Changes in Estimates of Fixed-Asset Useful Lives and Asset Retirement Obligations Associated with Vacating the Head Office
First written in FY2024-Q3. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The expenses were associated with the relocation of the head office in September 2024 and comprised double rent of ¥34 million, moving expenses of ¥8 million and waste disposal expenses of ¥2 million.」
The head-office relocation planned and approved in the previous fiscal year was carried out in September 2024, and relocation expenses of ¥44 million were recognized. - FY2024AdvancedAnnual report
「During the current consolidated fiscal year, the Company resolved to relocate its head office. The relocation is expected to involve the construction of new facilities, but the specific investment amount has not been determined.」
Following the resolution to vacate the head office, the plan was developed into a plan to construct new facilities in connection with the relocation, with the investment amount yet to be determined. - FY2024-Q3First statedAnnual report
「During the current third-quarter consolidated accounting period, the Company resolved to vacate its current head office. Accordingly, the estimated useful lives of fixed assets with no expected use after the move have been changed prospectively so that depreciation will be completed over the period through the planned month of vacating the premises. In addition, the estimated period of use for the asset retirement obligations related to the current head office has been changed prospectively so that the related expenses will be fully recognized over the period through the planned month of vacating the premises.」
Following the resolution to vacate the current head office, the useful lives of fixed assets and the estimated periods of use for asset retirement obligations were changed. As a result, operating profit, ordinary income and quarterly net income before income taxes decreased by ¥10 million each during the cumulative third quarter of the current fiscal year.