Application of the Accounting Standard for Disclosure of Accounting Estimates
First written in FY2021. 4 of 6 entries say "Advanced", first in FY2023. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「The key assumption used to calculate shipping revenue from voyages in progress at the end of the fiscal year was the number of days required for voyages between ports after the end of the fiscal year. The number of days required for voyages between ports after the end of the fiscal year was calculated based on planned route distances and planned vessel speeds.」
For the accounting estimate, the Company specified the number of days required for voyages between ports, calculated from planned route distances and planned vessel speeds, as the key assumption for shipping revenue of ¥400.972 million from voyages in progress. - FY2024AdvancedAnnual report
「The Company charters its vessel 第二十一いづみ丸 to an external charterer. During the current fiscal year, the Company agreed with the charterer to extend the charter period to 20 years. Following this agreement, the Company determined that the useful life should also be 20 years and changed it from the previous 14 years. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the current fiscal year increased by ¥10.589 million each.」
Following the agreement to extend the charter period for 第二十一いづみ丸 to 20 years, the useful life was changed from 14 years to 20 years. The change in accounting estimate increased operating income and other items by ¥10.589 million each. - FY2024-Q3AdvancedAnnual report
「The Company charters its vessel 第二十一いづみ丸 to an external charterer. During the third quarter of the current fiscal year, the Company agreed with the charterer to extend the charter period to 20 years. Following this agreement, the Company determined that the useful life should also be 20 years and changed it from the previous 14 years. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the first 3 quarters of the current fiscal year increased by ¥4.235 million each.」
Following the extension of the charter period for 第二十一いづみ丸, the useful life was changed from 14 years to 20 years. This change in accounting estimate increased operating income, ordinary income and profit before income taxes by ¥4.235 million each. - FY2023AdvancedAnnual report
「Shipping revenue from voyages in progress at the end of the fiscal year ¥261.759 million」
For significant estimates related to revenue recognition, the Company has specifically disclosed shipping revenue of ¥261.759 million from voyages in progress and the method used to calculate the percentage of completion based on planned route distances and planned vessel speeds. - FY2022-Q2RestatedAnnual report
「Under these circumstances, based on information from external sources and other information, the Company is examining the going-concern assumption, impairment of fixed assets and the recoverability of deferred tax assets, among other matters, on the assumption that the circumstances will continue for a certain period, with adjustments made to that assumption for certain items. However, future uncertainty could cause actual results to differ.」
The Company continues to assess the going-concern assumption, impairment of fixed assets and the recoverability of deferred tax assets based on the assumption, informed by external information, that the circumstances will continue for a certain period, with adjustments made for certain items. - FY2021First statedAnnual report
「We have applied the Accounting Standard for Disclosure of Accounting Estimates (ASBJ Statement No. 31, dated 31 March 2020) to the consolidated financial statements for the fiscal year-end and have included notes on significant accounting estimates.」
Beginning with the consolidated financial statements for the end of the current fiscal year, the Company has applied the disclosure requirements for accounting estimates and disclosed impairment of fixed assets, deferred tax assets and the going-concern assessment as significant estimates.