Change in Useful Lives of Assets Related to Refrigerated and Frozen Display Cases
First written in FY2024-Q1. 3 of 4 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the fiscal year decreased by ¥155 million, while operating income, ordinary income and net income before income taxes each increased by the same amount.」
The full-year impact of the change in useful lives of assets related to refrigerated and frozen display cases was finalized at ¥155 million for depreciation expense and each of the profit measures. - FY2024-Q3AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative third-quarter period decreased by ¥112 million, while operating income, ordinary income and quarterly net income before income taxes each increased by the same amount.」
The cumulative impact of the change in useful lives of assets related to refrigerated and frozen display cases reached ¥112 million for depreciation expense, operating income, ordinary income and quarterly net income before income taxes. - FY2024-Q2AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative second-quarter period decreased by ¥73 million, while operating income, ordinary income and quarterly net income before income taxes each increased by the same amount.」
The cumulative impact of the change in useful lives of assets related to refrigerated and frozen display cases reached ¥73 million for depreciation expense and each of the profit measures. - FY2024-Q1First statedAnnual report
「Among the tools, fixtures and equipment held by the Company, assets related to refrigerated and frozen display cases had been depreciated over useful lives of 5 to 17 years. Following a review of their actual use, we changed their useful life to 10 years from the beginning of the first quarter of the current fiscal year, based on a period that more accurately reflects their expected economic useful lives. As a result, compared with the previous method, depreciation expense for the cumulative first-quarter period decreased by ¥29 million, while operating income, ordinary income and quarterly net income before income taxes each increased by the same amount.」
Changed the useful lives of assets related to refrigerated and frozen display cases from the previous 5–17 years to 10 years, reducing quarterly depreciation expense by ¥29 million and increasing operating income, ordinary income and quarterly net income before income taxes by the same amount.