Accounting Treatment Based on the Assumption That COVID-19 Will Subside and Demand Will Recover
First written in FY2021-Q1. 7 of 11 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「In estimating future cash flows for each store, the company establishes its assumptions based on projected future operating periods for each store, historical results such as average customer spend and customer visits, and business plans that reflect expected future increases in costs and energy costs.」
The explicit accounting assumption previously stated that the impact of the infection would continue through the end of the fiscal year is not presented in this annual report; instead, the information has been incorporated into business plans reflecting the market environment, average customer spend, customer visits, and costs and energy costs. - FY2023-Q3RestatedAnnual report
「While monitoring the external environment and economic trends and taking into account the impact of COVID-19 on business performance, the Group has calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them on the assumption that the impact will continue through the end of the current consolidated fiscal year.」
The company continues to account for the matter based on the assumption that the impact of the infection will continue through the end of the current consolidated fiscal year. - FY2023-Q2RestatedAnnual report
「While monitoring the external environment and economic trends and taking into account the impact of COVID-19 on business performance, the Group has calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them on the assumption that the impact will continue through the end of the current consolidated fiscal year.」
The company continues to account for the matter based on the assumption that the impact of COVID-19 will continue through the end of the current consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「While monitoring the external environment and economic trends and taking into account the impact of the infection on business performance, the Group has calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them on the assumption that the impact will continue through the end of the current consolidated fiscal year.」
The company continues to account for the matter based on the assumption that the impact of COVID-19 will continue through the end of the current consolidated fiscal year. - FY2022-Q3Another deferral of the expected timing of the subsiding impact of the infectionAnnual report
「During the third quarter of the current consolidated fiscal year, while monitoring the external environment and economic trends and taking into account the impact of the infection on business performance, the company calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them on the assumption that the impact would continue through the end of the following consolidated fiscal year.」
The company changed its previous assumption that the impact of the infection would continue through the end of the current consolidated fiscal year and accounted for the matter on the assumption that the impact would continue through the end of the following consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「While monitoring the external environment and economic trends and taking into account the impact of the infection on business performance, the Group has calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them on the assumption that the impact will continue through the end of the current consolidated fiscal year. This assumption is not materially different from the assumptions, including the expected timing of the subsiding impact of COVID-19, described in the additional information in the securities report for the previous consolidated fiscal year.」
The company continues to account for the matter based on the assumption that the impact of the infection will continue through the end of the current consolidated fiscal year, and explicitly states that there has been no material change from the previous consolidated fiscal year. - FY2022-Q1RestatedAnnual report
「While monitoring the external environment and economic trends and taking into account the impact of the infection on business performance, the Group has calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them on the assumption that the impact will continue through the end of the current consolidated fiscal year. This assumption is not materially different from the assumptions, including the expected timing of the subsiding impact of COVID-19, described in the additional information in the securities report for the previous consolidated fiscal year.」
The company continues to account for the matter based on the assumption that the impact of the infection will continue through the end of the current consolidated fiscal year, and explicitly states that there has been no material change from the previous consolidated fiscal year. - FY2021RestatedAnnual report
「In estimating future cash flows for each store, the company uses multiple key assumptions, including projected future operating periods for each store and revenue and operating profit trends based on the assumption that the impact of COVID-19 will continue into the following consolidated fiscal year, taking into account historical results such as average customer spend and customer visits.」
The company continues to use the assumption that the impact of the infection will continue into the following consolidated fiscal year in its accounting estimates, including impairment testing. - FY2021-Q3Further deferral of the expected timing of the subsiding impact of the infectionAnnual report
「During the third quarter of the current consolidated fiscal year, while monitoring the external environment and economic trends and taking into account the impact of the infection on business performance, the company revised its assumption regarding the timing of its subsiding, determining that it would be later than anticipated and that the impact would continue into the following consolidated fiscal year. Based on this revised assumption, the company calculated estimates for the recoverability of deferred tax assets and impairment of fixed assets and accounted for them accordingly.」
The company changed its previous assumption that the infection would subside by the end of the current consolidated fiscal year, revising it to assume that the impact would continue into the following consolidated fiscal year, and accounted for the matter accordingly. - FY2021-Q2RestatedAnnual report
「We do not anticipate circumstances such as the declaration of another state of emergency due to a further spread of the infection that would have a significant adverse effect on economic activity, and have accounted for the recoverability of deferred tax assets and impairment of fixed assets on the assumption that the situation will gradually subside by the end of the current consolidated fiscal year. This assumption is not materially different from the assumptions, including the expected timing of the subsiding impact of COVID-19, described in the additional information in the securities report for the previous consolidated fiscal year.」
The company has continued to account for the matter based on the assumption that the infection will gradually subside by the end of the fiscal year, and explicitly states that there has been no material change from the previous assumptions. - FY2021-Q1First statedAnnual report
「Although requests to refrain from going out are expected to have a certain impact for some time, the company assumed that demand would gradually recover from the second-quarter consolidated accounting period onward and that the pandemic would subside by the end of the fiscal year, and applied accounting treatment to the recoverability of deferred tax assets and impairment of fixed assets.」
The filing discloses that, while the impact of requests to refrain from going out continued, the company applied accounting treatment for deferred tax assets and impairment of fixed assets based on assumptions of demand recovery from the second quarter onward and the subsiding of the pandemic by the end of the fiscal year.