Accounting Estimates Assuming Recovery from COVID-19 Impact in Approximately Six Months
First written in FY2020. 12 of 17 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The timing and amount of taxable income may be affected by changes in future uncertain economic conditions. If the actual timing and amount differ from the estimates, this may have a material impact on the amounts recognized in the financial statements for the following fiscal year.」
The specific accounting assumption previously disclosed, that “the impact of COVID-19 would generally recover in approximately six months,” is no longer stated, and the disclosure has shifted to an explanation of uncertainty regarding general economic conditions. - FY2024RestatedAnnual report
「These estimates may be affected by future uncertain economic conditions and the Company’s operating conditions, as the impact of the spread of COVID-19 is expected to remain uncertain. If the timing and amount of taxable income differ from the estimates, this may have a material impact on the amount of deferred tax assets reported in the financial statements for the following fiscal year and thereafter.」
It continues to explain that the impact of COVID-19 remains uncertain and that, if the timing and amount of taxable income differ from the estimates, this could materially affect deferred tax assets. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes to the assumptions described in the annual securities report for the previous fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsidence.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes to the assumptions described in the annual securities report for the previous fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsidence.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2024-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no material changes to the assumptions described in the previous fiscal year’s annual securities report, including assumptions regarding how COVID-19 would spread and when it would subside.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes to the assumptions described in the annual securities report for the previous fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsidence.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes to the assumptions described in the annual securities report for the previous fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsidence.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2023-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no material changes to the assumptions described in the previous fiscal year’s annual securities report, including assumptions regarding how COVID-19 would spread and when it would subside.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2022RestatedAnnual report
「These estimates may be affected by future uncertain economic conditions and the Company’s operating conditions, as the impact of the spread of COVID-19 is expected to remain uncertain. If the timing and amount of taxable income differ from the estimates, this may have a material impact on the amount of deferred tax assets reported in the financial statements for the following fiscal year and thereafter.」
It continues to explain that the impact of COVID-19 remains uncertain and that, if the timing and amount of taxable income differ from the estimates, this could materially affect deferred tax assets. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes to the assumptions described in the annual securities report for the previous fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsidence.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes to the assumptions described in the annual securities report for the previous fiscal year, including assumptions regarding the future spread of COVID-19 and the timing of its subsidence.」
It states that there were no material changes to the accounting assumptions regarding the spread of COVID-19 and the timing of its subsidence. - FY2022-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no material changes to the assumptions described in the previous fiscal year’s annual securities report, including assumptions regarding how COVID-19 would spread and when it would subside.」
The company states that there have been no material changes to the previous fiscal year’s accounting assumptions concerning the spread of COVID-19 and the timing of its subsidence. - FY2021SoftenedAnnual report
「These estimates may be affected by future uncertain economic conditions and the Company’s operating conditions, as the impact of the spread of COVID-19 is expected to remain uncertain. If the timing and amount of taxable income differ from the estimates, this may have a material impact on the amount of deferred tax assets reported in the financial statements for the following fiscal year and thereafter.」
It states that the impact of COVID-19 remains uncertain and that, if the timing and amount of taxable income differ from the estimates, this could materially affect deferred tax assets, weakening the previous assumption of a recovery. - FY2021-Q3SoftenedAnnual report
「Subsequently, in February 2021, it was decided to extend the state of emergency in 10 prefectures and cities, making it difficult to predict when the spread of COVID-19 infections will subside. If the economic downturn is prolonged, it may have a material impact on the Company’s financial condition, operating results and cash flows.」
It states that, compared with the previous assumption of a recovery, the timing of the end of the pandemic is difficult to predict and that a prolonged economic downturn could materially affect the Company’s financial condition, operating results and cash flows. - FY2021-Q2More specific recovery assumptionsAnnual report
「Although the timing of the end of the COVID-19 pandemic remains unforeseeable, the company does not anticipate circumstances that would materially adversely affect economic activity, such as the declaration of another state of emergency due to a resurgence of infections, and assumes that the pandemic will gradually subside. Since the start of the second-quarter accounting period, sales and average spend per customer have recovered to levels above the previous year on both an existing-store and total-store basis, and the company expects the same trend to continue from the third quarter onward.」
Although the timing of the end of the pandemic remains unforeseeable, the company assumes no further state of emergency declarations and other such measures, a gradual subsidence of the pandemic, and a recovery trend in sales and average spend per customer. - FY2021-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no material changes to the assumptions described in the previous fiscal year’s annual securities report, including assumptions regarding how COVID-19 would spread and when it would subside.」
The company states that there have been no material changes to the previous fiscal year’s accounting assumptions concerning the spread of COVID-19 and the timing of its subsidence. - FY2020First statedAnnual report
「The company makes accounting estimates, including impairment accounting for fixed assets and the recoverability of deferred tax assets, based on information available when preparing the financial statements. With regard to the impact of COVID-19 on the company’s business, its accounting estimates are based on the assumption that the impact, including a decline in operating revenue, will generally recover within approximately six months.」
The company estimates impairment of fixed assets and the recoverability of deferred tax assets based on the assumption that the impact of COVID-19, including a decline in operating revenue, will generally recover within approximately six months.