Change in Estimate of Asset Retirement Obligations Based on Store Exit Information
First written in FY2023. . Latest entry: FY2025.
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2025Increase in the Change to the Asset Retirement Obligation EstimateAnnual report
「During the consolidated fiscal year, the company revised its estimate of the restoration costs required when vacating stores, based on new information obtained regarding the costs associated with restoration obligations under real estate lease agreements. The resulting increase of ¥16.265 million was added to the asset retirement obligation before the change.」
The change in the asset retirement obligation estimate based on new information associated with store closures amounted to ¥16.265 million, an increase from ¥8.240 million in the previous fiscal year. - FY2024Decrease in the change in asset retirement obligation estimateAnnual report
「The company revised its estimate of the restoration costs required when vacating stores, based on new information obtained in connection with store closures, for the asset retirement obligation recorded for restoration obligations under real estate lease agreements. The increase resulting from the change in estimate, ¥8.240 million, was added to the asset retirement obligation balance before the change.」
Based on new information associated with store closures, the company increased its asset retirement obligation by ¥8.240 million. The increase resulting from the change in estimate was lower than the previous fiscal year's ¥15.979 million. - FY2023First statedAnnual report
「The company revised its estimate of the restoration costs required when vacating stores, based on new information obtained in connection with store closures, for the asset retirement obligation recorded for restoration obligations under real estate lease agreements. The increase resulting from the change in estimate, ¥15.979 million, was added to the asset retirement obligation balance before the change.」
Based on new information associated with store closures, the company reassessed restoration costs and increased its asset retirement obligation by ¥15.979 million. It also impaired the assets of the closed stores, and stated that the impact on income before income taxes was ¥9.530 million.