Change in asset retirement obligation estimates and ¥190 million recorded
First written in FY2024. . Latest entry: FY2026.
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
36 other companies' latest entry also says "Other".
- FY2026Increase in Asset Retirement ObligationsAnnual report
「Balance at beginning of period: ¥192 million; increase from acquisition of property, plant and equipment: ¥20 million; increase from change in estimates: ¥45 million; balance at end of period: ¥259 million」
Asset retirement obligations increased from ¥192 million at the end of the previous fiscal year to ¥259 million. The increase from the acquisition of property, plant and equipment and the change in estimates is disclosed. - FY2025Increase in Asset Retirement ObligationsAnnual report
「Adjustment due to passage of time - 1 Balance at end of period 190 192」
The asset retirement obligation of ¥190 million recorded in the previous fiscal year following a change in estimates increased to ¥192 million at the end of the current fiscal year due to the adjustment for the passage of time. - FY2024First statedAnnual report
「During the consolidated fiscal year, we changed our estimates for the costs required to restore leased properties to their original condition upon vacating and the timing of fulfilling the restoration obligation after obtaining new information, including the completion of major site relocations and the start of discussions by the Board of Directors on the policy for renewing lease agreements for major sites. As a result of this change in estimates, asset retirement obligations and property, plant and equipment of ¥190 million were recorded, although the impact on profit or loss for the consolidated fiscal year was immaterial.」
Following the completion of major site relocations and discussions on policies for renewing lease agreements, estimates of restoration costs and timing were changed, and asset retirement obligations and property, plant and equipment of ¥190 million were recorded.