Changes in Accounting Estimates and Recognition of Losses from the Spread of COVID-19
First written in FY2021-Q1. 4 of 8 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2023-Q3.
1 other company's latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「Losses associated with the spread of the infectious disease 152 －」
Losses from event cancellations and voluntary restrictions on store operations associated with the spread of the infectious disease were not recorded in the cumulative current quarter, compared with ¥152 million in the cumulative same period of the previous year. - FY2022MitigatedAnnual report
「Losses associated with the spread of the infectious disease: ¥175 million」
Losses from event cancellations and voluntary restrictions on store operations associated with the spread of the infectious disease decreased from ¥1,532 million in the previous fiscal year to ¥175 million. - FY2022-Q2MitigatedAnnual report
「Losses associated with the spread of the infectious disease: ¥1,417 million」
Fixed-cost losses from event cancellations and voluntary restrictions on store operations associated with the spread of the infectious disease decreased from ¥1,417 million in the same period of the previous year to ¥152 million on a cumulative basis for the current quarter. - FY2022-Q1MitigatedAnnual report
「Losses associated with the spread of the infectious disease: ¥150 million」
Fixed-cost losses from event cancellations and voluntary restrictions on store operations associated with the spread of the infectious disease decreased from ¥1,314 million in the same period of the previous year to ¥150 million in the current quarter. - FY2021AdvancedAnnual report
「Losses associated with the spread of the infectious disease: ¥1,532 million」
Fixed costs and other expenses associated with event cancellations and voluntary restrictions on store operations were recorded as ¥1,532 million in full-year losses associated with the spread of the infectious disease. - FY2021-Q3AdvancedAnnual report
「Losses associated with the spread of the infectious disease: ¥1,499 million」
Fixed costs and other expenses resulting from event cancellations and voluntary restrictions on store operations associated with the spread of the infectious disease were recorded as extraordinary losses totaling ¥1,499 million. Employment adjustment subsidies of ¥777 million were also recorded as extraordinary income. - FY2021-Q2AdvancedAnnual report
「Losses associated with the spread of the infectious disease: ¥1,417 million」
Fixed costs and other expenses resulting from event cancellations and voluntary restrictions on store operations associated with the spread of the infectious disease were recorded as extraordinary losses totaling ¥1,417 million. It was also stated that there had been no material changes to the assumptions regarding the impact of COVID-19 used in the accounting estimates. - FY2021-Q1First statedAnnual report
「In the previous consolidated fiscal year, we assumed a scenario in which the trend of reduced corporate advertising placements due to COVID-19 would continue through the first quarter of the current consolidated fiscal year and then recover. However, based on the impact of COVID-19 during the first quarter of the current consolidated fiscal year, we changed our accounting estimates based on a scenario in which the trend would continue through the second quarter and then recover. Losses associated with the spread of the infectious disease: ¥1,314 million」
The accounting assumption regarding the timing of recovery in advertising placements affected by COVID-19 was changed from the end of the first quarter to the end of the second quarter, and fixed costs and other expenses of ¥1,314 million associated with event cancellations and voluntary restrictions on store operations were recorded as extraordinary losses.