Change in the useful lives of rental assets
First written in FY2023-Q3. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income, and profit before income taxes for the consolidated fiscal year increased by ¥419.410 million each.」
Regarding the change in the useful lives of rental assets, the disclosure states that the full-year impact of applying the change from the third quarter was an increase of ¥419.410 million each in operating income, ordinary income, and profit before income taxes. - FY2023-Q3First statedAnnual report
「From the beginning of the third quarter of the current fiscal year, the Company changed the useful lives of certain rental assets that it owns. This change reflects the trend toward longer periods of use for rental assets than previously assumed, based on a comprehensive review of accumulated data from the acquisition to disposal of certain rental assets and the business environment. As a result, compared with the previous method, operating income, ordinary income, and profit before income taxes for the cumulative nine months of the current fiscal year increased by ¥215.736 million each.」
Based on data from the acquisition to disposal of rental assets and the business environment, the Company applied a change extending the useful lives of certain assets from the beginning of the third quarter of the current fiscal year and disclosed an increase of ¥215.736 million each in operating income, ordinary income, and quarterly profit before income taxes.