Change in Estimated Restoration Costs for Lease Security Deposits Related to Asset Retirement Obligations
First written in FY2024-Q1. 1 of 2 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the first quarter accounting period, the company obtained new information on the restoration costs required when vacating leased properties and changed its estimate for deposits being amortized as restoration obligations under its real estate lease contracts. As a result, compared with the previous method, operating loss, ordinary loss and loss before income taxes for the cumulative second quarter each decreased by ¥7.931 million.」
The company continued to report the change in the estimate of restoration costs related to deposits and its impact of reducing losses by ¥7.931 million for the cumulative second quarter. - FY2024-Q1First statedAnnual report
「During the first quarter accounting period, the company obtained new information on the restoration costs required when vacating leased properties and changed its estimate for deposits being amortized as restoration obligations under its real estate lease contracts. As a result, compared with the previous method, operating loss, ordinary loss and loss before income taxes for the cumulative first quarter each decreased by ¥7.931 million.」
The company changed its accounting estimate in light of new information on restoration costs related to deposits, newly disclosing that operating loss, ordinary loss and loss before income taxes each decreased by ¥7.931 million.