Change in the useful life of machinery and equipment from 8 years to 10 years
First written in FY2018-Q2. . Latest entry: FY2018.
3 other companies' latest entry also says "Other".
- FY2018Impact amount finalizedAnnual report
「As a result, compared with the previous method, depreciation expense for the fiscal year decreased by ¥47 million, while operating income, ordinary income and income before income taxes and other adjustments each increased by the same amount.」
The impact of changing the useful life of machinery and equipment from 8 years to 10 years was finalized at ¥47 million for the full-year impact on depreciation expense and profit. - FY2018-Q3Update to the impact amountAnnual report
「As a result, compared with the previous method, depreciation expense for the nine months ended 31 December decreased by ¥33 million, while operating income, ordinary income and income before income taxes and other adjustments each increased by the same amount.」
The impact of changing the useful life of machinery and equipment from 8 years to 10 years was updated to show a ¥33 million decrease in depreciation expense and an equivalent increase in operating income and other items for the nine-month period. - FY2018-Q2First statedAnnual report
「The machinery and equipment held by certain consolidated subsidiaries had previously been depreciated using a useful life of 8 years, based on their actual use. However, following a review of the actual period of use prompted by the planned operation of new machinery and equipment in the current consolidated fiscal year, it became clear that the assets were expected to be used for longer than the previous useful life. Accordingly, the useful life was changed to 10 years from the first quarter of the current consolidated fiscal year.」
The useful life of machinery and equipment at certain consolidated subsidiaries was changed from 8 years to 10 years. For the six months ended 30 September, depreciation expense decreased by ¥22 million, while operating income, ordinary income and income before income taxes and other adjustments each increased by the same amount.