Increase in Asset Retirement Obligations Due to a Change in the Estimated Cost of Asbestos Removal
First written in FY2023. 1 of 3 entries say "Advanced", first in 2026-04-16. Latest entry: FY2026.
The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Update of the change in estimate of asset retirement obligationsAnnual report
「As a result of this change in estimate, ¥1,450 million was added to the balance of asset retirement obligations before the revision. Consequently, operating profit, ordinary profit and profit before income taxes decreased by ¥169 million.」
A change in the estimate of restoration costs increased asset retirement obligations by ¥1,450 million and reduced profit by ¥169 million. - 2026-04-16AdvancedGeneral Meetings of Shareholders
「The increase of ¥1.450 billion resulting from this change in estimate has been added to the asset retirement obligation before the change. As a result of this change in estimate, operating profit, ordinary profit, and profit before income taxes for the current consolidated fiscal year decreased by ¥169 million.」
In response to new information concerning restoration costs when vacating stores, the company has disclosed the amount of the change in its estimate of the asset retirement obligation and its impact on profit. - FY2023First statedAnnual report
「Following the revision of the Air Pollution Control Act, the Company obtained and examined new information, including estimates relating to demolition and removal work, and revised its estimate of asbestos removal costs. The ¥1,099 million increase resulting from this revision was added to asset retirement obligations before the revision. As a result of the change in estimate, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year decreased by ¥193 million.」
In FY2023, the Company revised its estimate of asbestos removal costs in response to the revision of the Air Pollution Control Act and new estimate information, increasing asset retirement obligations by ¥1,099 million and disclosing a ¥193 million impact on profit.