Shortening the Useful Life Due to the Demolition of the Old Sendai Sales Office Building
First written in FY2020-Q2. 1 of 2 entries say "Achieved", first in FY2020-Q3. Latest entry: FY2020-Q3.
1 other company's latest entry also says "Achieved".
- FY2020-Q3AchievedAnnual report
「As demolition of the former building was completed during the third quarter of the current consolidated fiscal year, there was no impact on quarterly net income before income taxes.」
Demolition of the former Sendai Sales Office building was completed during the third quarter. Due to the shortened useful life, depreciation expense for the cumulative third quarter increased by ¥23.068 million, while operating income and ordinary income decreased by the same amount. - FY2020-Q2First statedAnnual report
「During the second quarter of the current consolidated fiscal year, the company decided to demolish the former building of its Sendai Sales Office. Accordingly, the useful lives of fixed assets that would become unusable were shortened so that depreciation would be completed over the period through the scheduled demolition date. As a result, depreciation expense for the cumulative second quarter increased by ¥23.109 million compared with the previous method, while operating income, ordinary income and quarterly net income before income taxes increased by the same amount.」
Following the decision to demolish the former Sendai Sales Office building, the useful lives of fixed assets that would become unusable were shortened. Depreciation expense increased by ¥23.109 million, while operating income, ordinary income and quarterly net income before income taxes decreased by the same amount.