Review of Fixed-Asset Useful Lives in Line with Product Life Cycles
First written in FY2017-Q1. . Latest entry: FY2017.
3 other companies' latest entry also says "Other".
- FY2017Updated full-year impact amountAnnual report
「As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the consolidated fiscal year decreased by ¥2,643 million each.」
Disclosed a full-year ¥2,643 million decrease in profit for the electronic components business and other businesses due to the change in the useful lives of fixed assets. - FY2017-Q3Updated the cumulative nine-month impactAnnual report
「As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the nine-month period ended the third quarter of the current consolidated fiscal year decreased by ¥2,062 million each.」
The decrease in profit from changing the useful lives of fixed assets reached ¥2,062 million on a cumulative nine-month basis. - FY2017-Q1First statedAnnual report
「The Company and certain consolidated subsidiaries examined product life cycles and the actual use of fixed assets in light of recent changes in the business environment, particularly surrounding smartphones, the growing influence of specific customers and markets on the Company and certain consolidated subsidiaries, and the formulation of the medium-term management plan. After estimating the economically useful periods, they changed the useful lives of machinery and equipment, molds and dies, and jigs and tools from the first quarter of the current consolidated fiscal year to better reflect actual conditions.」
The useful lives of fixed assets were changed after reviewing product life cycles and actual usage, prompted by the business environment centered on smartphones, increased dependence on customers and markets, and the formulation of the medium-term management plan. The change reduced operating profit and other items by ¥833 million.