Tokyo Rope Mfg. (5981) · InitiativeDepreciation burden from strategic investments continues
Higher depreciation expense from IT system investments
First written in FY2019-Q3. . Latest entry: FY2020.
3entries
2years
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Profit Pressure from Increased IT System Investment and Operating CostsA theme 8 companies write about · 8 as a headwind · 0 as a tailwind
0 other companies' latest entry also says "Other".
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- FY2020Depreciation burden from strategic investments continuesAnnual report
「Operating profit was ¥1,411 million, down 7.3% from the previous consolidated fiscal year, due mainly to higher depreciation expense and other costs associated with strategic investments, including IT systems and plant refurbishment.」
Higher depreciation expense associated with IT systems and plant refurbishment investments continues to weigh on full-year operating profit. - FY2020-Q2Higher depreciation expense continues to reduce profitAnnual report
「Elevator rope sales remained strong, bringing revenue from the business to ¥14,085 million, up 1.3% year on year. However, operating profit was ¥643 million, down 8.1% year on year, due mainly to higher depreciation expense and other costs associated with capital investments, including IT systems.」
The increase in depreciation expense associated with capital investments, including IT systems, emerged as a factor reducing operating profit by 8.1% year on year despite higher sales. - FY2019-Q3First statedAnnual report
「Profit declined due to higher depreciation expense and other costs associated with IT system investments.」
The increase in depreciation expense associated with IT system investments was specifically identified as a factor behind lower profit in the steel wire and rope business.