Assumptions Regarding the Subsiding of the COVID-19 Impact and Recovery in Operating Revenue
First written in FY2020-Q3. 12 of 17 entries say "Restated". Latest entry: FY2024.
- FY2024ReframedAnnual report
「Regarding future overseas travel demand, we assume that a gradual recovery will continue, referring to international passenger forecasts published by IATA (International Air Transport Association) and other sources.」
The disclosure has changed from the previous assumption concerning the timing of COVID-19 containment to an assumption for FY2024 that future overseas travel demand will recover gradually, based on IATA international passenger forecasts and other sources, in estimating the recoverability of deferred tax assets. - FY2024-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirmed that there had been no material changes from the previous fiscal year in accounting estimates or the assumptions underlying them. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It has been reconfirmed that there have been no significant changes from the previous fiscal year in the accounting estimates and related assumptions. This report does not repeat specific assumptions concerning the timing of COVID-19 containment or the recovery of operating revenue. - FY2023DroppedAnnual reportThe significant accounting estimates for FY2023 state that “there are no applicable matters,” and the accounting assumptions previously disclosed regarding the timing of COVID-19 containment and the recovery of operating revenue cannot be confirmed.
- FY2023-Q3RestatedAnnual report
「There have been no significant changes in the assumptions concerning the accounting estimates related to the impact of COVID-19 described under “Significant Accounting Estimates” in the annual securities report for the previous consolidated fiscal year.」
It has been reconfirmed that there have been no significant changes from the previous consolidated fiscal year in the accounting estimates and related assumptions concerning the impact of COVID-19. - FY2023-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It has been reconfirmed that there have been no significant changes from the previous fiscal year in the accounting estimates and assumptions concerning the impact of COVID-19. - FY2023-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It has been reconfirmed that there have been no significant changes from the previous fiscal year in the accounting estimates and related assumptions concerning the impact of COVID-19. - FY2022RestatedAnnual report
「Regarding overseas travel, the Ministry of Foreign Affairs announced on 26 September 2022 a review of border measures under which the cap on arrivals, previously set at approximately 50,000 people per day, would be lifted from 11 October 2022. We assume that this will mark the beginning of a full-scale recovery in overseas travel. In addition, based on international passenger demand forecasts from domestic airlines and IATA (International Air Transport Association), we assume that demand for overseas travel from Japan will recover to 90% of its pre-COVID level, the fiscal year ended September 2019, by the fiscal year ending September 2024.」
The assumption that overseas travel demand will begin to recover following the removal of the cap on arrivals and reach 90% of its pre-COVID level by the fiscal year ending September 2024 has been reconfirmed. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirmed that there had been no significant changes from the previous fiscal year in its accounting estimates and the underlying assumptions. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company reconfirmed that there had been no significant changes from the previous fiscal year in its accounting estimates and the underlying assumptions. - FY2022-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
It has been reconfirmed that there have been no significant changes from the previous fiscal year in the accounting estimates and assumptions concerning the impact of COVID-19. - FY2021AdvancedAnnual report
「In Japan, there is a possibility that another state of emergency will be declared due to the spread of new variants, while economic activity is also expected to normalize as the vaccination rate rises. Accordingly, we assume that domestic travel broadly comparable to pre-COVID levels will become possible during the fiscal year ending September 2022. We also assume that overseas travel will resume from the end of 2021 through the first half of 2022 through the use of so-called vaccine passports and negative-test certificates. As for the recovery in overseas travel, we assume that demand for overseas travel from Japan will recover to 90% of its pre-COVID level, the fiscal year ended September 2019, by the fiscal year ending September 2024.」
The assumptions regarding the containment and recovery from the impact of COVID-19 have been made more specific: domestic travel is assumed to normalize during the fiscal year ending September 2022, overseas travel is assumed to resume from the end of 2021 through the first half of 2022, and overseas travel demand is assumed to recover to 90% of its pre-COVID level by the fiscal year ending September 2024. - FY2021-Q3RestatedAnnual report
「During the period, circumstances changed, including the issuance of a second state of emergency declaration, while COVID-19 vaccinations also began in Japan. However, we assume that as vaccinations progress, overseas tours will become operable from some countries during 2021. Thereafter, we assume that the number of overseas tours operated by our group will gradually increase.」
The assumption that overseas tours will become operable from some countries during 2021, followed by a gradual increase in tours, has been reconfirmed. The assumption is based on changing circumstances, including the start of COVID-19 vaccinations, and is not a definitive plan. - FY2021-Q2SoftenedAnnual report
「The previous year's financial statements were based on the assumption that overseas tours could resume by the first half of 2021. In light of subsequent developments, the current assumptions are as follows. Overseas tours currently cannot be operated anywhere in the world, but the company assumes that tours will become possible from some countries during 2021, followed by a gradual increase in the number of overseas tours operated by the group.」
The assumption for the resumption of overseas tours has been pushed back from “by the first half of 2021” to “during 2021.” After resumption, the number of tours operated is assumed to increase gradually. - FY2021-Q1RestatedAnnual report
「Regarding the inability to operate overseas tours worldwide, the company assumes that tours will become possible in some countries in the first half of 2021 and that overseas travel will become possible in a form close to normal in the first half of 2022.」
The company reconfirmed its accounting assumptions regarding the resolution of COVID-19: tours will become possible in some countries in the first half of 2021, and overseas travel close to normal will become possible in the first half of 2022. - FY2020RestatedAnnual report
「Regarding the inability to operate overseas tours worldwide, the company assumes that tours will become possible in some countries in the first half of 2021 and that overseas travel will become possible in a form close to normal in the first half of 2022.」
Although the company stated that a definitive plan was difficult, it used accounting estimates based on the assumptions that tours would become possible in some countries in the first half of 2021 and that overseas travel close to normal would become possible in the first half of 2022. - FY2020-Q3First statedAnnual report
「The group operates in an environment in which it is difficult to formulate definitive plans regarding the spread and timing of the resolution of COVID-19. However, it assumes that operating revenue will gradually recover from the fourth quarter of the fiscal year ending September 2020 and that the effects of COVID-19 will subside during the fiscal year ending September 2022.」
Although the company stated that it was difficult to formulate a definitive plan regarding when COVID-19 would subside, it prepared accounting estimates based on the assumption that operating revenue would gradually recover from the fourth quarter of the fiscal year ending September 2020 and that the effects would subside during the fiscal year ending September 2022.