Increase in Asset Retirement Obligations Due to Store Closures
First written in FY2019. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2021-Q2.
OOTOYA Holdings moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2021-Q2WorsenedAnnual report
「The resulting increase of ¥269.083 million was added to the asset retirement obligations before the revision.」
New information on store demolition and removal costs increased asset retirement obligations by ¥269.083 million. - FY2019MaterialisedAnnual report
「We revised the estimate for the restoration costs required when stores are closed in connection with new information, including store closures, regarding the asset retirement obligations recognized for restoration obligations under real estate lease agreements. The resulting increase of ¥146.608 million was added to the balance of asset retirement obligations before the revision.」
A revised estimate for restoration costs at store closures increased asset retirement obligations by ¥146.608 million.