Cost reduction for signage and other components used in hourly parking facilities
First written in FY2018-Q3. 1 of 2 entries say "Restated". Latest entry: FY2018.
No other company in this theme has enough history to compare yet.
- FY2018RestatedAnnual report
「In addition, efforts to reduce the cost of materials for signs and other fixtures installed at hourly parking facilities brought their cost below the threshold for recognition as fixed assets. As a result, items previously expensed as depreciation over several years are now expensed in full during the first month after opening.」
The company continues to reduce the cost of materials for signs and other fixtures and describes the resulting change in expense recognition because their cost falls below the threshold for recognition as fixed assets. - FY2018-Q3First statedAnnual report
「In addition, during the current fiscal year, efforts to reduce the cost of materials for signs and other fixtures installed at hourly parking facilities resulted in items previously recognised as fixed assets and depreciated being expensed in full during the first month after opening. This increased installation and construction costs and consumables expenses, becoming a factor weighing on profit.」
The company describes for the first time its initiative to reduce the cost of materials for signs and other fixtures installed at hourly parking facilities.