Shortening the useful lives of property, plant and equipment following the consolidation of production sites
First written in FY2020-Q3. 1 of 2 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「As a result of this change, operating profit, ordinary profit and net income before income taxes for the consolidated fiscal year each decreased by ¥25.347 million compared with the previous method.」
The useful lives were shortened in connection with the closure of the Hatogaya Plant and the consolidation of production sites, with a full-year negative impact of ¥25.347 million on earnings. - FY2020-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 13 November 2019, the Company resolved to consolidate its Group’s 3 current production sites into 2 production sites. Accordingly, the useful lives of property, plant and equipment no longer expected to be used after the consolidation were shortened to their expected remaining service periods. As a result of this change, operating profit, ordinary profit and quarterly net income before income taxes for the cumulative third-quarter consolidated period each decreased by ¥6.223 million compared with the previous method.」
Following the resolution to consolidate production sites, the useful lives of property, plant and equipment no longer expected to be used were shortened, reducing each of the relevant profit measures by ¥6.223 million during the cumulative third-quarter period.