Change in Estimate for Asset Retirement Obligations
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2025.
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「During the current consolidated fiscal year, the company revised its estimate of the asset retirement obligation recognized for restoration obligations associated with lease agreements after obtaining new information, including recent actual restoration costs incurred. The ¥34,681 thousand increase resulting from the revision was added to the balance of the asset retirement obligation before the revision.」
Based on actual information on restoration costs, the company increased the asset retirement obligation by ¥34,681 thousand, and impairment losses also increased by ¥12,581 thousand. - FY2022-Q3AdvancedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, the company revised its estimate of the asset retirement obligation recognized for restoration obligations associated with lease agreements after obtaining new information on restoration costs. The ¥307,428 thousand decrease resulting from the revision was deducted from the balance of the asset retirement obligation before the revision. The revision increased quarterly net income before income taxes and other adjustments by ¥254,471 thousand for the cumulative nine-month period.」
New information on restoration costs reduced the asset retirement obligation by ¥307,428 thousand and increased quarterly net income before income taxes and other adjustments by ¥254,471 thousand. - FY2022-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, the company revised its estimate of the asset retirement obligation recognized for restoration obligations associated with lease agreements after obtaining new information on restoration costs. The ¥143,149 thousand decrease resulting from the revision was deducted from the balance of the asset retirement obligation before the revision. The revision increased quarterly net income before income taxes and other adjustments by ¥113,604 thousand for the cumulative first-quarter period.」
Based on new information on restoration costs, the company revised its estimate of the asset retirement obligation, reducing the liability by ¥143,149 thousand and increasing quarterly net income before income taxes and other adjustments by ¥113,604 thousand.