Head Office Relocation to Support Business Expansion and Workforce Growth
First written in FY2017-Q1. 6 of 10 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2022.
The whole theme swung hardest in 2024: 1 of 12 companies on the "Worse" side.
9 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「November 2021 Head office relocated to 3-chome Hatchobori, Chuo-ku, Tokyo」
The head-office relocation planned for November 2021 was completed. - FY2022-Q3Relocation-related expenses recognizedAnnual report
「Provision for head-office relocation loss ¥32.000 million — Head-office relocation expenses — ¥2.134 million」
Head-office relocation expenses of ¥2.134 million were recognized during the cumulative third quarter, while the provision for head-office relocation loss fell to zero from ¥32.000 million in the same period of the previous year. - FY2021AdvancedAnnual report
「Head office (new office) (Chuo-ku, Tokyo) Interior construction and other work ¥94.592 million ¥80.922 million Internal funds July 2021 November 2021」
The disclosure states that interior construction and other work for the new office in connection with the 2021 head-office relocation totaled ¥94.592 million, of which ¥80.922 million had already been paid, with work scheduled to begin in July 2021 and be completed in November 2021. - FY2021-Q3AdvancedAnnual report
「Compared with the previous method, operating income and ordinary income for the cumulative third quarter, and profit before income taxes for the quarter, decreased by ¥31.877 million and ¥63.877 million, respectively.」
The disclosure specifically describes the impact on profit for the cumulative third quarter of the change in useful lives and the recognition of asset retirement obligations and rent expenses associated with the head-office relocation. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 January 2021, we passed a resolution concerning the relocation of the head office. In connection with the head office relocation, we changed the useful lives during the second quarter accounting period of building fixtures that are not expected to be used after the relocation and the asset retirement obligations related to restoring those assets to their original condition, so that depreciation and expenses related to the asset retirement obligations would be fully recorded by the planned relocation date. We also recorded as an extraordinary loss the rent payable for the current head office from the planned relocation date until the end of the lease. As a result, compared with the previous method, operating income and ordinary income for the six-month period ended in the second quarter decreased by ¥7.969 million, and profit before income taxes for the quarter decreased by ¥39.969 million.」
The Board of Directors resolved on 19 January 2021 to relocate the head office, and the disclosure specifically describes the resulting change in useful lives, recognition of asset retirement obligations and rent expenses, and the impact on profit. - FY2018AchievedAnnual report
「March 2018: Head office relocated to 1 Yurakucho, Chiyoda-ku, Tokyo」
The planned head office relocation was completed in March 2018. - FY2017AdvancedAnnual report
「For interior construction and other work at the head office (new office) in Chiyoda-ku, Tokyo, the planned investment amount is ¥267.578 million, the amount already paid is ¥139.590 million, construction began in May 2017, and completion is scheduled for March 2018.」
The company disclosed the amount already paid and the planned investment amount for the head office relocation work, with completion continuing to be scheduled for March 2018. - FY2017-Q3AdvancedAnnual report
「In connection with the head office relocation, we changed the useful lives during the current fiscal year of building fixtures that are not expected to be used after the relocation and the asset retirement obligations related to restoring those assets to their original condition, so that depreciation and expenses related to the asset retirement obligations would be fully recorded by the planned relocation date. We also recorded as an extraordinary loss the rent payable for the current head office from the planned relocation date until the end of the lease. As a result, compared with the previous method, operating income and ordinary income for the nine-month period ended in the third quarter decreased by ¥8.872 million, and profit before income taxes for the quarter decreased by ¥26.756 million.」
In connection with the head office relocation, the company changed the useful lives of fixed assets and other assets and expensed asset retirement obligations and rent, quantifying the impact on profit. - FY2017-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 November 2016, we passed a resolution concerning the relocation of the head office. / This was due to an increase of ¥17.884 million in the provision for relocation losses.」
The head office relocation proceeded to a Board of Directors resolution, and a ¥17.884 million provision for relocation losses was recorded. - FY2017-Q1First statedAnnual report
「Relocation date: March 2018 (planned) / Reason for relocation: We will relocate to achieve greater operational efficiency in anticipation of an increase in employees accompanying future business expansion.」
The company has indicated a plan to relocate its head office in March 2018 to the 33rd floor of the New Hibiya Project (tentative name) at 1 Yurakucho, Chiyoda-ku, Tokyo, in anticipation of an increase in employees accompanying business expansion.