Accounting Estimates Based on Assumptions Regarding the Impact of COVID-19
First written in FY2020. 2 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 5 of 23 companies on the "Worse" side.
- FY2024Updated recovery assumption to fiscal 2024Annual report
「We assumed that operating revenue from the railway and bus businesses would recover to approximately the same level as before the spread of COVID-19 in fiscal 2024, partly due to the impact of fare revisions.」
The assumption used in accounting estimates for the recovery of operating revenue from the railway and bus businesses was updated from approximately 90% of the pre-pandemic level in fiscal 2023, as assumed in the previous fiscal year, to approximately the pre-pandemic level in fiscal 2024. - FY2023Updated the recovery assumption to fiscal 2023Annual report
「We assumed that the impact on domestic economic activity would diminish under the “with COVID-19” environment and that the new normal would continue, with operating revenue from the railway and bus businesses recovering to approximately 90% of the pre-pandemic level in fiscal 2023.」
The assumptions used in accounting estimates were updated from a recovery to approximately 85% of the pre-pandemic level to a recovery to approximately 90% in fiscal 2023. - FY2023-Q3RestatedAnnual 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 reconfirmed that there had been no material changes to the assumptions used in accounting estimates concerning when the pandemic would subside and other matters. - 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 reconfirmed that there had been no material changes to the assumptions used in accounting estimates concerning when the pandemic would subside and other matters. - FY2023-Q1SoftenedAnnual report
「It remains difficult to accurately predict the future spread of COVID-19 and when it will subside. However, in making accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets, we assumed that domestic economic activity would gradually recover toward the middle of fiscal 2022 as COVID-19 gradually subsides.」
The accounting estimates continue to assume a gradual recovery toward the middle of fiscal 2022, but no longer specify the previously stated recovery to approximately 85% of the pre-pandemic level or normalization from the second half of the fiscal year. - FY2022Updated the assumed recovery level for fiscal 2022Annual report
「Although a certain number of COVID-19 cases would continue to occur, we assumed that domestic economic activity would gradually recover toward the middle of fiscal 2022 and return to normal from the second half, and that operating revenue from the railway and bus businesses would recover to approximately 85% of the pre-pandemic level in fiscal 2022.」
The assumptions used in accounting estimates were updated to assume that economic activity would recover around the middle of fiscal 2022, return to normal from the second half, and that operating revenue from the railway and bus businesses would recover to approximately 85% of the pre-pandemic level. - FY2022-Q3Continued the assumed timing of the recoveryAnnual report
「We assumed that domestic economic activity would gradually recover toward fiscal 2022 as COVID-19 gradually subsides.」
For accounting estimates concerning the impact of the pandemic, the Company continued to assume that the domestic economy would gradually recover toward fiscal 2022. - FY2022-Q2Updated the assumed timing of the recoveryAnnual report
「It remains difficult to accurately predict the future spread of COVID-19 and when it will subside. However, in making accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets, we assumed that, as vaccination progressed, people would gradually become more active and that domestic economic activity would gradually recover from current levels toward fiscal 2022.」
The assumption concerning the impact of the pandemic used in accounting estimates is that, as vaccination and other measures progress, the domestic economy will gradually recover toward fiscal 2022. - FY2022-Q1Updated the assumption regarding the decline in the number of infectionsAnnual report
「It remains difficult to accurately predict the future spread of COVID-19 and when it will subside. However, in making accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets, we assumed that the number of COVID-19 cases would gradually decline toward March 2022.」
The assumption concerning the pandemic used in accounting estimates is that the number of infections will gradually decline toward March 2022. - FY2021Explicitly stated the assumed recovery level for fiscal 2021Annual report
「We assumed that, as vaccination progressed, people would gradually become more active and that operating revenue from the railway and bus businesses, which had declined due to the impact of COVID-19, would recover to approximately 80% of the pre-pandemic level in fiscal 2021, although the impact would continue for a certain period.」
For accounting estimates concerning the impact of the pandemic, the Company assumed that, on the premise of vaccination, operating revenue from the railway and bus businesses would recover to approximately 80% of the pre-pandemic level in fiscal 2021. - FY2021-Q3Deferred the assumed peak in the number of infectionsAnnual report
「There have been no material changes to the assumptions concerning the impact of COVID-19 described in the “Additional Information (Accounting Estimates Related to the Impact of COVID-19)” section of the annual securities report for the previous consolidated fiscal year. In making accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets, we assumed that January 2021 would be the peak in the number of COVID-19 cases and that the number of cases would gradually decline over a period beginning in February.」
The assumption concerning the impact of the pandemic used in accounting estimates was updated to assume that January 2021 would be the peak in the number of infections and that infections would gradually decline from February onward. - FY2021-Q2Explicitly stated the assumed peak of the recoveryAnnual report
「There have been no material changes to the assumptions described in the “Additional Information (Accounting Estimates Related to the Impact of COVID-19)” section of the annual securities report for the previous consolidated fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsiding. Although economic activity remained subject to certain restrictions during the fiscal year ending March 2021, we assumed that September 2020 would mark the peak of the impact of COVID-19 and that conditions would gradually recover thereafter. Based on this assumption, we made accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets.」
While stating that there had been no material changes to the assumptions concerning the impact of the pandemic, the Company treated September 2020 as the peak of the impact and reflected the assumption of a gradual recovery thereafter in its accounting estimates. - FY2021-Q1Change in the wording of the assumed timing of normalizationAnnual report
「There have been no material changes to the assumptions described in the “Additional Information (Accounting Estimates Related to the Impact of COVID-19)” section of the annual securities report for the previous consolidated fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsiding. For the fiscal year ending March 2021, we assumed that economic activity would remain subject to certain restrictions and gradually return to normal over a period beginning in June 2020. Based on this assumption, we made accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets.」
While stating that there had been no material changes to the assumptions concerning the impact of the pandemic, the Company described the start of normalization as “from June 2020” and reflected this assumption in estimates including impairment testing and the recoverability of deferred tax assets. - FY2020First statedAnnual report
「For the fiscal year ending March 2021, we assumed that economic activity would remain subject to certain restrictions and gradually return to normal over a period beginning in July 2020. Based on this assumption, we made accounting estimates including future cash flows used in impairment testing of fixed assets and the recoverability of deferred tax assets.」
For the impact of the pandemic, the accounting estimates for the fiscal year ending March 2021 assumed certain restrictions and a gradual return to normal from July 2020, and reflected these assumptions in impairment testing and the recoverability of deferred tax assets.