Change in the estimate of landfill maintenance costs
First written in FY2024-Q2. 1 of 4 entries say "Materialised", first in 2026-05-14. Latest entry: 2026-05-14.
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- 2026-05-14MaterialisedEarnings
「The end of the offsetting effect from the re-estimation of asset retirement obligations at final disposal sites and higher depreciation due to increased amortization rates」
The end of the offsetting effect from re-estimating asset retirement obligations and higher depreciation due to increased amortization rates were cited as factors weighing on full-year earnings. - FY2026-H1Offsetting benefit from re-estimating asset retirement obligations endedAnnual report
「The end of the offsetting effect from the re-estimation of asset retirement obligations at final disposal sites and higher depreciation due to increased amortization rates」
The prior offsetting benefit from re-estimation ended, while higher depreciation expense due to higher depreciation rates became a factor reducing profit. - FY2024-Q3Cumulative impact disclosedAnnual report
「The ¥394 million decrease resulting from the change in estimate was deducted from the pre-change asset retirement obligation balance. As a result, operating profit, ordinary profit and profit before income taxes for the nine months ended December 31 each increased by ¥187 million.」
The disclosure reported a ¥394 million liability reduction and a ¥187 million increase in each profit measure for the nine-month period. - FY2024-Q2First statedAnnual report
「During the three months ended September 30, we revised the estimate for the asset retirement obligation recognized based on maintenance costs after the closure of the Group’s final disposal sites, following the receipt of new information on recent maintenance costs. The ¥394 million decrease resulting from the change in estimate was deducted from the pre-change asset retirement obligation balance. As a result, operating profit, ordinary profit and profit before income taxes for the six months ended September 30 each increased by ¥106 million.」
The asset retirement obligation was revised based on new information on maintenance costs at existing final disposal sites, reducing the balance by ¥394 million. Each of the three profit measures increased by ¥106 million.