Change to the Standard Method of Accounting for Asset Retirement Obligations
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025-H1.
0 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「For asset retirement obligations related to restoration obligations under real estate lease agreements of the Company and certain consolidated subsidiaries, the previous method involved reasonably estimating the amount of security deposits related to those leases that was ultimately deemed unlikely to be recovered and expensing the portion attributable to the current period. Following a review of the fixed asset management system, the Company changed the method from the end of the previous consolidated fiscal year to one that recognizes restoration costs as asset retirement obligations and includes the corresponding removal costs in property, plant and equipment for depreciation, in order to present its financial position and operating results more appropriately.」
The standard-method treatment of asset retirement obligations changed at the end of the previous consolidated fiscal year has also been applied to the comparative information. - FY2024First statedAnnual report
「Beginning with the current consolidated fiscal year, the Company changed to a method under which restoration costs are recognized as asset retirement obligations and the corresponding removal costs are included in property, plant and equipment and depreciated.」
Following a review of its fixed asset management system, the Company changed its treatment of restoration obligations from the previous method, based on the estimated recoverable amount of security deposits, to a method that recognizes asset retirement obligations as liabilities, and applied the change retrospectively.