Changes in Estimates for Fixed Assets and Asset Retirement Obligations Following Partial Termination of the Head Office Lease
First written in FY2021-Q1. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
2 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「At a Board of Directors meeting held on 13 August 2020, the company resolved to terminate part of the head-office lease in May 2021. In connection with this, it plans to dispose of fixed assets, including leasehold improvements, that are not expected to be used.」
The company specified the planned termination of part of the head-office lease and disposal of fixed assets in May 2021, making the disposal plan following the change in estimates more concrete. - FY2021-Q1First statedAnnual report
「At a Board of Directors meeting held on 13 August 2020, the company resolved to terminate part of the lease for its head office. As a result, it shortened the useful lives of fixed assets that would no longer be usable following the termination and changed them prospectively. It also shortened prospectively the reasonable amortization period for asset retirement obligations recognized in connection with the obligation to restore the premises under the real estate lease agreement before termination. As a result of these changes, operating profit, ordinary profit and profit before income taxes for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥5.182 million compared with the previous method.」
The company resolved to terminate part of the head-office lease. As a result of shortening the useful lives of unusable fixed assets and the amortization period for asset retirement obligations, operating profit, ordinary profit and profit before income taxes for the quarterly period each decreased by ¥5.182 million.