Change in Fixed Asset Useful Lives Following Tokyo Head Office Relocation
First written in FY2024-Q2. . Latest entry: FY2024.
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- FY2024Full-year impact updatedAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year each decreased by ¥483 million.」
Updates the decrease in profit resulting from changes in the useful lives of fixed assets and estimates of asset retirement obligations associated with the Tokyo head office relocation from ¥63 million for the cumulative third quarter to ¥483 million for the full year. - FY2024-Q3Updates the cumulative third-quarter impact amount.Annual report
「At a meeting of the Board of Directors held on 31 August 2023, the Company resolved to relocate its Tokyo head office. Accordingly, it revised the useful lives of fixed assets that would no longer be required to the period up to the planned relocation date. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the cumulative third quarter of the current consolidated fiscal year each decreased by ¥63 million.」
Updates the decrease in profit resulting from the change in the useful lives of fixed assets associated with the Tokyo head office relocation from ¥35 million for the cumulative second quarter to ¥63 million for the cumulative third quarter. - FY2024-Q2First statedAnnual report
「Accordingly, we revised the useful lives of fixed assets that would no longer be needed to the period ending on the scheduled relocation date. As a result, operating profit, ordinary profit and profit before income taxes for the six months ended August 31 each decreased by ¥35 million compared with the previous method.」
Following the relocation decision, revised the useful lives of unnecessary fixed assets to the scheduled relocation date, reducing each profit measure by ¥35 million.