Revising Estimates of Restoration Costs in Asset Retirement Obligations
First written in FY2021. 3 of 7 entries say "Worsened", first in FY2022. Latest entry: FY2025.
Star seeds moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Decrease due to settlement of asset retirement obligations △93,427 Balance at end of period 367,745」
Asset retirement obligations decreased from ¥438,276 thousand to ¥367,745 thousand at the end of the period, mainly due to a ¥93,427 thousand decrease resulting from settlement. - FY2025-Q1Decrease in the asset retirement obligation balanceAnnual report
「Liabilities at the end of the first-quarter consolidated accounting period were ¥1,502 million, an increase of ¥86 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥178 million in accounts payable and ¥5 million in the provision for bonuses, offset by decreases of ¥29 million in accrued income taxes, ¥14 million in borrowings, ¥4 million in accrued expenses and ¥39 million in asset retirement obligations, among others.」
Asset retirement obligations decreased from ¥422,723 thousand at the end of the previous consolidated fiscal year to ¥398,319 thousand. - FY2024WorsenedAnnual report
「The increase of ¥96,280 thousand resulting from this change in estimate was added to the balance of asset retirement obligations before the change.」
Asset retirement obligations were increased by ¥96,280 thousand following a change in estimates based on new information, including actual restoration costs, and the balance at the end of the period was ¥438,276 thousand. - FY2024-Q3Decrease in the asset retirement obligation balanceAnnual report
「Asset retirement obligations 51,216 14,674 363,339 345,610」
The total of current and non-current asset retirement obligations decreased from ¥414,555 thousand at the end of the previous consolidated fiscal year to ¥360,284 thousand at the end of the third quarter of the current fiscal year. - FY2023WorsenedAnnual report
「Balance at end of period 270,203 414,556」
The balance of asset retirement obligations at the end of the period increased from ¥270,203 thousand at the end of the previous consolidated fiscal year to ¥414,556 thousand. The increase reflects the acquisition of a newly consolidated subsidiary and restoration obligations for stores and other facilities. - FY2022WorsenedAnnual report
「The increase of ¥46,347 thousand resulting from this change in estimate was added to the balance of asset retirement obligations before the change.」
Based on new information on restoration costs, asset retirement obligations were increased by ¥46,347 thousand. The increase was greater than the ¥23 million reported previously. - FY2021First statedAnnual report
「During the current fiscal year, the Company changed its estimate of restoration costs relating to asset retirement obligations recognized in connection with its lease agreements, following the receipt of new information on restoration costs. The increase of ¥23 million resulting from this change in estimate was added to the balance of asset retirement obligations before the change.」
Following new information on restoration costs, the Company revised its estimate and increased asset retirement obligations by ¥23 million.