Estimating Future Cash Flows for Fixed-Asset Impairment Under the Impact of COVID-19
First written in FY2021-Q1. 10 of 17 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The company has made no material changes to the accounting estimates and the assumptions used in those estimates described in the section "Analysis of Financial Position, Operating Results and Cash Flows by Management" in the annual securities report for the previous fiscal year.」
The company states that there are no material changes to the accounting estimates or the assumptions used in those estimates. - FY2025Further specification of impairment assumptions; impairment continuedAnnual report
「During the current consolidated fiscal year, we assume that sales will increase to some extent through continued store openings centered on multi-format stores, the establishment of new formats, proactive overseas expansion and various initiatives to increase sales. Meanwhile, although concerns remain about adverse effects on domestic consumption from higher resource prices, the weakening yen and rice shortages, we will promote reforms to our expense structure and other measures to improve profitability. However, unforeseeable future events and other factors could cause actual amounts recognized to differ from the amounts estimated, and additional impairment losses may arise.」
The company incorporated continued store openings, new formats, overseas expansion, initiatives to increase sales and reforms to the expense structure into its impairment assumptions, while recognizing an impairment loss of ¥854 million and disclosing the possibility of additional losses. - FY2025-H1RestatedAnnual report
「The company has made no material changes to the accounting estimates and the assumptions used in those estimates described in the section "Analysis of Financial Position, Operating Results and Cash Flows by Management" in the annual securities report for the previous fiscal year.」
The company states that there are no material changes to the accounting estimates or the assumptions used in those estimates. - FY2024-Q2RestatedAnnual report
「The company has made no material changes to the accounting estimates and the assumptions used in those estimates described in the section "Analysis of Financial Position, Operating Results and Cash Flows by Management" in the annual securities report for the previous fiscal year.」
The company states that there are no material changes to the accounting estimates or the assumptions used in those estimates. - FY2024-Q1RestatedAnnual report
「The company has made no material changes to the accounting estimates and the assumptions used in those estimates described in the section "Analysis of Financial Position, Operating Results and Cash Flows by Management" in the annual securities report for the previous fiscal year.」
The company states that there are no material changes to the accounting estimates or the assumptions used in those estimates. - FY2023Recovery timing assumptions for impairment continued; impairment results updatedAnnual report
「During the current consolidated fiscal year, the impact of COVID-19 has continued, including through the declaration of a state of emergency and the implementation of priority preventive measures. We assume that sales will gradually return to levels in prior fiscal years toward the fiscal year ending March 2025 through various initiatives to increase sales. At the same time, we will promote reforms to our expense structure and other measures to improve profitability.」
As a future cash flow assumption for impairment of fixed assets, the company continues to assume a gradual recovery toward the fiscal year ending March 2025 in the timing of the return to levels in prior fiscal years. - FY2023-Q3RestatedAnnual report
「Regarding the assumptions used to calculate impairment losses on fixed assets, as described in the annual securities report for the previous fiscal year, the Group has made no material changes because, although sales are recovering, the operating environment remains challenging due to higher prices for raw materials, supplies and energy, and it has determined that the impact on future cash flows will be immaterial as a result of various initiatives.」
While recognizing the recovery trend in sales and higher prices for raw materials, supplies and energy, the company has made no material changes to the assumptions used to calculate impairment of fixed assets. - FY2023-Q2RestatedAnnual report
「Regarding the assumptions used to calculate impairment losses on fixed assets, as described in the annual securities report for the previous fiscal year, the Group has made no material changes because, although sales are recovering, the operating environment remains challenging due to higher prices for raw materials, supplies and energy, and it has determined that the impact on future cash flows will be immaterial as a result of various initiatives.」
While recognizing the recovery trend in sales and rising costs, the company has made no material changes to the assumptions used to calculate impairment losses. - FY2023-Q1RestatedAnnual report
「Regarding the assumptions used to calculate impairment losses on fixed assets, as described in the annual securities report for the previous fiscal year, the Group has made no material changes because, although sales are recovering, the operating environment remains challenging due to higher prices for raw materials, supplies and energy, and it has determined that the impact on future cash flows will be immaterial as a result of various initiatives.」
Although sales are recovering, the company recognizes higher prices for raw materials, supplies and energy. However, it has made no material changes to the assumptions used to calculate impairment losses. - FY2022Recovery assumptions changed to the fiscal year ending March 2025Annual report
