Change in the useful lives of property, plant and equipment related to the logistics business
First written in FY2019-Q1. 3 of 4 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2020.
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- FY2020AdvancedAnnual report
「As a result, depreciation and amortization for the current consolidated fiscal year decreased by ¥1,132 million compared with the previous method, while operating profit, ordinary profit, and profit before income taxes each increased by ¥1,132 million.」
The change in the useful lives of property, plant and equipment in the logistics-related business had a ¥1,132 million impact on cumulative depreciation expense and profit for the full year. - FY2019-Q3AdvancedAnnual report
「As a result, depreciation expense for the cumulative consolidated third quarter decreased by ¥842 million compared with the previous method, while operating profit, ordinary profit and profit before income taxes increased by ¥842 million each.」
The change in the useful lives of property, plant and equipment in the logistics-related business had an impact of ¥842 million each on depreciation expense and operating profit, among other items, for the nine months ended the third quarter. The cumulative impact has been updated from ¥561 million as of the nine months ended the second quarter. - FY2019-Q2AdvancedAnnual report
「As a result, compared with the previous method, depreciation and amortization for the cumulative second quarter of the current consolidated fiscal year decreased by ¥561 million, while operating income, ordinary income and profit before income taxes increased by ¥561 million each.」
Following a change in the useful lives of tangible fixed assets in the logistics-related business, the impact on depreciation and operating profit and other items for the cumulative second quarter was ¥561 million in each case. The cumulative impact has been updated from ¥282 million as of the first quarter. - FY2019-Q1First statedAnnual report
「During the first-quarter consolidated accounting period, when replacing and renewing property, plant and equipment used in the logistics-related business, we reconsidered the actual usage and expected period of use of the property, plant and equipment of consolidated subsidiaries in that business. As a result, from the first-quarter consolidated accounting period, we changed the useful lives of certain items of property, plant and equipment to useful lives based on economically usable forecast periods that more closely reflect actual conditions. As a result, compared with the previous method, depreciation and amortization for the first-quarter cumulative consolidated period decreased by ¥282 million, while operating income, ordinary income and profit before income taxes increased by ¥282 million, respectively.」
The useful lives of property, plant and equipment in the logistics-related business were changed based on a reassessment of actual use and the expected period of use. Depreciation expense for the first quarter decreased by ¥282 million, while operating profit, ordinary profit and quarterly profit before income taxes increased by ¥282 million each.