Changes in estimates of asbestos removal and restoration costs
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2024.
2 other companies' latest entry also says "Other".
- FY2024Reduction in Asset Retirement Obligations Following the Decision to SellAnnual report
「Following the decision to sell certain investment property held by the Company and the acquisition of new information concerning the asset retirement obligations recognized for asbestos removal costs under the Ordinance on Prevention of Asbestos Impairment and related regulations, the Company revised its estimates. The resulting ¥44 million decrease was deducted from the balance of asset retirement obligations before the change.」
Asset retirement obligations related to asbestos removal and restoration costs were reduced by ¥44 million following a revision to the estimates in connection with the decision to sell investment property. - FY2023RestatedAnnual report
「The balance of asset retirement obligations at the end of the fiscal year was ¥125 million.」
The company continues to recognize asset retirement obligations for asbestos removal and restoration costs, with the balance rising from ¥123 million at the end of the previous fiscal year to ¥125 million. - FY2022First statedAnnual report
「The ¥122 million increase resulting from this change in estimates, comprising ¥113 million in asbestos removal costs and ¥9 million in restoration costs, was added to the balance of asset retirement obligations before the change.」
Following new information from construction contractors and regarding vacating the property, the company revised its estimates of asbestos removal and restoration costs, increasing asset retirement obligations by ¥122 million.