Changes in Estimates of Asset Retirement Obligations Associated with Lease Agreements
First written in FY2021-Q3. 1 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2024.
The whole theme swung hardest in 2020: 2 of 11 companies on the "Worse" side.
31 other companies' latest entry also says "Other".
- FY2024Change in the estimate and settlement of asset retirement obligationsAnnual report
「The ¥10 million increase resulting from this change in estimate has been recorded as an asset retirement obligation.」
The company additionally recorded ¥10 million based on new information about restoration costs, while the balance also decreased through settlement, leaving a closing balance of zero at the end of the current year. - FY2024-Q1Recognition of Gain on Reversal of Asset Retirement ObligationsAnnual report
「Gain on reversal of asset retirement obligations」
The company reversed the difference arising from settlement upon termination of the lease agreement for a store property and recorded a ¥17.085 million gain on reversal of an asset retirement obligation as extraordinary income. - FY2023Re-recognition of asset retirement obligationsAnnual report
「The ¥31.7 million increase resulting from this change in estimate has been recorded as an asset retirement obligation.」
The company re-recognized ¥31.7 million for the asset retirement obligation, whose balance had been zero at the end of the previous year, following a change in estimate based on new information about restoration costs. - FY2022Asset retirement obligation balance eliminated through settlementAnnual report
「Decrease from settlement of asset retirement obligations: ¥8.172 million; closing balance: -」
Of the ¥25.995 million asset retirement obligation recorded following the change in estimate in the previous year, the remaining balance decreased through settlement, leaving a closing balance of zero at the end of the current year. - FY2021AdvancedAnnual report
「The ¥25.995 million increase resulting from this change in estimate has been recorded as an asset retirement obligation.」
The company revised its estimate of the restoration obligation under its lease agreements and recorded an asset retirement obligation of ¥25.995 million. - FY2021-Q3First statedAnnual report
「During the third quarter of the current consolidated fiscal year, the company revised its estimate of the asset retirement obligation related to the obligation to restore leased real estate to its original condition under its property lease agreements, based on newly obtained information.」
The company revised its estimate of the asset retirement obligation related to restoration obligations under property lease agreements based on new information. The impact on the quarterly consolidated financial statements was considered immaterial.