Assumption of recovery in railway usage based on COVID-19 vaccinations
First written in FY2022-Q1. 2 of 7 entries say "Restated". Latest entry: FY2023-Q3.
2 other companies' latest entry also says "Other".
- FY2023-Q3Updated the period covered by the recovery assumptionAnnual report
「Usage of railways and other services has declined due to the impact of COVID-19. Although it is difficult to reasonably predict when COVID-19 will subside, the company has made accounting estimates for its railway business on the assumption that average usage in the fourth quarter of the current consolidated fiscal year will remain at approximately 80% of fiscal 2018 levels, as socioeconomic activity becomes more active while measures against COVID-19 progress.」
While maintaining the recovery level of approximately 80% of fiscal 2018 levels, updated the accounting assumption to the average usage in the fourth quarter of the current consolidated fiscal year. - FY2023-Q2SoftenedAnnual report
「Taking into account the expected revitalization of socioeconomic activity as measures against COVID-19 progress, the company has prepared its accounting estimates for the railway business on the assumption that average usage during the third and fourth quarters of the current consolidated fiscal year will remain at approximately 80% of fiscal 2018 levels.」
Maintained the recovery level of approximately 80% of fiscal 2018 levels, while changing the recovery assumption from the third quarter alone to the average for the third and fourth quarters. - FY2023-Q1RestatedAnnual report
「Although it is difficult to reasonably predict when COVID-19 will subside, the company has prepared its accounting estimates for the railway business, taking into account the expected revitalization of socioeconomic activity as measures against COVID-19 progress, on the assumption that usage will recover to 80% of fiscal 2018 levels on average during the third quarter of the current consolidated fiscal year.」
Continued using the accounting assumption that railway use would recover to 80% of fiscal 2018 levels on average during the third quarter of the current consolidated fiscal year. - FY2022SoftenedAnnual report
「Although it is difficult to reasonably predict when COVID-19 will subside, the company has prepared its accounting estimates for the railway business, taking into account the expected revitalization of socioeconomic activity as measures against COVID-19 progress, on the assumption that usage will recover to 80% of fiscal 2018 levels on average during the third quarter of the following consolidated fiscal year.」
Maintained the numerical assumption that railway use would recover to 80% of fiscal 2018 levels, while postponing the assumed recovery period from the fourth quarter of the current consolidated fiscal year to the average for the third quarter of the following consolidated fiscal year. - FY2022-Q3RestatedAnnual report
「Although it is difficult to reasonably predict when COVID-19 will subside, the company has prepared its accounting estimates for the railway business on the assumption that usage will recover to 80% of fiscal 2018 levels during the fourth quarter of the current consolidated fiscal year.」
Continued using the accounting assumption that railway use would recover to 80% of fiscal 2018 levels during the fourth quarter of the current consolidated fiscal year. - FY2022-Q2Updated the assumption regarding the timing of recovery in usageAnnual report
「Although it is difficult to reasonably predict when COVID-19 will subside, the company has prepared its accounting estimates for the railway business, based on current conditions, on the assumption that usage will begin recovering around November and reach 80% of fiscal 2018 levels by the fourth quarter of the current consolidated fiscal year.」
Maintained the numerical assumption that railway use would recover to 80% of fiscal 2018 levels, while updating the assumptions so that recovery would begin around November and take place by the fourth quarter. - FY2022-Q1First statedAnnual report
「Although it is difficult to reasonably predict when COVID-19 will subside, the company has prepared its accounting estimates for the railway business on the assumption that usage will recover to 80% of fiscal 2018 levels by the third quarter of the current consolidated accounting period as infections gradually subside with the rollout of vaccinations.」
Based on the assumption that infections will subside as vaccinations progress, the company uses an accounting estimate assuming that railway use will recover to 80% of fiscal 2018 levels by the third quarter of the current consolidated accounting period.