Review of the estimated useful life of tobacco manufacturing machinery
First written in FY2023-Q1. 3 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「As a result, operating profit for the current fiscal year increased by ¥8,333 million compared with the previous method.」
The revision of the estimated useful lives of tobacco manufacturing machinery from 10–15 years to 18 years increased annual operating profit by ¥8,333 million compared with the previous method. - FY2023-Q3AdvancedAnnual report
「As a result, operating profit for the cumulative third quarter increased by ¥6,623 million compared with the previous method.」
The revision of the estimated useful lives of tobacco manufacturing machinery from 10–15 years to 18 years increased the cumulative impact on operating profit by ¥6,623 million compared with the previous method. - FY2023-Q2AdvancedAnnual report
「As a result, operating profit for the cumulative second quarter increased by ¥4,895 million compared with the previous method.」
The revision of the estimated useful lives of tobacco manufacturing machinery from 10–15 years to 18 years increased operating profit for the cumulative second quarter by ¥4,895 million compared with the previous method. - FY2023-Q1First statedAnnual report
「The Group had previously estimated the useful lives of tobacco manufacturing machinery at 10–15 years. In light of changes in the business environment, the Group revised the useful lives of certain tobacco manufacturing machinery from the current fiscal year to 18 years, based on a more realistic estimate of their economically useful periods, and will apply the change prospectively. As a result, operating profit for the cumulative first quarter of the current fiscal year increased by ¥2,388 million compared with the previous method.」
The estimated useful lives of certain tobacco manufacturing machinery were revised from 10–15 years to 18 years, increasing operating profit for the first quarter by ¥2,388 million compared with the previous method.