Assumptions Regarding the Timing of COVID-19 Containment and Uncertainty in Accounting Estimates
First written in FY2020-Q2. 8 of 11 entries say "Restated". Latest entry: FY2024-Q1.
39 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There have been no material changes to the accounting estimates and the assumptions used in those estimates described under “Management's Analysis of Financial Position, Operating Results and Cash Flows” in the securities report for the previous fiscal year.」
The company states that there has been no material change from the previous fiscal year in the assumptions used for accounting estimates. - FY2022ReframedAnnual report
「The Group makes accounting estimates and judgments, including impairment testing of fixed assets and assessing the recoverability of deferred tax assets, based on the assumption that the impact of the COVID-19 pandemic will become minor, while increases in raw material prices and transportation costs resulting from the worsening Russia-Ukraine situation will continue for a certain period.」
The basis for the accounting estimates has been revised to factor in the expected reduction in the impact of the pandemic while incorporating the continued increase in raw material prices and transportation costs associated with the Russia-Ukraine situation. - FY2022-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 disclosed under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and recovery. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 disclosed under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and recovery. - FY2021RestatedAnnual report
「The company assumes that the spread of the disease will gradually subside due to policies adopted by countries, including booster vaccinations, and that the impact on social and economic activity will gradually recover toward the end of the next consolidated fiscal year」
The company continues to use the accounting assumption that social and economic activity will gradually recover toward the end of the next consolidated fiscal year due to booster vaccinations and other factors. - FY2021-Q3RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 disclosed under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and other factors. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 disclosed under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and other factors. - FY2021-Q1RestatedAnnual report
「There have been no material changes to the assumptions concerning the impact of the spread of COVID-19 disclosed under “Additional Information” in the securities report for the previous consolidated fiscal year.」
The company states that there has been no material change from the previous consolidated fiscal year in the assumptions used for accounting estimates regarding the timing of the end of the pandemic and other factors. - FY2020SoftenedAnnual report
「The company assumes that the spread of the disease will gradually subside due to the spread of vaccines and other factors, and that the impact on social and economic activity will gradually recover toward the end of the next consolidated fiscal year」
The basis for the accounting estimates has been changed from an assumption of recovery by the end of the current consolidated fiscal year to an assumption of gradual recovery toward the end of the next consolidated fiscal year, premised on the spread of vaccines. - FY2020-Q3RestatedAnnual report
「The Group makes accounting estimates and judgments, including impairment testing of fixed assets and assessing the recoverability of deferred tax assets, based on the assumption that the spread of COVID-19 will begin to subside by the end of the current consolidated fiscal year and that the impact on social and economic activity will gradually recover.」
The company uses the assumption that the pandemic will subside and social and economic activity will recover by the end of the current consolidated fiscal year. There has been no material change in this assumption since the end of the second quarter. - FY2020-Q2First statedAnnual report
「Although it is difficult to accurately predict when the spread of COVID-19 will end, the Group assumes that the spread of the disease will begin to subside after this summer and that the impact on social and economic activity will gradually recover. If actual developments subsequently diverge from these assumptions, the Group's financial position, operating results and cash flows may be affected.」
While stating that it is difficult to accurately predict when the pandemic will end, the company uses an accounting estimate based on the assumption that the pandemic will subside and recovery will begin after this summer, and for the first time specifically describes the possibility of financial impacts arising from divergence from actual developments.