Increase in Depreciation Expense Due to Construction of New Hazardous Materials Warehouse and Vehicle Replacement
First written in FY2017-Q3. 11 of 14 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 7 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「Although earnings have increased due to lower depreciation expense,」
In the international logistics business, lower depreciation expense continues to appear as a factor increasing earnings, and the previous pressure on earnings from higher depreciation expense continues to be reduced. - FY2023MitigatedAnnual report
「In the warehouse business, earnings were on an upward trend due to a substantial decrease in depreciation expense. However, due to a decrease in the volume of export cargo handled as a result of the COVID-19 pandemic, revenue was ¥467 million, down ¥12 million (△2.5%) from the previous fiscal year, while segment profit (operating profit) was ¥96 million, up ¥11 million (12.3%) from the previous fiscal year.」
In the warehouse business, depreciation expense decreased substantially, reducing the pressure on earnings previously caused by higher depreciation expense. - FY2023-Q1RestatedAnnual report
「Although personnel and fuel expenses, including overtime, also increased, the increase in handling volumes resulted in」
The business continues to show a pattern in which higher costs, including personnel, fuel and depreciation expenses, affect earnings. - FY2022-Q1RestatedAnnual report
「Although labor costs, including overtime pay, fuel costs, and depreciation expenses increased, the increase in handling volume resulted in」
Higher personnel, fuel and depreciation expenses continue to be cited as factors affecting earnings. - FY2020RestatedAnnual report
「Due in part to higher depreciation expense associated with the warehouse equipment renewal,」
Higher depreciation expense associated with equipment renewal has newly emerged in full-year results as a factor weighing on warehouse business earnings. - FY2019RestatedAnnual report
「There were also increases in personnel expenses associated with employment measures, fuel costs due to higher crude oil prices, and depreciation expense associated with the vehicle replacement plan, but」
Employment measures, personnel expenses, rising crude oil prices and higher costs associated with vehicle replacement continue to weigh on earnings. - FY2019-Q3RestatedAnnual report
「Higher personnel expenses associated with employment measures, higher fuel costs due to rising crude oil prices, and higher depreciation and amortization expense associated with the vehicle replacement plan,」
Employment measures, rising crude oil prices and higher costs associated with vehicle replacement continue to be cited as factors weighing on company-wide earnings. - FY2019-Q2RestatedAnnual report
「Higher personnel expenses associated with employment measures, higher fuel costs due to rising crude oil prices, and higher depreciation and amortization expense associated with the vehicle replacement plan,」
Employment measures, personnel expenses, crude oil prices and higher costs associated with vehicle replacement continue to be cited as factors weighing on company-wide earnings. - FY2019-Q1RestatedAnnual report
「Due to higher personnel expenses associated with employment measures, higher fuel costs amid persistently high crude oil prices, and higher depreciation and amortization expense associated with the vehicle replacement plan,」
The increase in depreciation expense associated with the vehicle replacement plan, together with higher fuel costs due to persistently high crude oil prices, continues to weigh on earnings. - FY2018RestatedAnnual report
「Although the relocation of the hazardous materials warehouse reduced warehouse lease expenses, higher fuel expenses due to rising crude oil prices, higher vehicle depreciation expenses associated with the vehicle replacement plan, and higher depreciation expenses associated with the construction of the Ukishima hazardous materials warehouse, among other factors,」
Higher depreciation expenses associated with vehicle replacement and the construction of the Ukishima hazardous materials warehouse became factors weighing on full-year profit, together with higher fuel expenses due to rising crude oil prices. - FY2018-Q3RestatedAnnual report
「Although fuel expenses increased due to rising crude oil prices, vehicle depreciation expenses increased in connection with the vehicle replacement plan, and depreciation expenses increased in connection with the construction of the Ukishima hazardous materials warehouse,」
The company continues to cite higher costs associated with rising crude oil prices, vehicle replacement and the construction of the Ukishima hazardous materials warehouse as factors affecting earnings. - FY2018-Q2RestatedAnnual report
「Although fuel expenses increased due to rising crude oil prices, vehicle depreciation expenses increased in connection with the vehicle replacement plan, and depreciation expenses increased in connection with the construction of the Ukishima hazardous materials warehouse,」
The company continues to cite higher costs associated with rising crude oil prices, vehicle replacement and the construction of the Ukishima hazardous materials warehouse as factors affecting earnings. - FY2018-Q1RestatedAnnual report
「Although the relocation of the hazardous materials warehouse reduced warehouse lease expenses, higher fuel expenses due to rising crude oil prices, higher vehicle depreciation expenses associated with the vehicle replacement plan, and higher depreciation expenses associated with the construction of the Ukishima hazardous materials warehouse, among other factors,」
Higher depreciation expenses associated with the vehicle replacement plan and the construction of the Ukishima hazardous materials warehouse continue to weigh on earnings, together with higher fuel expenses due to rising crude oil prices. - FY2017-Q3MaterialisedAnnual report
「Due to higher depreciation expenses associated with the construction of a hazardous materials warehouse and the vehicle replacement plan, as well as higher vehicle repair expenses to support ETC 2.0, among other factors,」
Higher depreciation expenses associated with the construction of a hazardous materials warehouse and the vehicle replacement plan, together with higher vehicle repair expenses, have actually occurred as factors behind the decline in profit.