Review of vending machine useful lives to 9 years
First written in FY2016-Q3. 3 of 5 entries say "Restated". Latest entry: FY2022-Q2.
0 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「As a result, from the first quarter of the current consolidated fiscal year, we reviewed the principal useful life of vending equipment to 11 years and applied the change prospectively. Compared with using the previous useful life, operating loss and quarterly loss before income taxes for the six-month period of the current fiscal year decreased by ¥4,450 million, respectively.」
The review of the useful life of vending equipment to 11 years continued to be applied, with the impact on operating loss and quarterly loss before income taxes for the six-month period disclosed as ¥4,450 million. - FY2022-Q1ReframedAnnual report
「As a result, from the first quarter of the current consolidated fiscal year, we reviewed the principal useful life of vending equipment to 11 years and applied the change prospectively. Compared with using the previous useful life, operating loss and quarterly loss before income taxes for the three-month period of the current fiscal year decreased by ¥2,331 million, respectively.」
The useful life of vending equipment was changed from the previous 9 years to 11 years. In light of changes in consumer purchasing behavior after the COVID-19 pandemic, the company stated that its medium-term management plan would incorporate a policy of using vending equipment for longer and more effectively. - FY2017RestatedAnnual report
「Vending equipment is depreciated using the straight-line method, with a principal useful life of 9 years.」
The accounting treatment based on a 9-year useful life for vending equipment continues to be applied. - FY2016RestatedAnnual report
「Vending equipment had previously been depreciated based on a principal useful life of 5 to 6 years. As the introduction of new, higher-performance vending machines is expected to change the equipment mix and enable longer use, we reviewed the principal useful life of vending equipment to 9 years from the current consolidated fiscal year and applied the change prospectively.」
The review of the useful life of vending equipment from 5–6 years to 9 years continued to be reported for the full year. The impact on operating income and other items for the full year was an increase of ¥7,067 million. - FY2016-Q3First statedAnnual report
「Vending equipment had previously been depreciated based on a principal useful life of 5 to 6 years. As the introduction of new, higher-performance vending machines is expected to change the equipment mix and enable longer use, we reviewed the principal useful life of vending equipment to 9 years from the first quarter of the consolidated fiscal year and applied the change prospectively. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the nine-month period of the current fiscal year increased by ¥5,386 million, respectively.」
The useful life was reviewed from 5–6 years to 9 years due to the introduction of new vending machines and the expectation of longer use. The disclosed impact on operating income and other items for the nine-month period was an increase of ¥5,386 million.