Changes in Estimates for Fixed Assets and Asset Retirement Obligations Associated with the Head Office Relocation Plan
First written in FY2023-Q2. 1 of 2 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Achieved".
- FY2023-Q3AchievedAnnual report
「In August 2023, the Company relocated its head office office to strengthen coordination between the head office and stores by combining head office functions with a flagship store, while strengthening store operations and improving the efficiency of head office functions.」
The head office relocation plan announced in the previous quarter was completed in August 2023. - FY2023-Q2First statedAnnual report
「During the current second-quarter accounting period, the Company decided to relocate its head office. Accordingly, it revised the useful lives of assets that will become unusable following the relocation to the period ending in the month scheduled for termination of the relevant real estate lease, with the change applying prospectively.」
Following the decision to relocate the head office, the Company revised the useful lives of building fixtures that will become unusable and the expense recognition period for asset retirement obligations. The impact on operating income, ordinary income, and profit before income taxes was a decrease of ¥4.6 million in each case.