Accounting Estimates Incorporating the Impact of COVID-19

「Although it had become difficult to accurately predict when the infection would subside as of the end of the third quarter of the fiscal year, performance has gradually recovered since June 2020, following the lifting of the state of emergency in May 2020. The impact of reduced opportunities for travel, including changes in the behaviour of companies and individuals in response to the new lifestyle, is expected to continue beyond the third quarter of the fiscal year. However, we determined that the assumptions did not, at this point, require any material changes.」