Additional Recognition of Asset Retirement Obligations Associated with Store Closures and Business Conversion
First written in FY2017. 5 of 10 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Kintetsu Department Store moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 3 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The ¥144 million increase resulting from this change in estimate was added to the balance of asset retirement obligations before the change.」
Restoration costs and other items were reassessed in connection with decisions to close stores and other matters, and ¥144 million in asset retirement obligations was additionally recognized. - 2026-04-10AdvancedEarnings
「During the consolidated fiscal year under review, we revised estimates for restoration costs and other expenses required upon vacating properties, based on the most recently available information, in connection with decisions to close stores and other matters.」
Estimates for asset retirement obligations were revised following decisions to close stores, resulting in an additional ¥144 million provision. - FY2026-H1MaterialisedAnnual report
「During the current interim consolidated accounting period, ¥97 million was added to asset retirement obligations as a result of a change in estimate associated with the closure of the Nagoya store.」
Asset retirement obligations of ¥97 million were additionally recognized in connection with the closure of the Nagoya store, representing an actual additional recognition associated with a store closure. - FY2023MitigatedAnnual report
「Decrease resulting from settlement of asset retirement obligations (*2): △¥277 million」
During the current consolidated fiscal year, asset retirement obligations decreased by ¥277 million as a result of settlement, leaving an ending balance of ¥69 million. The disclosure concerns the settlement and reduction of existing obligations, not additional recognition. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, ¥17 million was added to asset retirement obligations as a result of a change in estimate reflecting an increase arising from the re-estimation of our asset retirement obligations.」
Regarding the risk of additionally recognizing asset retirement obligations associated with vacating stores and other facilities or converting businesses, ¥17 million was additionally recognized during the current fiscal year as a result of re-estimation. - FY2021MaterialisedAnnual report
「During the current consolidated fiscal year, ¥2 million was added to asset retirement obligations as a result of a change in estimate following a subsidiary’s decision to vacate a store.」
Regarding the risk of additionally recognizing asset retirement obligations upon store closures or business conversions, ¥2 million was actually additionally recognized following a subsidiary’s decision to vacate a store. - FY2020MaterialisedAnnual report
「During the current consolidated fiscal year, ¥94 million was added to asset retirement obligations as a result of a change in estimate associated with the closure of Star Island.」
Previously described as a possibility of additional recognition upon future store closures or business conversions, asset retirement obligations of ¥94 million were actually additionally recognized in connection with the closure of Star Island. - FY2019RestatedAnnual report
「Accordingly, if a decision is made in the future to close a store or convert a business involving assets for which asset retirement obligations have not been recognized, additional asset retirement obligations may be recognized.」
The possibility of additionally recognizing unrecorded asset retirement obligations as a result of decisions to close stores or convert businesses is reiterated. - FY2018RestatedAnnual report
「Accordingly, if a decision is made in the future to close a store or convert a business involving assets for which asset retirement obligations have not been recognized, additional asset retirement obligations may be recognized.」
The possibility of additionally recognizing unrecorded asset retirement obligations as a result of decisions to close stores or convert businesses is reiterated. - FY2017First statedAnnual report
「Accordingly, if a decision is made in the future to close a store or convert a business involving assets for which asset retirement obligations have not been recognized, additional asset retirement obligations may be recognized.」
The possibility of additionally recognizing asset retirement obligations not currently recorded as a result of future decisions to close stores or convert businesses is described.