Head Office Relocation and Fixed-Cost Reductions as Remote Work Takes Hold
First written in FY2021-Q1. 2 of 4 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2021.
1 other company's latest entry also says "Achieved".
- FY2021AchievedAnnual report
「January 2021 Head office relocated to 1-32-2 Honcho, Nakano-ku, Tokyo」
The head office relocation was completed in January 2021, bringing to completion the implementation phase of the plan to reduce office space and fixed costs following the establishment of remote work. - FY2021-Q3AdvancedAnnual report
「During the second quarter of the fiscal year, the company decided on the relocation of the head office and its timing, and accordingly changed the estimated useful lives of fixed assets that were not expected to be used after the relocation. In addition, because more precise estimates became possible for asset retirement obligations recognised as restoration obligations under real estate lease agreements, the company changed the estimated amount. As a result of these changes in estimates, operating income, ordinary income and profit before income taxes for the nine months ended in the third quarter decreased by ¥5,594 thousand each compared with the previous method.」
The company changed the estimated useful lives of fixed assets and the estimates for asset retirement obligations associated with the head office relocation, and disclosed the ¥5,594 thousand impact on profit. - FY2021-Q2AdvancedAnnual report
「¥76,287 thousand in cash outflows for the payment of a security deposit associated with the head office relocation」
The company paid a ¥76,287 thousand security deposit associated with the head office relocation, marking progress in implementing the relocation plan. It also recognised ¥11,544 thousand in head office relocation expenses. - FY2021-Q1First statedAnnual report
「Relocation timing Early January 2021 (scheduled) Based on the above, we decided to relocate the head office, including reducing office space, to optimise the operating structure and reduce fixed costs and other expenses.」
In light of the establishment of remote work and the office attendance rate of approximately 20%, the company decided to relocate the head office, scheduled for early January 2021, reduce office space and cut fixed costs.