Accounting Estimates Based on Assumptions Regarding COVID-19
First written in FY2020. 7 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026ReframedAnnual report
「In the current consolidated fiscal year, indicators of impairment were identified at certain locations in the logistics services and mobility services businesses because changes in the use of some locations are expected following decisions to restructure the businesses in response to changes in the operating environment.」
The explanation has shifted from accounting estimates based on assumptions regarding the infectious disease to estimates of future cash flows reflecting business restructuring, changes in the use of locations, foreign exchange rates and consumer trends. - FY2023ReframedAnnual report
「We believe that the assumptions used in determining whether to recognize impairment losses on fixed assets are reasonable. However, if changes in business assumptions that cannot be predicted in the future, such as a renewed spread of COVID-19, require these assumptions to be revised when estimating undiscounted future cash flows, impairment losses may be recognized in the next consolidated fiscal year.」
The explanation has shifted from previous accounting estimates based on assumptions regarding when the infectious disease would subside to assumptions about future cash flows in impairment testing for fixed assets and the risk of a renewed spread of the infectious disease. - FY2022-Q3RestatedAnnual report
「Although results for the first nine months of the current consolidated fiscal year continued to be affected by the global spread of COVID-19, they remained on a recovery trend. As described in the additional information in the securities report for the previous consolidated fiscal year, no material changes were made to the accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.」
The company indicates that results are recovering despite the impact of the infectious disease and considers that there have been no material changes in its estimates for impairment of fixed assets or the recoverability of deferred tax assets. - FY2022-Q2RestatedAnnual report
「Although results for the first six months of the current consolidated fiscal year continued to be affected by the global spread of COVID-19, they remained on a recovery trend. As described in the additional information in the securities report for the previous consolidated fiscal year, no material changes were made to the accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.」
The company indicates that results are recovering despite the impact of the infectious disease and considers that there have been no material changes in its estimates for impairment of fixed assets or the recoverability of deferred tax assets. - FY2022-Q1RestatedAnnual report
「Although results for the first three months of the current consolidated fiscal year continued to be affected by the global spread of COVID-19, they remained on a recovery trend. As described in the additional information in the securities report for the previous consolidated fiscal year, no material changes were made to the accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.」
The company indicates that results are recovering despite the impact of the infectious disease and considers that there have been no material changes in its accounting estimates for impairment of fixed assets or the recoverability of deferred tax assets. - FY2021RestatedAnnual report
「Although results for the current consolidated fiscal year continued to be affected by the global spread of COVID-19, they remained on a recovery trend. No material changes were made from the estimates performed at the end of March 2020 with respect to accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.」
The company has assumed that results are recovering despite the impact of the infectious disease and has not changed its estimates for impairment of fixed assets or the recoverability of deferred tax assets. - FY2021-Q3RestatedAnnual report
「Although results for the first nine months of the current fiscal year continued to be affected by the global spread of COVID-19, they remained on a recovery trend. No material changes were made from the estimates performed at the end of March 2020 with respect to accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.」
The company indicates that results are recovering despite the impact of the infectious disease and has not changed its accounting estimates for impairment of fixed assets or the recoverability of deferred tax assets. - FY2021-Q2RestatedAnnual report
「Although results for the first six months of the current fiscal year continued to be affected by the global spread of COVID-19, they remained on a recovery trend. No material changes were made from the estimates performed at the end of March 2020 with respect to accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets.」
The company indicates that results are recovering despite the impact of the infectious disease and has not changed its accounting estimates for impairment of fixed assets or the recoverability of deferred tax assets from the previous estimates. - FY2021-Q1RestatedAnnual report
「Although results for the first quarter of the current fiscal year remained weak due to the impact on economic activity from the global spread of COVID-19, accounting estimates, including impairment of fixed assets and the recoverability of deferred tax assets, were made on the assumption that normal economic activity would resume by around September 2020. No material changes were made from the estimates performed at the end of March 2020.」
The company continues to use the accounting assumption that normal economic activity will resume by around September 2020 in assessing the impact of COVID-19, and states that there have been no material changes in its estimates for impairment of fixed assets or the recoverability of deferred tax assets. - FY2020First statedAnnual report
「Regarding the impact of COVID-19, accounting estimates, including the assessment of impairment losses on fixed assets and the recoverability of deferred tax assets, were made on the assumption that the spread of the infection would bottom out by June 2020 and that normal social and economic activity would resume by around September 2020.」
The company established specific assumptions regarding when the infectious disease would subside and used them in estimating impairment of fixed assets and the recoverability of deferred tax assets.