Changes in Asset Retirement Obligation Estimates Due to New Information Regarding Store Exits, etc.
First written in FY2018-Q2. 4 of 22 entries say "Advanced", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2026Decrease in the asset retirement obligation balance through settlementAnnual report
「Decrease through settlement of asset retirement obligations: △¥7.668 million. Balance at fiscal year-end: ¥109.627 million」
There was no increase due to changes in estimates during the fiscal year, and the asset retirement obligation balance decreased from ¥115.815 million in the previous fiscal year to ¥109.627 million through settlement associated with store closures and other events. - FY2025AdvancedAnnual report
「During the current fiscal year, regarding the asset retirement obligations recognized for restoration obligations under the company's store real estate leases, the company increased the asset retirement obligations by ¥26.927 million following the receipt of new information, including recent restoration work results.」
Asset retirement obligation estimates were revised based on new information, including restoration work results, and ¥26.927 million was added. - FY2025-H1Expenditure for the settlement of asset retirement obligationsAnnual report
「Cash outflow due to settlement of asset retirement obligations △ 13,015 △ 2,944」
A cash outflow of ¥2.944 million was recognized during the interim accounting period for the settlement of asset retirement obligations. - FY2024Decrease in the asset retirement obligation balance due to settlement and reversalsAnnual report
「Increase resulting from a change in estimates ¥5.114 million Decrease due to settlement of asset retirement obligations △¥7.100 million Reversal of asset retirement obligations △¥3.688 million Balance at end of period ¥91.362 million」
Despite an increase resulting from a change in estimates, the asset retirement obligation balance decreased from ¥95.860 million at the end of the previous fiscal year to ¥91.362 million due to settlement and reversals. - FY2024-Q3Decrease in the asset retirement obligation balanceAnnual report
「Asset retirement obligations 90,910 83,702」
The asset retirement obligation balance decreased from ¥90.910 million at the end of the previous fiscal year to ¥83.702 million at the end of the third quarter. - FY2024-Q2Decrease in the asset retirement obligation balanceAnnual report
「Cash outflow due to settlement of asset retirement obligations - △ 13,015」
During the cumulative second-quarter period, a cash outflow of ¥13.015 million was recognized for the settlement of asset retirement obligations, and the balance decreased from ¥90.910 million at the end of the previous fiscal year to ¥87.481 million. - FY2024-Q1Decrease in the asset retirement obligation balanceAnnual report
「Asset retirement obligations 90,910 89,621」
The asset retirement obligation balance decreased from ¥90.910 million at the end of the previous fiscal year to ¥89.621 million at the end of the first quarter. - FY2023Increase in Asset Retirement ObligationsAnnual report
「Current fiscal year (1 July 2022 to 30 June 2023) Balance at beginning of period ¥93.043 million Adjustment due to passage of time 1,212 Increase resulting from a change in estimates 1,604 Balance at end of period 95,860」
For asset retirement obligations, the company disclosed an ending balance of ¥95.860 million after an adjustment due to the passage of time and a ¥1.604 million increase resulting from a change in estimates. - FY2023-Q3Slight increase in the asset retirement obligation balanceAnnual report
「Asset retirement obligations 93,043 93,952」
The asset retirement obligation balance increased from ¥93.043 million at the end of the previous fiscal year to ¥93.952 million. - FY2022Decrease in the asset retirement obligation balanceAnnual report
「Decrease due to settlement of asset retirement obligations △59,560 Reversal of asset retirement obligations △7,005 Balance at end of period 93,043」
The asset retirement obligation balance decreased from ¥158.378 million at the end of the previous fiscal year to ¥93.043 million due to settlement and reversals associated with store closures and other matters. - FY2022-Q3Decrease in current asset retirement obligationsAnnual report
「Current liabilities were ¥191.907 million, a decrease of ¥32.649 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥26.668 million increase in long-term borrowings due for repayment within one year and a ¥66.529 million decrease in current asset retirement obligations, among other factors.」
The company disclosed the ¥66.529 million decrease in current asset retirement obligations as one of the main factors behind the decrease in current liabilities. - FY2022-Q2Decrease in asset retirement obligations due to restoration work and other factorsAnnual report
