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Japan Airlines (9201) · FactFinalization of the full-year impact of changes to useful lives

Changes to the useful lives of aircraft engine parts and cabin-related assets

First written in FY2020-Q1. . