Change in Estimate of Asset Retirement Obligations Based on Store Exit Information
First written in FY2021. . Latest entry: FY2025.
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2025Update to the estimate of asset retirement obligationsAnnual report
「During the consolidated fiscal year, the company revised its estimate of the restoration costs required when vacating stores or otherwise restoring leased premises, based on new information obtained due to store closures and other factors. As a result, ¥3 million was deducted from the balance of asset retirement obligations before the change in estimate.」
Based on new information from store closures and other factors, the company re-estimated restoration costs and reduced asset retirement obligations by ¥3 million. - FY2023Update to the estimate of asset retirement obligationsAnnual report
「During the consolidated fiscal year, the company revised its estimate of the restoration costs required when vacating stores or otherwise restoring leased premises, based on new information obtained due to store closures and other factors. As a result, ¥27 million was deducted from the balance of asset retirement obligations before the change in estimate.」
Based on new information from store closures and other factors, the company revised its estimate of restoration costs and reduced asset retirement obligations by ¥27 million. - FY2021First statedAnnual report
「During the consolidated fiscal year, the company revised its estimate of the restoration costs required when vacating stores or otherwise restoring leased premises, based on new information obtained due to store closures and other factors. The resulting increase of ¥630 million was added to the balance of asset retirement obligations before the change in estimate.」
Based on new information from store closures and other factors, the company revised its estimate of restoration costs and increased asset retirement obligations by ¥630 million.