Restoration Obligations Associated with Business-Use Fixed-Term Land Leasehold Agreements
First written in FY2019. 3 of 5 entries say "Worsened", first in FY2022. Latest entry: FY2026.
Izu Shaboten Resort moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The balance of asset retirement obligations at the end of the period increased from ¥83.376 million to ¥83.847 million.」
Asset retirement obligations arising under fixed-term land lease agreements for business use, fixed-term building lease agreements, and other arrangements increased from the end of the previous fiscal year. - FY2025WorsenedAnnual report
「The balance of asset retirement obligations at the end of the period increased from ¥56.823 million to ¥83.376 million.」
Asset retirement obligations arising under fixed-term land lease agreements for business use, fixed-term building lease agreements, and other arrangements increased from the end of the previous fiscal year. - FY2022WorsenedAnnual report
「The balance of asset retirement obligations at the end of the period increased from ¥25.909 million to ¥32.444 million.」
Asset retirement obligations arising under fixed-term land lease agreements for business use and other arrangements increased from ¥25.909 million at the end of the previous fiscal year to ¥32.444 million. - FY2020RestatedAnnual report
「For the fixed assets at Izu Kogen Tabi-no-Eki Granpalport owned by the company, restoration obligations and other obligations related to the fixed assets were recognized in connection with the execution of a fixed-term land lease agreement for business use on 24 May 2018. The expected period of use was estimated at 20 years from acquisition, and the asset retirement obligation was calculated using a discount rate of 0.52%.」
The company continues to recognize restoration obligations arising under a fixed-term land lease agreement for business use, and the balance of asset retirement obligations at the end of the period was ¥25.775 million. - FY2019First statedAnnual report
「For the fixed assets at Izu Kogen Tabi-no-Eki Granpalport owned by the company, restoration obligations and other obligations related to the fixed assets were recognized in connection with the execution of a fixed-term land lease agreement for business use on 24 May 2018. The expected period of use was estimated at 20 years from acquisition, and the asset retirement obligation was calculated using a discount rate of 0.52%. The balance at the end of the period was ¥25.642 million.」
Restoration obligations arose in connection with the execution of a fixed-term land lease agreement for business use, and an asset retirement obligation of ¥25.642 million was recognized based on an expected period of use of 20 years and a discount rate of 0.52%.