Increase in Liabilities Due to a Change in the Estimate for Asset Retirement Obligations
First written in FY2025. . Latest entry: FY2025.
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
22 other companies' latest entry also says "First stated".
- FY2025First statedAnnual report
「During the current consolidated fiscal year, we revised our estimates of restoration costs and the expected period of use relating to asset retirement obligations recognized for the Company’s real estate lease agreements, based on newly obtained information. The ¥375,103 thousand increase resulting from the change in estimate was added to the balance of asset retirement obligations before the change. As a result of the change, operating income, ordinary income and income before income taxes declined by ¥16,684 thousand during the current consolidated fiscal year.」
Based on new information, estimates of restoration costs and the expected period of use were revised, resulting in an additional ¥375,103 thousand recognized as asset retirement obligations. The impact on profit was a ¥16,684 thousand decrease. - 2026-03-02First statedGeneral Meetings of Shareholders
「The increase of ¥375,103 thousand resulting from this change in estimate has been added to the balance of asset retirement obligations before the change. As a result of this change in estimate, operating income, ordinary income and income before income taxes and other adjustments for the current consolidated fiscal year decreased by ¥16,684 thousand.」
It was disclosed for the first time that asset retirement obligations increased and profit decreased as a result of a change in estimates based on new information concerning restoration obligations and other matters under real estate lease agreements.