Restoration costs upon expiration or early termination of fixed-term land lease agreements
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Decrease due to settlement of asset retirement obligations △47,166 Balance at period-end 2,246,202」
Asset retirement obligations related to restoration obligations and other matters decreased from ¥2,259.908 million at the end of the previous fiscal year to ¥2,246.202 million, mainly due to decreases arising from settlement. - FY2025WorsenedAnnual report
「The increase of ¥850.596 million resulting from this change in estimate has been added to the asset retirement obligation balance before the change.」
Based on new information, the estimate for restoration costs upon the departure from directly operated stores and other properties was revised, increasing asset retirement obligations by ¥850.596 million. The amount represents an increase in the estimate, not an actual payment of departure costs. - FY2023RestatedAnnual report
「In principle, when the lease term expires or the lease is terminated early, the buildings must be removed and the land restored to its original condition before being returned. Although the resulting restoration costs are borne by the Group and asset retirement obligations have been recognized for the relevant stores, additional costs depending on the circumstances could affect operating results.」
The risk of restoration costs upon the expiration or early termination of fixed-term land lease agreements is reiterated. - FY2022RestatedAnnual report
「In principle, when the lease term expires or the lease is terminated early, the buildings must be removed and the land restored to its original condition before being returned. Although the resulting restoration costs are borne by the Group and asset retirement obligations have been recognized for the relevant stores, additional costs depending on the circumstances could affect operating results.」
The risk of restoration costs upon the expiration or early termination of fixed-term land lease agreements is reiterated. - FY2018RestatedAnnual report
「In principle, when the lease term expires or the lease is terminated early, the buildings must be removed and the land restored to its original condition before being returned. Although the resulting restoration costs are borne by the Group and asset retirement obligations have been recognized for the relevant stores, additional costs depending on the circumstances could affect operating results.」
The risk of restoration costs arising upon the expiration or early termination of fixed-term land lease agreements is reiterated. - FY2017RestatedAnnual report
「In principle, when the lease term expires or the lease is terminated early, the buildings must be removed and the land restored to its original condition before being returned. Although the resulting restoration costs are borne by the Group and an asset retirement obligation has been recognized, unexpected costs arising from early termination or other events could affect operating results.」
The risk of restoration costs arising upon the expiration or early termination of fixed-term land lease agreements is reiterated. - FY2016First statedAnnual report
「In principle, when the lease term expires or the lease is terminated early, the buildings must be removed and the land restored to its original condition before being returned. Although the resulting restoration costs are borne by the Company and an asset retirement obligation has been recognized, unexpected costs arising from early termination or other events could affect operating results.」
Cost risk associated with the store-opening model of securing land for directly operated stores through fixed-term land leases.