Accounting Estimates and Recovery Assumptions in Light of the Impact of COVID-19
First written in FY2021-Q3. 4 of 7 entries say "Softened", first in FY2021. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2023-Q3RestatedAnnual report
「Taking into account the impact of each business on results during the first 3 quarters of the current consolidated fiscal year, the Group made accounting estimates based on the assumption that the impact of COVID-19 would continue to a certain extent during fiscal 2022.」
The accounting estimate for the period during which the impact of COVID-19 will continue remains “during fiscal 2022,” as in the previous quarter. - FY2023-Q1SoftenedAnnual report
「Taking into account the impact of each business on results during the first quarter of the current consolidated fiscal year, the Group made accounting estimates based on the assumption that the impact of COVID-19 would continue to a certain extent during fiscal 2022.」
The stated period for which the impact of COVID-19 is expected to continue in the accounting estimates has changed from the previous “from fiscal 2022 onward” to “during fiscal 2022.” - FY2022SoftenedAnnual report
「Taking into account the impact of each business on results for the current fiscal year, the Group made accounting estimates based on the assumption that the impact of COVID-19 would continue to a certain extent from fiscal 2022 onward.」
The assumption has been changed to state that the impact of COVID-19 will continue from fiscal 2022 onward, pushing the expected recovery further out. - FY2022-Q2RestatedAnnual report
「In preparing quarterly consolidated financial statements, the Group makes various accounting estimates based on available forecasts and other information from external research institutions, taking into account the impact on the performance of each business during the cumulative second-quarter period, and assumes that the impact of COVID-19 will continue to some extent during fiscal 2021.」
The accounting assumption that the impact of COVID-19 will continue to some extent during fiscal 2021 has been maintained. - FY2022-Q1SoftenedAnnual report
「In preparing quarterly consolidated financial statements, the Group makes various accounting estimates based on available forecasts and other information from external research institutions, taking into account the impact on the performance of each business during the cumulative first-quarter period, and assumes that the impact of COVID-19 will continue to some extent during fiscal 2021.」
The assumption regarding the impact of COVID-19 has changed from the previous assumption that “performance will gradually recover from fiscal 2021 onward” to an assumption that the impact will continue to some extent during fiscal 2021. - FY2021SoftenedAnnual report
「In preparing consolidated financial statements, the Group makes various accounting estimates based on available forecasts and other information from external research institutions, taking into account the impact on the performance of each business for the current consolidated fiscal year, and assumes that performance will gradually recover from fiscal 2021 onward.」
The recovery assumption has changed from “toward the end of fiscal 2020” at the quarterly reporting date to “from fiscal 2021 onward,” pushing the expected recovery further out. - FY2021-Q3First statedAnnual report
「In preparing quarterly consolidated financial statements, the Group makes various accounting estimates based on available forecasts and other information from external research institutions, taking into account the impact on the performance of each business through the nine-month period of the fiscal year, and assumes that performance will gradually recover toward the end of fiscal 2020.」
With respect to the impact of COVID-19, the Group refers to external forecasts and other information and uses the accounting assumption that performance will gradually recover toward the end of fiscal 2020.