Shortening the Useful Lives of Fixed Assets Following the Head Office Relocation Decision
First written in FY2019-Q3. 3 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2022.
4 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 May 2022, the company resolved to reduce the floor area of the head office as part of its office optimization measures. As a result, the useful lives of fixed assets that would become unusable due to the reduction were shortened so that depreciation would be completed over the period through the end of September 2022. Compared with the previous method, operating income, ordinary income and profit before income taxes for the fiscal year each decreased by ¥53.502 million.」
Regarding the head office floor-area reduction plan disclosed in the previous quarter, the change in useful lives to complete depreciation by the end of September 2022 was reflected in the annual results, and the impact on profit of ¥53.502 million was stated definitively. - FY2022-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 May 2022, the company resolved to reduce the floor area of the head office as part of its office optimization measures. As a result, the useful lives of fixed assets that would become unusable due to the reduction were shortened so that depreciation would be completed over the period through the scheduled reduction date. Compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative third quarter period each decreased by ¥32.101 million.」
Following the accounting treatment at the time of the head office relocation, the useful lives of fixed assets that would become unusable as a result of the resolution to reduce the head office floor area on 20 May 2022 were shortened. The resulting increase in depreciation expense reduced operating income, ordinary income and profit before income taxes by ¥32.101 million each. - FY2019AdvancedAnnual report
「Since October 2019, the head office functions have changed from Minato-ku, Tokyo to Shinagawa-ku, Tokyo, and the amount includes rent for the former office.」
Regarding the head office relocation based on the resolution of 21 June 2019, it was disclosed that the head office functions changed to Shinagawa-ku from October 2019. Depreciation expense increased by ¥31.218 million as a result of shortening the useful lives of fixed assets in connection with the relocation. - FY2019-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 21 June 2019, the company resolved to relocate its head office. As a result, the useful lives of fixed assets that would become unusable due to the relocation were shortened so that depreciation would be completed over the period through the scheduled relocation date.」
It was disclosed for the first time that the Board of Directors resolved to relocate the head office on 21 June 2019 and that the useful lives of fixed assets that would become unusable due to the relocation were shortened so that depreciation would be completed by the scheduled relocation date.