Redevelopment and demolition of the Company-owned building housing the Tokyo branch
First written in FY2019-Q2. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2022-Q2.
No other company in this theme has enough history to compare yet.
- FY2022-Q2AchievedAnnual report
「In the real estate leasing business, rental income from the leased portion of the Tokyo sales office, which was rebuilt in December last year, contributed to results, with both revenue and profit exceeding those of the same quarter of the previous year.」
The rebuilding of the Tokyo sales office was completed, and rental income from the leased portion was confirmed to have begun accruing. - FY2021AdvancedAnnual report
「The Group focused on expanding facilities to increase production capacity and grow its real estate leasing business, and made capital investments of ¥872 million during the consolidated fiscal year. Major items included ¥554 million for constructing a building for the Company's Tokyo Sales Office and rental housing in its real estate leasing business, and ¥42 million for a raw-material batching facility at the Company's Kamezaki Plant.」
Investment in building construction, including the Tokyo branch and rental housing, progressed, and the redevelopment and construction plans presented in the previous filing took concrete form as capital expenditure. - FY2020AdvancedAnnual report
「The Group’s plans for the construction of major new facilities are as follows.」
The planned total investment for rebuilding the Tokyo branch office was ¥538.817 million, with completion scheduled for December 2020; ¥163.054 million had already been paid. In addition, work on the 1,250-ton hydraulic press at the Kamezaki Plant was scheduled to begin in December 2020 and be completed in September 2021. - FY2019-Q3RestatedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative third quarter of the current consolidated fiscal year increased by ¥40.749 million, while operating income, ordinary income and quarterly profit before income taxes decreased by the same amount.」
The change in useful lives associated with the redevelopment and demolition plan for the Company-owned building housing the Tokyo branch increased cumulative depreciation expense by ¥40.749 million. - FY2019-Q2First statedAnnual report
「During the second quarter of the current consolidated fiscal period, the Company decided to redevelop and demolish the Company-owned building housing the Tokyo branch. Accordingly, the useful lives of the fixed assets expected to be derecognized were reviewed and changed prospectively to the periods ending in the scheduled month of demolition.」
The Company decided to redevelop and demolish the Company-owned building housing the Tokyo branch and revised the useful lives of the fixed assets expected to be derecognized to the scheduled month of demolition. As a result, depreciation expense for the cumulative second quarter of the current fiscal year increased by ¥10.187 million.