Higher restoration costs due to asbestos-emission prevention regulations
First written in FY2021. 3 of 5 entries say "Mitigated", first in FY2024. Latest entry: FY2027-H1.
The whole theme swung hardest in 2021: 3 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「¥14 million was deducted from the asset retirement obligation balance before the revision. As a result, selling, general and administrative expenses, including depreciation, decreased by ¥14 million, while operating profit, ordinary profit and profit before income taxes for the interim period increased by ¥14 million each.」
Asset retirement obligations were reduced by ¥14 million as a result of revising the estimate related to the restoration obligation. - FY2025MitigatedAnnual report
「Regarding the costs of asbestos-emission prevention measures arising from the amendment to the Air Pollution Control Act, ¥10 million was deducted from the asset retirement obligation balance before the revision. Consequently, profit before income taxes increased by ¥3 million.」
Regarding compliance with asbestos-emission prevention regulations, asset retirement obligations were reduced by ¥10 million during the year, increasing profit before income taxes by ¥3 million. - FY2024MitigatedAnnual report
「Regarding the costs of asbestos-emission prevention measures arising from the amendment to the Air Pollution Control Act, the amount added to asset retirement obligations as a result of revising estimates for the fiscal year was ¥0 million.」
The company continues to address asbestos-emission prevention regulations, but the impact of additional estimates on profit before income taxes for the year was ¥0 million. - FY2023MaterialisedAnnual report
「As a result of this revision of estimates, ¥90 million was added to the asset retirement obligation balance before the revision. Consequently, profit before income taxes decreased by ¥78 million.」
Additional estimates were made for the costs of complying with asbestos-emission prevention regulations, increasing asset retirement obligations by ¥90 million and reducing profit before income taxes by ¥78 million. - FY2021First statedAnnual report
「Following amendments to the Air Pollution Control Act, which took effect on 1 April 2021 and expanded the scope of regulations governing asbestos-containing building materials to prevent asbestos emissions during the demolition of buildings and other structures, the company obtained and reviewed new information, including estimates related to asbestos-emission prevention measures, and revised its estimates of the necessary costs. As a result of this revision, ¥531 million was added to the asset retirement obligation balance before the revision, and part of the removal costs corresponding to the asset retirement obligation was recognized as an impairment loss.」
The company newly estimated the costs of asbestos-emission prevention measures arising from the legislative amendment, added ¥531 million to asset retirement obligations, and reduced profit before income taxes by ¥56 million.