Recognition of Asset Retirement Obligations in Connection with Head Office Relocation
First written in FY2022. 1 of 4 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Achieved".
- FY2023-Q3AchievedAnnual report
「Asset retirement obligations 41,501 -」
The ¥41.501 million in asset retirement obligations recognized at the end of the previous fiscal year in connection with the head office relocation had a zero balance at the end of the third-quarter accounting period, reflecting settlement in the financial statements. - FY2023-Q2Settlement of asset retirement obligationsAnnual report
「Expenditure for settlement of asset retirement obligations △ 39,600」
During the cumulative second-quarter period, the Company recorded ¥39.600 million in settlement expenditures for asset retirement obligations recognized in connection with the head office relocation. - FY2023-Q1Changes in estimates related to the head office relocationAnnual report
「During the first quarter accounting period, in connection with the head office relocation, the Company shortened the useful lives of fixed assets that would become unusable and revised them prospectively. It also revised its estimate of restoration costs related to asset retirement obligations arising from restoration obligations under its real estate lease agreement.」
In connection with the head office relocation, the Company shortened the useful lives of fixed assets that would become unusable and revised its estimate of asset retirement obligations related to restoration costs. As a result, operating income, ordinary income and income before income taxes for the quarter decreased by ¥3.688 million. - FY2022First statedAnnual report
「During the fiscal year, following the resolution to relocate the head office, the Company shortened the useful lives of fixed assets that would become unusable and revised them prospectively. It also revised its estimates of restoration costs and the expected period of use in relation to asset retirement obligations arising from restoration obligations under its real estate lease agreement.」
Following the resolution to relocate the head office, the Company shortened the useful lives of fixed assets and recognized ¥41.501 million in asset retirement obligations related to restoration obligations.