal 2024. - FY2023-Q2RestatedAnnual report
「There has been no material change from the previous consolidated fiscal year in the assumptions, including the expected timing of the end of the COVID-19 pandemic, described under “Significant Accounting Estimates” in the previous fiscal year's annual securities report.」
The company reconfirms that there have been no material changes from the previous consolidated fiscal year in the assumptions underlying accounting estimates, including the timing of the end of the COVID-19 pandemic. - FY2022RestatedAnnual report
「In estimating future cash flows related to accommodation facilities, the company assumed that demand for accommodation would recover gradually and reach approximately pre-pandemic levels during fiscal 2024.」
The company continues to make accounting estimates based on the assumption that the impact of the pandemic will gradually recover after continuing for a certain period, and assumes that hotel demand will recover during fiscal 2024. - FY2022-Q3RestatedAnnual report
「The company assumed that the impact of the spread of COVID-19 would continue for a certain period after the current consolidated fiscal year but would gradually recover toward containment, and made accounting estimates concerning future cash flows in impairment accounting for property, plant and equipment and the recoverability of deferred tax assets.」
The company continues to make accounting estimates based on the assumption that the impact of the pandemic will continue for a certain period while conditions gradually recover. - FY2022-Q1RestatedAnnual report
「The spread of COVID-19 has had a significant impact on our Group’s business activities, including a decline in foreign visitors to Japan and requests for people to refrain from going out. For the current consolidated fiscal year, the company assumed that the impact of the spread of COVID-19 would continue for a certain period after the current consolidated fiscal year but would gradually recover toward containment, and made accounting estimates concerning future cash flows in impairment accounting for property, plant and equipment and the recoverability of deferred tax assets.」
The company continues to make estimates concerning impairment of property, plant and equipment and the recoverability of deferred tax assets on the assumption that the impact of the pandemic will continue for a certain period after the current consolidated fiscal year but will gradually recover. - FY2021-Q3RaisedAnnual report
「However, for certain hotel and department-store businesses with high inbound demand, the company revised its assumption to reflect that the impact of the spread of COVID-19 would continue for a certain period after the current consolidated fiscal year.」
The accounting assumption regarding the duration of the impact of COVID-19 was expanded from certain hotel businesses to department-store businesses with high inbound demand. - FY2021-Q2First statedAnnual report
「During the current consolidated fiscal year, although the impact of the spread of COVID-19 was expected to continue for a certain period, the company assumed that conditions would gradually recover toward containment and made accounting estimates concerning future cash flows in impairment accounting for property, plant and equipment and the recoverability of deferred tax assets. However, for certain hotel businesses with particularly high inbound demand, the company revised its assumption to reflect that the impact of the spread of COVID-19 would continue for a certain period after the current consolidated fiscal year.」
The company estimated impairment losses and the recoverability of deferred tax assets on the assumption that the impact of the pandemic would continue for a certain period before gradually recovering. It also revised its assumption regarding the duration of the impact for certain hotels with high inbound demand.