Changes to the Depreciation Method and Useful Lives of Rental Assets
First written in FY2025-Q1. 2 of 3 entries say "Advanced", first in FY2025-H1. Latest entry: FY2025.
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- FY2025AdvancedAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year increased by ¥1,333.495 million each.」
The change from the declining-balance method to the straight-line method for rental assets and the review of useful lives were applied for the full year, increasing each profit measure by ¥1,333.495 million. - FY2025-H1AdvancedAnnual report
「Rental assets, which are tangible fixed assets of the Group, had previously been depreciated using the declining-balance method by the Company and its domestic consolidated subsidiaries and the straight-line method by its overseas consolidated subsidiaries. From the current interim consolidated accounting period, the Company and its domestic consolidated subsidiaries have also changed to the straight-line method.」「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current interim consolidated accounting period increased by ¥599 million each.」
For rental assets held by domestic consolidated companies, the depreciation method was changed from the declining-balance method to the straight-line method, and useful lives were reviewed based on estimated periods of economic use. As a result, operating profit, ordinary profit and interim net profit before income taxes for the current interim consolidated accounting period each increased by ¥599 million. - FY2025-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries also changed to the straight-line method from the first quarter of the current fiscal year. From the first quarter, useful lives were reviewed based on the estimated economic periods of use that more closely reflect actual conditions. As a result, compared with the previous method, operating income, ordinary income and income before income taxes for the nine months ended the first quarter each increased by ¥271 million.」
The depreciation method for rental assets was changed from the declining-balance method to the straight-line method, and useful lives were revised based on estimated economic periods of use. The change increased each of the relevant profits by ¥271 million for the quarter.