Nakamura Choukou (6166) · PolicyReduction in the asset retirement obligation
Change in Estimate of Asset Retirement Obligations Related to Restoration Costs for the Okinawa Plant
First written in FY2020-Q2. . Latest entry: FY2020-Q3.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Recognition and Changes in Asset Retirement ObligationsA theme 77 companies write about · 47 as a headwind · 13 as a tailwind
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
29 other companies' latest entry also says "Other".
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 77 companies compared. The sentences above are computed from all 77.Full recordFilings, disclosures and news, newest first
- FY2020-Q3Reduction in the asset retirement obligationAnnual report
「Accordingly, the balance of the asset retirement obligation was reduced by ¥8,667 thousand. This had no impact on income for the cumulative third-quarter period.」
Following the execution of the land and building sale agreement for the Izumi plant, it was determined that removal costs for specified construction materials and other items would not be required, and the asset retirement obligation was reduced by ¥8,667 thousand. - FY2020-Q2First statedAnnual report
「During the second quarter of the fiscal year, we revised the estimate of the asset retirement obligation because we became able to reasonably estimate the restoration costs under the real estate lease agreement for the Okinawa plant. Accordingly, we newly recognized ¥32,906 thousand as an asset retirement obligation.」
As the restoration costs for the Okinawa plant became reasonably estimable, an asset retirement obligation was recognized, while the corresponding amount of property, plant and equipment was recognized in full as an impairment loss.