Sumitomo Metal Mining (5713) · RiskMaterialised

Coral Bay Nickel Corporation’s Asset Retirement Obligations and Site Restoration Costs

First written in FY2027-H1. 1 of 1 entries say "Materialised", first in FY2027-H1. Latest entry: FY2027-H1.

1entries

1years

0from disclosures

How it moved

Same theme, other companies

Recognition and Changes in Asset Retirement ObligationsA theme 92 companies write about · 58 as a headwind · 14 as a tailwind

Sumitomo Metal Mining moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).

The whole theme swung hardest in 2018: 1 of 11 companies on the "Worse" side.

1 other company's latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.

Showing 14 of the 92 companies compared. The sentences above are computed from all 92.

Full recordFilings, disclosures and news, newest first

FY2027-H1MaterialisedAnnual report
「During the six-month consolidated accounting period, the Company revised its estimates for the asset retirement obligations recorded by its nickel smelting subsidiary, Coral Bay Nickel Corporation, in connection with a review of its policy for fulfilling site restoration obligations, including the dismantling and removal of facilities after the end of production. As a result, the balance of asset retirement obligations increased by ¥41,031 million. In addition, as a result of this change in estimate, interim profit before tax in the smelting segment decreased by ¥41,600 million during the six-month consolidated accounting period.」
The Company reviewed its policy for fulfilling CBNC's site restoration obligations, including the dismantling and removal of facilities after the end of production, resulting in a ¥41,031 million increase in asset retirement obligations. The impact of the change in estimate on interim profit before tax in the smelting segment was a decrease of ¥41,600 million, bringing the site restoration burden into the financial statements as an actual accounting impact.

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