Delayed demand recovery due to structural changes in society, including the entrenchment of remote work
First written in FY2021-Q3. 3 of 5 entries say "Restated". Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions used in accounting estimates concerning demand recovery and structural changes in society. - FY2022-Q3RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions used in accounting estimates concerning demand recovery and structural changes in society. - FY2022-Q1RestatedAnnual report
「There have been no material changes from the previous consolidated fiscal year in the assumptions used in accounting estimates concerning the impact of COVID-19.」
The company stated that there had been no material changes from the previous consolidated fiscal year in the assumptions used in accounting estimates concerning demand recovery and structural changes in society. - FY2021WorsenedAnnual report
「Although it is currently extremely difficult to forecast when the effects of COVID-19 will subside from the next fiscal year onward, we assume that transportation-related mobility demand will gradually recover under certain restrictions, although it will not return fully to its previous level.」
The company explicitly stated that demand might not fully return to pre-COVID levels, while assuming a gradual recovery, thereby reinforcing the assumptions of delayed recovery and structural change. - FY2021-Q3First statedAnnual report
「In accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, we assume that demand reduced by the impact of COVID-19 will recover to a certain level during the current consolidated fiscal year, while the effects of structural changes in society, including the spread of remote work, will continue.」
The company assumes that demand will recover to a certain level during the fiscal year, while incorporating into its accounting estimates the assumption that the effects of structural changes in society, including the spread of remote work, will continue.