Change in Useful Lives Following Distribution Center Closure and Redevelopment Decisions
First written in FY2018-Q3. . Latest entry: FY2018.
4 other companies' latest entry also says "Other".
- FY2018Annual impact updatedAnnual report
「During the fiscal year under review, following the decision to close and rebuild certain distribution centers, the useful lives of property, plant and equipment that will become unnecessary were revised to the period ending on the scheduled closure dates. As a result, compared with the previous method, operating income, ordinary income, and profit before income taxes for the fiscal year under review each decreased by ¥64 million. Operating income, ordinary income, and profit before income taxes for the following fiscal year will each decrease by ¥178 million.」
The description states that changes in the useful lives associated with the closure and rebuilding of distribution centers reduced current-year profit by ¥64 million, with an expected reduction of ¥178 million in the following fiscal year. - FY2018-Q3First statedAnnual report
「During the third quarter, following the decision to close and redevelop certain distribution centers, we revised the useful lives of fixed assets that would no longer be needed to the periods ending on the scheduled closure dates. As a result, operating profit, ordinary profit and profit before income taxes for the nine months ended December 31 decreased by ¥16 million each compared with the previous method.」
Reports the useful-life revision following decisions to close and redevelop distribution centers and the resulting ¥16 million decrease in each profit measure.