Temporary Costs Incurred Before New Equipment and a New Plant Enter Full-Scale Operation
First written in FY2020-Q1. 2 of 7 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2019: 7 of 14 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Although depreciation and amortization increased as new facilities and the new plant commenced full-scale operations, operating profit significantly exceeded the same period of the previous year because higher production utilization reduced costs and selling, general and administrative expenses, including freight, declined.」
Although the burden of depreciation and amortization associated with the full-scale operation of new equipment and a new plant continued, its impact on profit was reduced by lower costs resulting from higher production utilization and a decrease in selling, general and administrative expenses. - FY2021-Q3MitigatedAnnual report
「Although depreciation and amortization increased as new facilities and the new plant commenced full-scale operations, operating profit significantly exceeded the same period of the previous year because higher production utilization reduced costs and selling, general and administrative expenses, including freight, declined.」
Although the burden of depreciation and amortization associated with the full-scale operation of new equipment and a new plant continued, its impact on profit was reduced by lower costs resulting from higher production utilization and a decrease in selling, general and administrative expenses. - FY2021-Q2RestatedAnnual report
「Operating profit fell below the year-earlier level because depreciation and amortization associated with the full-scale operation of new equipment and a new plant increased, despite a decrease in selling, general and administrative expenses, including freight costs.」
Depreciation and amortization associated with the full-scale operation of new equipment and a new plant continues to be cited as a factor weighing on operating profit. - FY2021-Q1Shift to earnings pressure from depreciation and amortizationAnnual report
「Operating profit fell significantly short of the same period of the previous year because depreciation and amortization increased as new facilities and the new plant commenced full-scale operations.」
The shift from temporary costs such as labor expenses and airfares incurred before full-scale operations to depreciation and amortization associated with the full-scale operation of new equipment and a new plant was cited as a factor weighing on profit. - FY2020-Q3Change in the composition of equipment-utilization-related costsAnnual report
「Operating profit fell well below the same period of the previous year due to increases in personnel expenses in preparation for the full-scale operation of new equipment and new plants and in depreciation expenses.」
The increase in depreciation and amortization, in addition to existing costs such as labor expenses, was cited as a factor weighing on operating profit in connection with the full-scale operation of new equipment and a new plant. - FY2020-Q2RestatedAnnual report
「Operating profit fell well below the same period of the previous year due to temporary increases in personnel expenses in preparation for the full-scale operation of new equipment and new plants, as well as air freight and other costs associated with meeting delivery deadlines for the United States in excess of production capacity.」
The situation continues in which personnel expenses before new equipment and new plants begin full-scale operations, along with air freight costs incurred to meet delivery deadlines for the United States, weigh on operating profit as temporary expenses. - FY2020-Q1MaterialisedAnnual report
「Operating profit fell significantly short of the same period of the previous year because of temporary increases in personnel expenses, airfreight and other costs ahead of the full-scale operation of new facilities and the new plant.」
Temporary increases in personnel expenses, air freight and other costs before new equipment and new plants began full-scale operations actually occurred, putting downward pressure on operating profit in the Human Infrastructure Business segment.