Changes in estimates of restoration costs upon store exit
First written in FY2022-Q3. . Latest entry: FY2024.
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2024Updated the amount of the change in estimated restoration costsAnnual report
「The increase resulting from the change in estimate was added to the balance of asset retirement obligations before the change in the amount of ¥119.016 million. Of the property, plant and equipment recognized in connection with this change, ¥61.693 million was treated as an impairment loss. As a result of the change in estimate, income before income taxes for the current consolidated fiscal year decreased by ¥65.023 million.」
The change in the estimate of restoration costs upon vacating stores resulted in an addition of ¥119.016 million to asset retirement obligations, while related property, plant and equipment of ¥61.693 million was treated as an impairment loss. The impact on income before income taxes was a decrease of ¥65.023 million. - FY2024-Q3Updated the pretax income impact of restoration costsAnnual report
「The increase resulting from the change in estimate was added to the balance of asset retirement obligations before the change in the amount of ¥78.132 million. Of the property, plant and equipment recognized in connection with this change, ¥36.393 million was treated as an impairment loss. As a result of the change in estimate, quarterly income before income taxes for the cumulative third quarter of the current consolidated fiscal year decreased by ¥42.471 million.」
The addition of ¥78.132 million to asset retirement obligations and the related impairment loss of ¥36.393 million remained unchanged, while the cumulative impact on quarterly income before income taxes was a decrease of ¥42.471 million. - FY2024-Q2Updated the amount of the change in estimated restoration costsAnnual report
「The increase resulting from the change in estimate was added to the balance of asset retirement obligations before the change in the amount of ¥78.132 million. Of the property, plant and equipment recognized in connection with this change, ¥36.393 million was treated as an impairment loss. As a result of the change in estimate, quarterly income before income taxes for the cumulative second quarter of the current consolidated fiscal year decreased by ¥38.565 million.」
The change in the estimate of restoration costs upon vacating stores resulted in an addition of ¥78.132 million to asset retirement obligations, while related property, plant and equipment of ¥36.393 million was treated as an impairment loss. The impact on quarterly income before income taxes was a decrease of ¥38.565 million. - FY2023Updated the amount of the change in estimated restoration costsAnnual report
「The increase resulting from the change in estimate was added to the balance of asset retirement obligations before the change in the amount of ¥171.345 million.」
Following a change in the estimate of restoration costs upon vacating stores, an additional ¥12.533 million was recorded in the current fiscal year, in addition to the ¥171.345 million recorded in the previous fiscal year. - FY2022-Q3First statedAnnual report
「The Company changed its estimate of the restoration costs required when vacating stores, based on new information obtained upon the closure of stores, for asset retirement obligations recognized in connection with obligations to restore leased properties under real estate lease agreements. The increase resulting from the change in estimate was added to the balance of asset retirement obligations before the change in the amount of ¥171.345 million. Of the property, plant and equipment recognized in connection with this change, ¥86.407 million was treated as an impairment loss. As a result of the change in estimate, quarterly income before income taxes for the cumulative third quarter of the current consolidated fiscal year decreased by ¥86.407 million.」
The Company changed its estimate of restoration costs upon vacating stores and added ¥171.345 million to asset retirement obligations. Related property, plant and equipment of ¥86.407 million was treated as an impairment loss, and the impact on quarterly income before income taxes was a decrease of ¥86.407 million.