Resolution to Relocate the Head Office and Changes in Estimates for Related Assets
First written in FY2022-Q3. 5 of 8 entries say "Advanced", first in FY2022. Latest entry: FY2026.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「This was mainly due to expenditure of ¥174.704 million for the acquisition of shares in a subsidiary, resulting in a change in the scope of consolidation, and expenditure of ¥107.582 million for security deposits paid in connection with the expansion of the Shinjuku head office and relocation of the Osaka branch, among other items.」
Security deposit payments associated with the expansion of the head office and relocation of the Osaka branch were incurred, indicating that the development of the company's sites had moved into the implementation stage. - FY2025-H1AdvancedAnnual report
「The main increase was income of ¥73.854 million from the recovery of security deposits associated with the Tokyo office relocation. The main decrease was expenditure of ¥32.664 million for the acquisition of property, plant and equipment associated with the relocation, among other items.」
The recovery of security deposits and acquisition of property, plant and equipment associated with the Tokyo office relocation were recorded as investing activities for the interim period, indicating progress in implementing the relocation. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 November 2023, the company resolved to relocate its Tokyo office. In connection with this decision, it shortened the useful lives of fixed assets that were not expected to be used after the relocation and changed the accounting prospectively. As a result of this change in estimate, operating profit, ordinary profit and profit before income taxes for the consolidated fiscal year each decreased by ¥14.838 million compared with the previous method.」
The change in the useful lives of fixed assets associated with the Tokyo office relocation was reflected in the annual results, with the impact on profit disclosed as ¥14.838 million. - FY2024-Q3Resolution to relocate the Tokyo officeAnnual report
「At a meeting of the Board of Directors held on 17 November 2023, the company resolved to relocate its Tokyo office. In connection with this decision, it shortened the useful lives of fixed assets that were not expected to be used after the relocation and changed the accounting prospectively. As a result of this change in estimate, operating profit, ordinary profit and profit before income taxes for the first nine months of the current consolidated fiscal year each decreased by ¥5.934 million compared with the previous method.」
Separately from the previous head-office relocation, the Board of Directors approved the relocation of the Tokyo office, and the useful lives of fixed assets not expected to be used were shortened. The change in estimate reduced profit by ¥5.934 million. - FY2023AchievedAnnual report
「The total amount of capital expenditures and other investments made by the group during the consolidated fiscal year was ¥83.389 million. This included ¥70.393 million for the acquisition of buildings, tools, equipment and fixtures associated with the relocation and expansion of the head office, as well as software purchases, across the company.」
The head-office relocation resolved in the previous fiscal year was implemented, including the relocation, expansion and related capital investments. - FY2023-Q1AdvancedAnnual report
「Office relocation costs 7,687」
The company recognized ¥7.687 million in costs related to the head-office relocation in the first quarter, indicating progress in implementing the office relocation resolved and planned in the previous fiscal year. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 December 2021, the company resolved to relocate its head office. In connection with this decision, it shortened the useful lives of fixed assets that were not expected to be used after the relocation and changed the accounting prospectively.」
The head-office relocation was developed into a specific plan for implementation in May 2022, and current-period profit decreased by ¥19.845 million due to the shortened useful lives of fixed assets and revised estimates for security deposits. - FY2022-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 16 December 2021, the company resolved to relocate its head office. In connection with this decision, it shortened the useful lives of fixed assets that were not expected to be used after the relocation and changed the accounting prospectively. It also revised its estimates of restoration costs, reasonably estimating the amount of security deposits ultimately deemed unlikely to be recovered, and recognized as an expense the portion attributable to the first nine months of the current consolidated fiscal year. As a result of these changes in estimates, operating profit, ordinary profit and profit before income taxes for the first nine months of the current consolidated fiscal year each decreased by ¥4.630 million compared with the previous method.」
The Board of Directors approved the head-office relocation, and the company shortened the useful lives of fixed assets that would not be used after the relocation and revised estimates for restoration costs and security deposits. The impact was a ¥4.630 million decrease in profit.