Extension of the useful lives of LNG-fueled ferries
First written in FY2024-Q1. 3 of 4 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「As a result, compared with the previous method, cost of sales for the current consolidated fiscal year decreased by ¥1,712 million, while operating income, ordinary income and income before income taxes each increased by the same amount.」
Applied the change in the useful life from 15 years to 20 years, prompted by the completion of an LNG-fueled ferry, for the full fiscal year, resulting in a ¥1,712 million impact on profit. - FY2024-Q3AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and income before income taxes for the nine-month period ended the third quarter each increased by ¥1,284 million.」
Disclosed that the change in the useful life from 15 years to 20 years, prompted by the completion of an LNG-fueled ferry, had a ¥1,284 million impact on profit for the nine-month period ended the third quarter. - FY2024-Q2AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and income before income taxes for the six-month period ended the second quarter each increased by ¥856 million.」
Disclosed that the change in the useful life from 15 years to 20 years, prompted by the completion of an LNG-fueled ferry, had an ¥856 million impact on profit for the six-month period ended the second quarter. - FY2024-Q1First statedAnnual report
「Regarding ferries owned by the group, following the completion of an LNG-fueled ferry and a review of the expected future period of use taking into account actual usage and other factors, it became clear that the ferries could be used for longer than their previous useful lives. Accordingly, from the first quarter of the current consolidated fiscal year, we changed the useful lives from the previous 15 years to 20 years.」
Prompted by the completion of an LNG-fueled ferry and a review of its expected service life, the useful life of ferries was changed from 15 years to 20 years. As a result, operating income, ordinary income and income before income taxes for the six-month period ended the first quarter each increased by ¥428 million.