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Warabeya Nichiyo Holdings (2918) · FactFull-year update to the amount recognized as an expense

Shortening of the useful lives of fixed assets due to the closure of the Tochigi Plant

First written in FY2020-Q2. . Latest entry: FY2020.

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ProgressHeldSoftenedWorseOtherFY2020-Q2 – FY20202019: 120192020: 22020
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Shortening of the useful lives of fixed assets in connection with a factory closureA theme 2 companies write about · 4 as a headwind · 0 as a tailwind

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  1. FY2020Full-year update to the amount recognized as an expenseAnnual report

    「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes and other adjustments for the current consolidated fiscal year each decreased by ¥433 million.」

    The reduction in profit from shortening the useful lives of fixed assets associated with the closure of the Tochigi Plant totaled ¥433 million for the full fiscal year.
  2. FY2020-Q3Update to recognised expensesAnnual report

    「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes and other adjustments for the cumulative third quarter of the current fiscal year each decreased by ¥247 million.」

    The reduction in profit from shortening the useful lives of fixed assets associated with the closure of the Tochigi Plant was updated from ¥61 million for the cumulative second quarter to ¥247 million for the cumulative third quarter.
  3. FY2020-Q2First statedAnnual report

    「The useful lives of fixed assets that will become unusable due to the closure were shortened and revised prospectively. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes and other adjustments for the cumulative second quarter of the current fiscal year each decreased by ¥61 million.」

    The useful lives of fixed assets that will become unusable due to the closure of the Tochigi Plant were shortened, reducing operating profit and other measures by ¥61 million.
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Shortening of the useful lives of fixed assets due to the closure of the Tochigi Plant | WARABEYA NICHIYO HOLDINGS CO.,LTD. (2918) | Komori