Impairment and deferred tax asset assessment based on an assumed decline in the number of events held
First written in FY2021-Q1. 1 of 6 entries say "Restated". Latest entry: FY2024.
Cerespo moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 3 of 9 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The estimates of future cash flows used in calculating value in use were based on the medium-term management plan, budgets, and other information. Estimates of future taxable income were also based on the medium-term management plan, budgets, and other information.」
The disclosure has been reorganized from an assumption of a decline in the number of events held due to infectious disease to an assessment of impairment of property, plant and equipment and the recoverability of deferred tax assets using estimates of future cash flows and taxable income based on the medium-term management plan and budgets. - FY2022Disclosed accounting estimates based on full-year resultsAnnual report
「During the fiscal year, the company recorded an impairment loss of ¥5,519 thousand, using value in use as the recoverable amount. The estimates of future cash flows used in calculating value in use were based on the medium-term management plan, budgets, and other information.」
Regarding the assessment of property, plant and equipment using estimates of future cash flows based on the medium-term management plan and budgets, the company disclosed that it recorded an impairment loss of ¥5,519 thousand during the fiscal year. - FY2022-Q1RestatedAnnual report
「In light of these effects, the company made accounting estimates, including the determination and assessment of impairment of property, plant and equipment and the recoverability of deferred tax assets, based on the assumption that the situation would gradually recover in the fiscal year ending March 2022.」
In light of the impact of COVID-19, the company has continued making accounting estimates to assess impairment of property, plant and equipment and the recoverability of deferred tax assets, among other matters, based on the assumption of a gradual recovery in the fiscal year ending March 2022. - FY2021Added the assumption that a large-scale international sporting event would be heldAnnual report
「Despite these effects, the company made accounting estimates, including the determination and assessment of impairment of property, plant and equipment and the recoverability of deferred tax assets, based on the assumption that the number of events held would gradually recover in the fiscal year ending March 2022 and that a large-scale international sporting event would be held during that fiscal year.」
In addition to accounting estimates based on an assumed decline in the number of events held in the fiscal year ending March 2021, the company assumed that the number would gradually recover in the fiscal year ending March 2022 and that a large-scale international sporting event would be held during that fiscal year. - FY2021-Q3Added the assumption of recovery in 2022Annual report
「In light of these effects, the company made accounting estimates, including the determination and assessment of impairment of property, plant and equipment and the recoverability of deferred tax assets, based on the assumption that the number of events held would decline in the fiscal year ending March 2021 and gradually recover in the fiscal year ending March 2022.」
Regarding accounting estimates based on an assumed decline in the number of events held, the company specified a time-based assumption that the number would decline in the fiscal year ending March 2021 and gradually recover in the fiscal year ending March 2022. - FY2021-Q1First statedAnnual report
「Many events have been canceled or curtailed due to the spread of COVID-19 and other factors. In addition, requests have been made by government-related authorities, and many people have continued to refrain from going out, making it difficult to predict when the situation will subside. In light of these effects, the company made accounting estimates, including the determination and assessment of impairment of property, plant and equipment and the recoverability of deferred tax assets, based on the assumption that the number of events held would decline in the fiscal year ending March 2021.」
In light of the impact of COVID-19, the company independently disclosed for the first time that it was making accounting estimates regarding impairment of property, plant and equipment and the recoverability of deferred tax assets, among other matters, based on the assumption that the number of events held would decline in the fiscal year ending March 2021.