「During the current consolidated fiscal year, the impact of COVID-19 has continued, including through the declaration of a state of emergency and the implementation of priority preventive measures. We assume that sales will gradually return to levels in prior fiscal years toward the fiscal year ending March 2025 through various initiatives to increase sales. At the same time, we will implement reforms to our expense structure and other measures.」
The company assumed a gradual recovery toward the fiscal year ending March 2025 as the timing for sales to return to pre-pandemic levels, incorporating initiatives to increase sales and reforms to the expense structure. - FY2022-Q3RestatedAnnual report
「The impact of COVID-19 continues. Although signs of an economic recovery began to emerge after the government lifted the state of emergency, the outlook remains uncertain due to the spread of the Omicron variant, and the company expects that recovering sales to pre-pandemic levels will take time. Accordingly, it changed the assumptions used in its accounting estimates, as described in the annual securities report for the previous consolidated fiscal year, to assume that sales will gradually recover toward fiscal 2023.」
The company continues to use the accounting estimate assumptions changed in the second quarter and expects sales to recover to pre-pandemic levels toward fiscal 2023. - FY2022-Q2Recovery assumptions changed to fiscal 2023Annual report
「The impact of COVID-19 continues. Although the government has lifted the state of emergency, the outlook remains uncertain, and the company expects that recovering sales to pre-pandemic levels will take time. Accordingly, it changed the assumptions used in its accounting estimates, as described in the annual securities report for the previous consolidated fiscal year, to assume that sales will gradually recover toward fiscal 2023.」
The company determined that recovering sales to pre-pandemic levels would take time and changed the assumed recovery timing used in its accounting estimates to recovery toward fiscal 2023. - FY2022-Q1RestatedAnnual report
「Regarding the assumptions used to calculate impairment losses on fixed assets, as described in the annual securities report for the previous fiscal year, the Group has made no material changes because, although states of emergency and priority preventive measures have been repeatedly declared and extended and sales are recovering gradually, it has determined that the impact on future cash flows will be immaterial as a result of various initiatives.」
Despite the continued state of emergency and related measures, the company states that there are no material changes to the previous fiscal year's impairment assumptions that sales will recover gradually and that the impact on future cash flows will be immaterial as a result of various initiatives. - FY2021Further specification of impairment assumptionsAnnual report
「The impact of COVID-19 continues, including through the declaration of a state of emergency and the implementation of priority preventive measures. Although we assume that business activities will be affected for approximately 3 years, we also assume that sales will gradually return to levels in prior fiscal years by March 2022 through various initiatives to increase sales. At the same time, we will implement reforms to our expense structure and other measures.」
For the future cash flow assumptions used in the impairment of fixed assets, the company assumed that the pandemic would affect the business for approximately 3 years and that sales would recover gradually toward March 2022. It also disclosed the possibility of additional impairment losses. - FY2021-Q3RestatedAnnual report
「The impact of COVID-19 continues. Although sales had been recovering gradually after the government lifted the state of emergency on 25 May 2020, the outlook remains uncertain, including because another state of emergency was declared on 7 January 2021. The company determined that recovering sales to pre-pandemic levels would take longer than initially expected and changed the assumptions used in its accounting estimates, as described in the annual securities report for the previous consolidated fiscal year, to assume that the pandemic would gradually subside by the end of the following consolidated fiscal year.」
Based on the changes to accounting estimate assumptions made in the second quarter, the company continues to disclose the prolonged impact of the pandemic and delayed sales recovery. - FY2021-Q2Changes in accounting estimate assumptionsAnnual report
「The impact of COVID-19 continues. Although sales have been recovering gradually since the government lifted the state of emergency, the outlook remains uncertain. The company has determined that recovering sales to pre-pandemic levels will take longer than initially expected and has changed the assumptions used in its accounting estimates, as described in the annual securities report for the previous consolidated fiscal year, to assume that the pandemic will gradually subside by the end of the following consolidated fiscal year.」
The company determined that recovering sales to pre-pandemic levels would take longer than initially expected and changed the assumptions used in its accounting estimates. - FY2021-Q1First statedAnnual report
「Regarding the assumptions used to calculate impairment losses on fixed assets, as described in the annual securities report for the previous fiscal year, the Group has made no material changes because it expects sales to recover gradually and, although a gradual recovery is also expected from the third quarter onward, it has determined that the impact on future cash flows will be immaterial due to cost improvements and other factors.」
Although a gradual recovery in sales is expected, the company has determined that the impact on future cash flows used to calculate impairment of fixed assets will be immaterial due to cost improvements and other factors, and has made no material changes to the assumptions for the previous fiscal year.