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Beauty Kadan Holdings (3041) · InitiativeFirst stated

Change in the Method of Recognizing Asset Retirement Obligations

First written in FY2019. . Latest entry: FY2019.

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  1. FY2019First statedAnnual report

    「From the current consolidated fiscal year, restoration costs have been recognized as liabilities under asset retirement obligations. This was because, during the current consolidated fiscal year, total restoration costs came to exceed total security deposits, making the previous method no longer permissible. Accordingly, asset retirement obligations of ¥10 million were recognized during the current consolidated fiscal year.」

    The method was changed from recognizing the expected amount recoverable from security deposits to recognizing restoration costs as liabilities, and asset retirement obligations of ¥10 million were recognized.
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Change in the Method of Recognizing Asset Retirement Obligations | Beauty Kadan Holdings Co.,Ltd. (3041) | Komori