Revision of the useful life of commercial vehicles from 7 years to primarily 10 years
First written in FY2020-Q1. 3 of 4 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2021.
0 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「Segment profit (operating profit) for the automotive-related business for the fiscal year was ¥326 million higher than it would have been under the previous useful lives of operating vehicles, excluding certain vehicles.」
The impact of revising the useful lives of operating vehicles from 7 years to primarily 10 years materialized as a ¥326 million increase in full-year segment profit for the automotive-related business. - FY2020-Q3AdvancedAnnual report
「As a result, operating profit and profit before tax for the 9-month period were each ¥235 million higher than they would have been under the previous useful lives.」
The impact of changing the useful lives of operating vehicles from 7 years to primarily 10 years materialized as an increase of ¥235 million each in operating profit and profit before tax for the 9-month period. - FY2020-Q2AdvancedAnnual report
「As it became clear that operating vehicles in our group's automotive-related business, excluding certain vehicles, were expected to be used for extended periods due to regular maintenance and other factors, their useful lives were revised from the previous 7 years to primarily 10 years from the first quarter of the fiscal year, with the change applied prospectively. As a result, operating profit and profit before tax for the 6-month period were each ¥154 million higher than they would have been under the previous useful lives.」
The impact of changing the useful lives of operating vehicles from 7 years to primarily 10 years materialized as an increase of ¥154 million each in operating profit and profit before tax for the 6-month period. - FY2020-Q1First statedAnnual report
「As it became clear that operating vehicles in our group's automotive-related business, excluding certain vehicles, were expected to be used for extended periods due to regular maintenance and other factors, their useful lives were revised from the previous 7 years to primarily 10 years from the first quarter of the fiscal year, with the change applied prospectively.」
The useful lives of operating vehicles were changed from the previous 7 years to primarily 10 years, increasing operating profit and profit before tax for the first quarter of the fiscal year by ¥75 million each.