Changes in the Estimated Useful Life of Fixed Assets and Asset Retirement Obligations Following Partial Head Office Lease Termination
First written in FY2022-Q1. . Latest entry: FY2022.
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
- FY2022Update on Full-Year ImpactAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year increased by ¥4,922 thousand.」
The company disclosed a ¥4,922 thousand increase in profit for the full fiscal year resulting from changes to useful lives and the estimated asset retirement obligation in connection with the partial cancellation of the head office lease and other changes. - FY2022-Q3Updated third-quarter impactAnnual report
「As a result, compared with the previous method, operating loss and ordinary loss for the first 9 months of the current consolidated fiscal year decreased by ¥3,445 thousand, while income before income taxes increased by ¥3,445 thousand.」
The company disclosed a ¥3,445 thousand reduction in loss for the first 9 months resulting from changes to the useful lives of property, plant and equipment and the estimated asset retirement obligation in connection with the partial cancellation of the head office lease. - FY2022-Q2Updated second-quarter impactAnnual report
「As a result, compared with the previous method, operating loss, ordinary loss and loss before income taxes for the first 6 months of the current consolidated fiscal year decreased by ¥1,969 thousand.」
The reduction in loss resulting from changes to the useful lives of property, plant and equipment and the estimated asset retirement obligation in connection with the partial cancellation of the head office lease was updated from ¥492 thousand for the first quarter to ¥1,969 thousand for the first 6 months. - FY2022-Q1First statedAnnual report
「The company also changed the estimated costs related to restoring leased premises to their original condition based on newly obtained information and changed the amortization period to the end of the lease term. As a result, compared with the previous method, operating loss, ordinary loss and loss before income taxes for the first quarter of the current consolidated fiscal year decreased by ¥492 thousand.」
In connection with the partial cancellation of the Tokyo head office lease and changes to the lease agreement, the company changed the useful lives of property, plant and equipment and the estimated amount and amortization period of the asset retirement obligation related to restoration costs, reducing the loss by ¥492 thousand.