Reduction in the useful lives of fixed assets due to the closure of the Niigata Plant
First written in FY2022-Q3. . Latest entry: FY2022.
0 other companies' latest entry also says "Other".
- FY2022Full-year update to the expense recognized from shortening useful livesAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year decreased by ¥432 million each.」
The full-year reduction in profit resulting from the shortening of the useful lives of fixed assets following the closure of the Niigata Plant amounted to ¥432 million. - FY2022-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 7 October 2021, the company resolved to close the Niigata Plant operated by its consolidated subsidiary, わらべや日洋食品株式会社. The useful lives of fixed assets that will become unusable following the closure were shortened and the change was applied prospectively. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current third quarter of the consolidated fiscal year decreased by ¥180 million each.」
Following the resolution to close the Niigata Plant, the useful lives of fixed assets that will become unusable were shortened. As a change in an accounting estimate, this reduced operating profit, ordinary profit and profit before income taxes for the quarterly period by ¥180 million each.