Change in the useful life of refrigerated and frozen display cases
First written in FY2024-Q1. 3 of 4 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the consolidated fiscal year decreased by ¥391 million, while operating profit, ordinary profit and profit before income taxes increased by ¥391 million each.」
The impact of changing the useful life of refrigerated display cases from 5 years to 10 years was ¥391 million in depreciation expense, operating profit and other items for the full fiscal year. - FY2024-Q3AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative third quarter decreased by ¥326 million, while operating profit, ordinary profit and quarterly profit before income taxes increased by ¥326 million each.」
The impact of changing the useful life of refrigerated display cases from 5 years to 10 years was ¥326 million in depreciation expense, operating profit and other items for the cumulative third quarter. - FY2024-Q2AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative second quarter decreased by ¥228 million, while operating profit, ordinary profit and quarterly profit before income taxes increased by ¥228 million each.」
The cumulative impact of changing the useful life of refrigerated display cases from 5 years to 10 years was ¥228 million in depreciation expense, operating profit and other items. - FY2024-Q1First statedAnnual report
「The Company had depreciated refrigerated and frozen display cases over a useful life of 5 years. Following a review of their actual use, the useful life was changed to 10 years from the beginning of the first quarter of the current consolidated fiscal year, based on a more realistic estimate of their economically usable period. As a result, depreciation expense for the first quarter of the current consolidated fiscal year decreased by ¥122 million compared with the previous method, while operating profit, ordinary profit and profit before income taxes increased by ¥122 million each.」
The useful life of refrigerated display cases was changed from 5 years to 10 years, resulting in an impact of ¥122 million on depreciation expense, operating profit and other items in the first quarter.