Facility Removal and Asset Retirement Obligations Related to Disaster Prevention Measures in the Haneda Airport 1-chome District
First written in FY2022. 6 of 10 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
Airport Facilities moved to the "Worse" side of this theme in 2022, 4 years before the typical company in this theme (2026).
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The ¥2,354 million increase resulting from the change in this estimate was added to the balance of asset retirement obligations before the change. In addition, a loss on disposal of property, plant and equipment of ¥469 million related to the revised removal costs was recognized as an extraordinary loss.」
Asset retirement obligations increased by ¥2,354 million due to rising construction costs and a review of the removal method, and a loss on disposal of property, plant and equipment of ¥469 million was also recognized. The financial burden associated with the removal has increased further. - FY2026-H1WorsenedAnnual report
「The ¥2,354 million increase resulting from the change in this estimate was added to the balance of asset retirement obligations before the change. In addition, a loss on disposal of property, plant and equipment of ¥469 million related to the revised removal costs was recognized as an extraordinary loss.」
For removal costs in the Haneda Airport 1-chome area, asset retirement obligations increased by ¥2,354 million due to significant increases in construction costs and a review of the removal method, and a loss on disposal of property, plant and equipment of ¥469 million was also recognized. The financial burden associated with the removal has increased. - FY2025MaterialisedAnnual report
「As disaster-prevention measures in the Haneda Airport 1-chome area are being advanced under the National Resilience Basic Plan based on the Basic Act for National Resilience, the company plans to remove its buildings in the area in stages over approximately the next 7 years. Removal work on a large hangar in the area began in May 2025.」
For the removal of facilities in the Haneda Airport 1-chome area, the removal period is expected to be approximately 7 years, and removal work on a large hangar began in May 2025. The project has moved from the planning and estimation stage to actual removal work. - FY2024WorsenedAnnual report
「As disaster-prevention measures in the Haneda Airport 1-chome area are being advanced under the National Resilience Basic Plan based on the Basic Act for National Resilience, the company plans to remove its buildings in the area in stages over approximately the next 1 to 8 years.」
The estimated removal period was shortened to approximately 1 to 8 years from the previous estimate of approximately 3 to 10 years. Asset retirement obligations also increased by ¥53.760 million to ¥4,335.522 million in total. - FY2023-Q3WorsenedAnnual report
「As a result of this change, operating income, ordinary income and profit before income taxes for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥138 million compared with the previous method.」
The impact on profit of shortening the useful lives on the assumption that facilities in the Haneda Airport 1-chome area would be removed increased from ¥92 million for the cumulative second quarter to ¥138 million for the cumulative third quarter. - FY2023-Q2WorsenedAnnual report
「As disaster-prevention measures in the Haneda Airport 1-chome area are being advanced under the National Resilience Basic Plan based on the Basic Act for National Resilience, the company shortened the useful lives of buildings and machinery owned in the area from the beginning of the first quarter of the current consolidated fiscal year so that depreciation will be completed over their remaining expected useful lives. As a result of this change, operating income, ordinary income and profit before income taxes for the cumulative second quarter of the current consolidated fiscal year each decreased by ¥92 million compared with the previous method.」
The impact on profit of shortening the useful lives on the assumption that facilities in the Haneda Airport 1-chome area would be removed increased from ¥46 million for the cumulative first quarter to ¥92 million for the cumulative second quarter. - FY2023-Q1MaterialisedAnnual report
「As disaster-prevention measures in the Haneda Airport 1-chome area are being advanced under the National Resilience Basic Plan based on the Basic Act for National Resilience, the company shortened the useful lives of buildings and machinery owned in the area from the beginning of the first quarter of the current consolidated fiscal year so that depreciation will be completed over their remaining expected useful lives. As a result of this change, operating income, ordinary income and profit before income taxes for the cumulative first quarter of the current consolidated fiscal year each decreased by ¥46 million compared with the previous method.」
The useful lives were shortened on the assumption that facilities in the Haneda Airport 1-chome area would be removed, and the resulting increase in depreciation expenses caused operating income and related measures to each decrease by ¥46 million. - FY2022First statedAnnual report
「As disaster-prevention measures in the Haneda Airport 1-chome area are being advanced under the National Resilience Basic Plan based on the Basic Act for National Resilience, the company plans to remove its buildings in the area in stages over approximately the next 3 to 10 years. As of the end of the current consolidated fiscal year, however, no specific removal plan had been decided.」
The company planned to remove buildings in the Haneda Airport 1-chome area in stages over approximately the next 3 to 10 years and recognized asset retirement obligations of ¥3,885.762 million. Changes in estimates of the timing and scope of removal have become a specific risk that could affect the financial statements.