Decision to Relocate the Head Office and Changes in Accounting Estimates Related to the Relocation
First written in FY2020-Q3. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2021.
4 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「March 2021 Head office relocated from Kanda-Surugadai, Chiyoda-ku, to Sotokanda, Chiyoda-ku April 2021 Wakayama Office (development center) established in Wakayama, Wakayama Prefecture」
The planned relocation of the head office was carried out in March 2021, and Wakayama Office (development center) was established in April 2021. - FY2021-Q1AdvancedAnnual report
「Provision for relocation losses ¥3.923 million An amount expected to arise in the future has been recorded to provide for losses associated with the relocation.」
States that a ¥3.923 million provision was recorded for losses associated with the relocation of the head office. This indicates progress in the related accounting treatment, not completion of the relocation itself. - FY2020AdvancedAnnual report
「The company plans to relocate its head office and open a Wakayama office in April 2021, but the specific amount of capital investment has not yet been determined.」
Following the resolution to relocate the head office, the company reported the specific plan to relocate the head office and open a Wakayama office in April 2021. - FY2020-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 13 December 2019, the company resolved to relocate its head office. In connection with this resolution, the useful lives of fixed assets not expected to be used after the relocation were shortened and changed prospectively. The company also changed its estimate of the allocation period for costs related to asset retirement obligations arising from the lease agreement for the head-office premises. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative third-quarter period each decreased by ¥2.720 million.」
The company resolved to relocate its head office at a Board of Directors meeting held on 13 December 2019, and changed the useful lives of fixed assets not expected to be used after the relocation and the cost allocation period for asset retirement obligations.