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BUSINESS BRAIN SHOWA・OTA INC. (9658) · InitiativeFirst stated

Changes in Estimates of Fixed-Asset Useful Lives and Asset Retirement Obligations in Connection with Head Office Relocation

First written in FY2021-Q3. . Latest entry: FY2021-Q3.

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Shortening of the Asset Retirement Obligation Amortization Period Associated with Head Office RelocationA theme 13 companies write about · 13 as a headwind · 0 as a tailwind

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  1. FY2021-Q3First statedAnnual report

    「In connection with the resolution concerning the head office relocation, the Company shortened the useful lives of fixed assets that are not expected to be used after the relocation and changed them prospectively. It also changed the estimated period over which costs relating to asset retirement obligations associated with the restoration obligations under the head office property lease would be allocated. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥31.934 million.」

    In connection with the head office relocation, the Company changed the useful lives of fixed assets not expected to be used and the cost allocation period for asset retirement obligations relating to restoration obligations. The impact on operating income, ordinary income and profit before income taxes for the cumulative third quarter of the current fiscal year was a decrease of ¥31.934 million for each item.
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Changes in Estimates of Fixed-Asset Useful Lives and Asset Retirement Obligations in Connection with Head Office Relocation | BUSINESS BRAIN SHOWA・OTA INC. (9658) | Komori