Increase in liabilities from a change in the estimate for asset retirement obligations
First written in FY2025. . Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 12 companies on the "Worse" side.
35 other companies' latest entry also says "Other".
- FY2026Asset retirement obligation balance after revision of estimates: ¥1,019 millionAnnual report
「During the consolidated fiscal year, it became clear that the removal costs required when the assets are retired were expected to significantly exceed the estimated amount at the time the fixed assets were acquired. Accordingly, ¥438 million was added to the asset retirement obligation balance before the change.」
In FY2026, ¥438 million was added following a revision of the asset retirement obligation estimate. After a ¥484 million reduction due to fulfillment, the balance at the end of the fiscal year was ¥1,019 million. - FY2025First statedAnnual report
「During the consolidated fiscal year, it became clear that the removal costs required when the assets are retired were expected to significantly exceed the estimated amount at the time the fixed assets were acquired. Accordingly, ¥644 million was added to the asset retirement obligation balance before the change.」
Following a revision of the asset retirement obligation estimate, ¥644 million was additionally recognized, increasing the balance from ¥368 million at the end of the previous fiscal year to ¥1,063 million at the end of the current fiscal year. The obligation relates mainly to restoration requirements under leases of land and buildings used in the automotive-related business.