Change in the estimate of asset retirement obligations following office expansion
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2018: 1 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the first quarter of the current consolidated fiscal period, the Company changed its estimates for restoration costs required upon vacating the premises and the expected period of use after obtaining new information associated with the expansion of its office.」
The change in estimates for restoration costs and the expected period of use associated with the office expansion, and the immaterial impact on income or loss, continued to be described in the third quarter. - FY2024-Q2RestatedAnnual report
「During the first quarter of the current consolidated fiscal period, the Company changed its estimates for restoration costs required upon vacating the premises and the expected period of use after obtaining new information associated with the expansion of its office.」
The change in estimates for restoration costs and the expected period of use associated with the office expansion, and the immaterial impact on income or loss, continued to be described in the second quarter. - FY2024-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, the Company changed its estimates for restoration costs required upon vacating the premises and the expected period of use after obtaining new information associated with the expansion of its office. For asset retirement obligations, rather than recording a liability, the Company uses a simplified method under which it reasonably estimates the amount of security deposits related to real estate lease agreements that is ultimately expected to be unrecoverable and records as an expense the portion attributable to the current consolidated fiscal year. The impact of this change in estimates on income or loss for the cumulative first quarter of the current consolidated fiscal year was immaterial.」
The Company changed its estimates for restoration costs and the expected period of use after obtaining new information associated with the expansion of its office. The impact on income or loss was described as immaterial.