Costs Incurred for Asbestos Removal at the Head Office Building
First written in FY2025. 1 of 3 entries say "Materialised", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the company also added ¥2.8 million to the balance of the asset retirement obligation before the change in estimate, following the receipt of new information from the construction contractor concerning the head office building scheduled for replacement.」
Based on new information, the company recognized an additional ¥2.8 million in the asset retirement obligation related to asbestos removal costs for the head office building, bringing the balance at the end of the period to ¥105.277 million. - 2026-06-06AdvancedGeneral Meetings of Shareholders
「We recorded ¥53 million in demolition costs for the head office as an extraordinary loss.」
The disclosure records ¥53 million in demolition costs associated with rebuilding the head office. - FY2025MaterialisedAnnual report
「During the consolidated fiscal year, the company revised its estimate of the asset retirement obligation based on the results of an investigation by the construction contractor, obtained after the company recognized the possibility that the head office building scheduled for replacement contained asbestos. As a result of the change in estimate, ¥104.549 million was recognized as an asset retirement obligation under non-current liabilities. The change in estimate reduced operating profit, ordinary profit, and profit before income taxes for the consolidated fiscal year by ¥60.675 million each.」
The company revised its estimate of the asset retirement obligation after the possibility of asbestos in the head office building was identified, and recognized ¥104.549 million. It states that the change in estimate reduced operating profit and other profit metrics by ¥60.675 million.