「Cash outflow due to settlement of asset retirement obligations ¥82.736 million」
A ¥82.736 million cash outflow was recognized for the settlement of asset retirement obligations, resulting in a decrease in current asset retirement obligations from the end of the previous consolidated fiscal year. - FY2021AdvancedAnnual report
「Increase resulting from a change in estimates ¥22.719 million」
A ¥22.719 million increase resulting from a change in estimates was recognized for asset retirement obligations related to store closures and other matters. - FY2021-Q3Increase in current asset retirement obligationsAnnual report
「This was mainly due to a ¥116.908 million increase in asset retirement obligations resulting from payments for demolition costs and other expenses at closed stores.」
The company reported a ¥116.908 million increase in asset retirement obligations related to closed stores as a factor behind the increase in current liabilities. - FY2021-Q2Changes in the asset retirement obligation balanceAnnual report
「This was mainly due to a ¥96.573 million increase in current asset retirement obligations and a ¥42.860 million increase in the provision for losses related to store closures.」
Current asset retirement obligations increased by ¥96.573 million, while non-current asset retirement obligations decreased by ¥103.658 million. - FY2020Decrease due to settlement of asset retirement obligationsAnnual report
「Decrease due to settlement of asset retirement obligations △31,747」
The company stated that asset retirement obligations decreased by ¥31.747 million during the current period due to settlement associated with store closures and other matters. - FY2020-Q3Decrease in obligations due to payments for demolition costs at closed storesAnnual report
「This was mainly due to a ¥38.423 million decrease in asset retirement obligations resulting from payments for demolition costs and other expenses at closed stores.」
The company stated that asset retirement obligations decreased by ¥38.423 million due to payments for demolition costs and other expenses at closed stores. - FY2020-Q2Decrease in obligations due to restoration work following store closuresAnnual report
「This was mainly due to a ¥38.432 million decrease in asset retirement obligations resulting from restoration work related to store closures.」
The company disclosed separately from the change in asset retirement obligation estimates related to store closures that asset retirement obligations decreased by ¥38.432 million following restoration work related to store closures. - FY2019AdvancedAnnual report
「During the current consolidated fiscal year, regarding the asset retirement obligations recognized for restoration obligations under store real estate leases, it became clear that the restoration costs required when the assets are removed would increase for stores whose closure had been decided. Accordingly, the increase of ¥20.702 million was recognized as an increase resulting from a change in estimates and added to the asset retirement obligation balance before the change.」
A ¥20.702 million increase in asset retirement obligations was recognized following a change in the estimated restoration costs for stores scheduled to close. - FY2018AdvancedAnnual report
「The increase of ¥170.434 million resulting from the change in estimates was added to the asset retirement obligation balance before the change.」
The amount of the change in asset retirement obligation estimates based on new information, including store closures, was updated from ¥94.274 million through the second quarter to ¥170.434 million. - FY2018-Q3RestatedAnnual report
「The increase of ¥94.274 million resulting from the change in estimates was added to the asset retirement obligation balance before the change.」
The company has reiterated the change in asset retirement obligation estimates based on new information, including store closures, and the addition of ¥94.274 million. - FY2018-Q2First statedAnnual report
「Regarding the asset retirement obligations recognized for restoration obligations under real estate leases, estimates were revised following the receipt of new information, including store closures, concerning the restoration costs required when stores are vacated and the expected periods of store use. The increase of ¥94.274 million resulting from the change in estimates was added to the asset retirement obligation balance before the change.」
The company has disclosed for the first time that it revised its asset retirement obligation estimates based on new information, including store closures, and added ¥94.274 million to the balance.