Costs of removing abandoned property and the risk of workplace accidents during removal work
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025Increase in removal costsAnnual report
「Selling, general and administrative expenses increased from the previous fiscal year to ¥868,685 thousand, up 12.2% year on year, mainly because of higher costs for removing stored items following rent delinquencies resulting from an increase in the number of BPO service contracts and higher costs associated with collecting recourse receivables.」
Explains that higher costs for removing stored items and other expenses associated with an increase in the number of BPO contracts drove up selling, general and administrative expenses. Removal costs were ¥114,826 thousand, up from ¥99,498 thousand in the previous fiscal year. - FY2022RestatedAnnual report
「When a self-storage use agreement is terminated, the Company has agreements with self-storage operators under which it removes property left behind by self-storage users and bears the related costs. Accordingly, it cannot avoid incurring costs for removing abandoned property in its rent delinquency guarantee business for self-storage facilities.」
Continues to describe the costs of removing abandoned property and the risk of occupational accidents during removal operations. - FY2020RestatedAnnual report
「When a self-storage use agreement is terminated, the Company has agreements with self-storage operators under which it removes property left behind by self-storage users and bears the related costs. Accordingly, it cannot avoid incurring costs for removing abandoned property in its rent delinquency guarantee business for self-storage facilities.」
Continues to describe the costs of removing abandoned property and the risk of occupational accidents during removal operations. - FY2018RestatedAnnual report
「When a self-storage use agreement is terminated, the Company has agreements with self-storage operators under which it removes property left behind by self-storage users and bears the related costs. Accordingly, it cannot avoid incurring costs for removing abandoned property in its rent delinquency guarantee business for self-storage facilities.」
Continues to describe the costs of removing abandoned property and the risk of occupational accidents during removal operations. - FY2017RestatedAnnual report
「When a self-storage use agreement is terminated, the Company has agreements with self-storage operators under which it removes property left behind by self-storage users and bears the related costs. Accordingly, it cannot avoid incurring costs for removing abandoned property in its rent delinquency guarantee business for self-storage facilities.」
Continues to describe the costs of removing abandoned property and the risk of occupational accidents during removal operations. - FY2016First statedAnnual report
「When a self-storage use agreement is terminated, the Company has agreements with self-storage operators under which it removes property left behind by self-storage users and bears the related costs. Accordingly, it cannot avoid incurring costs for removing abandoned property in its rent delinquency guarantee business for self-storage facilities.」
Identifies not only the costs of removing abandoned property but also the possibility of occupational accidents involving workers handling heavy or hazardous items as risks.