Estimating the Recoverability of Deferred Tax Assets Based on COVID-19 Assumptions
First written in FY2021-Q1. 5 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 5 of 22 companies on the "Worse" side.
- FY2026RestatedAnnual report
「At Kabuki-Za Co.,Ltd., accounting estimates regarding the recoverability of deferred tax assets are being made on the assumption that revenue from the real estate leasing business will remain stable. At 歌舞伎座サービス株式会社, accounting estimates are being made on the assumption of revenue from providing meals and selling boxed meals at theatre-related facilities, taking into account Shochiku Co.,Ltd.'s performance plans for the Kabuki-za Theatre and information published by the industry to which the company belongs.」
The estimates based on the continued stability of real estate leasing revenue and revenue from meal and boxed-meal sales, taking into account Shochiku's performance plans, have been reconfirmed. - FY2025RestatedAnnual report
「At Kabuki-Za Co.,Ltd., accounting estimates regarding the recoverability of deferred tax assets are being made on the assumption that revenue from the real estate leasing business will remain stable. At 歌舞伎座サービス株式会社, accounting estimates are being made on the assumption of revenue from providing meals and selling boxed meals at theatre-related facilities, taking into account Shochiku Co.,Ltd.'s performance plans for the Kabuki-za Theatre and information published by the industry to which the company belongs.」
The estimates based on the continued stability of real estate leasing revenue and revenue from meal and boxed-meal sales, taking into account Shochiku's performance plans, have been reconfirmed. - FY2024ReframedAnnual report
「At Kabuki-Za Co.,Ltd., accounting estimates regarding the recoverability of deferred tax assets are being made on the assumption that revenue from the real estate leasing business will remain stable. At 歌舞伎座サービス株式会社, accounting estimates are being made on the assumption of revenue from providing meals and selling boxed meals at theatre-related facilities, taking into account Shochiku Co.,Ltd.'s performance plans for the Kabuki-za Theatre and information published by the industry to which the company belongs.」
The estimates have changed from the previous assumption of when the effects of COVID-19 would subside to estimates based on the continued stability of real estate leasing revenue and revenue from meal and boxed-meal sales, taking into account Shochiku's performance plans. - FY2023SoftenedAnnual report
「At 歌舞伎座サービス株式会社, accounting estimates are being made on the assumption that the number of visitors, which had declined due to the impact of COVID-19, will recover during the following consolidated fiscal year and that revenue will gradually improve as the provision of meals at theatre-related facilities and boxed-meal sales recover, taking into account Shochiku Co.,Ltd.'s performance plans for the Kabuki-za Theatre and information published by the industry to which the company belongs.」
The basis has changed from an assumption of prolonged COVID-19 effects to one that visitor numbers and meal and boxed-meal sales will recover during the following consolidated fiscal year, with revenue gradually improving. - FY2022-Q3RestatedAnnual report
「At the end of the previous consolidated fiscal year, the company had assumed that economic activity would gradually recover by the end of the fiscal year ending February 2022. However, based on the subsequent spread of COVID-19 and its impact on the economic environment, the assumption was changed to one that the impact of the decline in revenue and other effects of COVID-19 would remain to a certain extent throughout the fiscal year ending February 2022, and accounting estimates regarding the recoverability of deferred tax assets and impairment of fixed assets were made accordingly.」
The accounting estimates based on the assumption that the impact of the decline in revenue and other effects of COVID-19 would remain to a certain extent throughout the fiscal year ending February 2022 have been reconfirmed. - FY2022-Q2SoftenedAnnual report
「At the end of the previous consolidated fiscal year, the company had assumed that economic activity would gradually recover by the end of the fiscal year ending February 2022. However, based on the subsequent spread of COVID-19 and its impact on the economic environment, the assumption was changed to one that the impact of the decline in revenue and other effects of COVID-19 would remain to a certain extent throughout the fiscal year ending February 2022, and accounting estimates regarding the recoverability of deferred tax assets and impairment of fixed assets were made accordingly.」
The assumption was changed from “gradual recovery by the end of the fiscal year ending February 2022” to one that the impact of the decline in revenue and other effects of COVID-19 would remain to a certain extent throughout the fiscal year ending February 2022. - FY2022-Q1RestatedAnnual report
「At the end of the first quarter of the current consolidated fiscal year, accounting estimates regarding the recoverability of deferred tax assets and impairment of fixed assets were made on the assumption that current conditions would continue through the second quarter (August 2021) and gradually subside thereafter.」
The basis for estimating the recoverability of deferred tax assets and impairment of fixed assets has been reconfirmed on the assumption that the impact of COVID-19 will continue through August 2021 and gradually subside thereafter. - FY2021SoftenedAnnual report
「At the end of the current consolidated fiscal year, accounting estimates regarding the recoverability of deferred tax assets and impairment of fixed assets were made on the assumption that conditions would remain unchanged through the second quarter (August 2021) and gradually subside thereafter.」
The estimates for the recoverability of deferred tax assets and impairment of fixed assets are based on the assumption that the impact of COVID-19 will remain unchanged through August 2021 and gradually subside thereafter. - FY2021-Q3RestatedAnnual report
「For revenue from restaurants, food-service operations and retail stores inside and outside the theatre, the company is making accounting estimates on the assumption that the impact of COVID-19 will continue through the fiscal year ending February 2021.」
The basis for making accounting estimates for revenue from restaurants, food-service operations and retail stores has been reconfirmed on the assumption that the impact of COVID-19 will continue through the fiscal year ending February 2021. - FY2021-Q2SoftenedAnnual report
「For revenue from restaurants, food-service operations and retail stores inside and outside the theatre, the company is making accounting estimates on the assumption that the impact of COVID-19 will continue through the fiscal year ending February 2021.」
The period affected in the estimates has been extended from the previous assumption that conditions would improve from August 2020 to the assumption that the impact of COVID-19 will continue through the fiscal year ending February 2021. - FY2021-Q1First statedAnnual report
「The suspension of Kabuki performances from March 2020 to prevent the spread of COVID-19 has had a material impact on the operation of the Group. For the circumstances in question, accounting estimates regarding the recoverability of deferred tax assets were made on the assumption that the impact of the suspension would continue through July 2020 but conditions would improve from August 2020 onward. There is also a possibility that future actual results will differ from these estimates and assumptions.」
The recoverability of deferred tax assets is being estimated on the assumption that the impact of suspended performances will continue through July 2020 and conditions will improve from August onward. The possibility that future actual results may differ from the assumptions is also stated.