Estimating Restoration Costs upon Store Closure
First written in FY2020. 12 of 16 entries say "Worsened", first in FY2022. Latest entry: FY2026.
QB Net Holdings moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「30 June 2026 Asset retirement obligations 1,092」
Asset retirement obligations related to restoration obligations upon store closure increased from ¥963 million in the previous fiscal year to ¥1,092 million. - FY2026-H1WorsenedAnnual report
「Provision 963 1,015」
The provision for restoration obligations upon store closure increased from ¥963 million at the end of the previous consolidated fiscal year to ¥1,015 million at the end of the current interim consolidated accounting period. - FY2025WorsenedAnnual report
「30 June 2025 Asset retirement obligations 963」
Asset retirement obligations related to restoration obligations upon store closure increased from ¥831 million in the previous fiscal year to ¥963 million. - FY2025-H1WorsenedAnnual report
「Provision 831 837」
The provision for restoration obligations upon store closure increased from ¥831 million at the end of the previous consolidated fiscal year to ¥837 million at the end of the interim consolidated accounting period. - FY2024WorsenedAnnual report
「30 June 2024 Asset retirement obligations 831」
Asset retirement obligations related to restoration obligations upon store closure increased from ¥740 million in the previous fiscal year to ¥831 million. - FY2024-Q3RestatedAnnual report
「Provision 740 768」
The provision for restoration obligations upon store closure increased from ¥740 million at the end of the previous fiscal year to ¥768 million, as liabilities continue to be recognized based on estimated restoration costs. - FY2024-Q2Provision Increased from the Previous Year-End but Declined from the Previous Quarter-EndAnnual report
「Provision 740 769」
The provision for restoration obligations upon store closure increased from ¥740 million at the end of the previous fiscal year to ¥769 million. This was down from ¥779 million at the end of the first quarter of the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「Provision 740 779」
The provision related to restoration obligations when stores are closed increased from ¥740 million at the end of the previous fiscal year to ¥779 million at the end of the first quarter under review. - FY2023WorsenedAnnual report
「30 June 2023 Asset retirement obligations 740」
Asset retirement obligations related to restoration obligations when stores are closed increased from ¥553 million in the previous fiscal year to ¥740 million. This included an increase of ¥173 million due to a change in estimates. - FY2023-Q2WorsenedAnnual report
「Provision 553 560」
The provision related to restoration obligations when stores are closed increased from ¥553 million at the end of the previous consolidated fiscal year to ¥560 million. - FY2023-Q1WorsenedAnnual report
「Provision 553 557」
The provision included in asset retirement obligations increased from ¥553 million at the end of the previous consolidated fiscal year to ¥557 million. - FY2022WorsenedAnnual report
「30 June 2022 Asset retirement obligations 553」
Asset retirement obligations related to restoration obligations when stores are closed increased from ¥514 million in the previous fiscal year to ¥553 million. - FY2021RestatedAnnual report
「30 June 2021 Asset retirement obligations 514」
Asset retirement obligations related to restoration obligations when stores are closed amounted to ¥514 million, and the recognition of liabilities based on estimated restoration costs continued. - FY2020First statedAnnual report
「The company revised its estimate of the restoration costs required when stores are closed, following the receipt of new information based on recent performance in fulfilling restoration obligations and other factors, in relation to the asset retirement obligations and related provision recognized for restoration obligations arising under real estate lease agreements for stores and other properties.」
The estimate of restoration costs when stores are closed was revised, increasing asset retirement obligations by ¥143 million. At some stores that had been impaired in previous fiscal years, operating income and profit before tax decreased by ¥5 million.