Shortening of Fixed Asset Useful Lives in Connection with Store Relocation
First written in FY2022-Q3. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q3.
4 other companies' latest entry also says "Advanced".
- FY2023-Q3AdvancedAnnual report
「Following the decision to relocate the store made at the Board of Directors meeting held on 28 December 2022, the useful life of the property, plant and equipment related to the store was shortened and changed prospectively. As a result, ordinary income and income before income taxes and other adjustments for the nine-month period decreased by ¥4 million each.」
The company newly applied the shortened useful life of property, plant and equipment following the decision to relocate the store and disclosed the ¥4 million impact on ordinary income and income before income taxes and other adjustments for the nine-month period. - FY2022AdvancedAnnual report
「Following the decision to relocate the store made at the Board of Directors meeting held on 29 December 2021, the useful life of the property, plant and equipment related to the store was shortened and changed prospectively. As a result, ordinary income and income before income taxes and other adjustments for the current consolidated fiscal year decreased by ¥50 million each.」
The shortening of the useful life of property, plant and equipment following the decision to relocate the store was finalised as the accounting treatment for the full fiscal year, and the ¥50 million impact on profit was disclosed. - FY2022-Q3First statedAnnual report
「The buildings, building fixtures and structures at the operating branches held by our bank had previously been depreciated over useful lives of 3 to 50 years. However, following the Board of Directors' resolution on 29 December 2021 to relocate the branch, the useful life of the fixed assets related to that branch was shortened and changed on a prospective basis.」
Following the decision to relocate the store, the useful lives of the relevant property, plant and equipment were shortened. As a result, operating income and income before income taxes and other adjustments for the nine-month period decreased by ¥15 million each.