Change in the expense recognition period for asset retirement obligations due to the partial relocation of an office
First written in FY2023-Q1. 5 of 8 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2025.
4 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「日本ゲームカード株式会社, a consolidated subsidiary of the Company, resolved at meetings of its Board of Directors held on 26 August 2024 and 27 January 2025 to partially relocate its office. Accordingly, the useful lives of property, plant and equipment not expected to be used after the relocation were shortened and changed prospectively. As a result of this change in estimate, operating income, ordinary income and net income before income taxes for the consolidated fiscal year each decreased by ¥118 million compared with the previous method.」
The company disclosed the resolutions in August 2024 and January 2025 regarding the change in useful lives associated with the subsidiary's partial office relocation, as well as its ¥118 million impact on full-year profit. - FY2025-H1AdvancedAnnual report
「日本ゲームカード株式会社, a consolidated subsidiary of the Company, resolved at a meeting of its Board of Directors held on 26 August 2024 to partially relocate its office. Accordingly, the useful lives of property, plant and equipment not expected to be used after the relocation have been shortened and changed prospectively.」
A new Board of Directors' resolution was made regarding the subsidiary's partial office relocation, and the useful lives of property, plant and equipment not expected to be used after the relocation were shortened. The change in estimate reduced operating income and other profit measures by ¥24 million. - FY2024-Q3AdvancedAnnual report
「日本ゲームカード株式会社, a consolidated subsidiary of the Company, resolved at meetings of its Board of Directors held on 31 July 2023 to partially relocate its office. Accordingly, the useful lives of property, plant and equipment not expected to be used after the relocation were shortened and changed prospectively. In addition, the expense recognition period for the asset retirement obligation related to restoration costs under the real estate lease was changed so that recognition of the asset retirement obligation expense would be completed by the relocation completion date. As a result of this change in estimate, operating income, ordinary income and quarterly net income before income taxes, compared with the previous method, each decreased by ¥62 million for the cumulative third quarter of the consolidated accounting period.」
The impact on each profit measure for the cumulative third quarter from shortening the useful lives of property, plant and equipment and changing the expense recognition period for the asset retirement obligation due to the subsidiary's partial office relocation was updated from ¥55 million to ¥62 million. - FY2024-Q2AdvancedAnnual report
「As a result of this change in estimate, operating income, ordinary income and quarterly net income before income taxes, compared with the previous method, each decreased by ¥55 million for the cumulative second quarter of the consolidated accounting period.」
The shortening of the useful lives of property, plant and equipment and the change in the expense recognition period for the asset retirement obligation due to the subsidiary's partial office relocation each reduced profit by ¥55 million for the cumulative second quarter. - FY2024-Q1AdvancedAnnual report
「日本ゲームカード株式会社, a consolidated subsidiary of the Company, resolved at a meeting of its Board of Directors held on 31 July 2023 to partially relocate its office. The details of the relocation are as follows. 1. Relocation destination Shinjuku Central Park Tower, 6-18-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo 2. Relocation date September 2023 (scheduled)」
For the existing plan to partially relocate the office, the consolidated subsidiary's Board of Directors' resolution, relocation destination and specific implementation details, including the scheduled relocation in September 2023, were disclosed. In connection with the relocation, the useful lives of property, plant and equipment and the expense recognition period for the asset retirement obligation were also changed. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company resolved to partially relocate the office it uses. Accordingly, the expense recognition period for the asset retirement obligation related to restoration costs under the Company's fixed-term building lease has been changed so that recognition of the asset retirement obligation expense will be completed by the planned relocation date.」
The change in the expense recognition period for the asset retirement obligation due to the partial office relocation continues to be disclosed. - FY2023-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company resolved to partially relocate the office it uses. Accordingly, the expense recognition period for the asset retirement obligation related to restoration costs under the Company's fixed-term building lease has been changed so that recognition of the asset retirement obligation expense will be completed by the planned relocation date.」
The change in the expense recognition period for the asset retirement obligation due to the partial office relocation continues to be disclosed, and its impact on profit or loss for the second quarter was considered immaterial. - FY2023-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 11 May 2022, the Company resolved to partially relocate the office it uses. Accordingly, the expense recognition period for the asset retirement obligation related to restoration costs under the Company's fixed-term building lease has been changed so that recognition of the asset retirement obligation expense will be completed by the planned relocation date.」
Following the Board of Directors' resolution on 11 May 2022 to partially relocate the office, the expense recognition period for the asset retirement obligation related to restoration costs was changed so that recognition would be completed by the planned relocation date. The impact on profit or loss for the current quarter was considered immaterial.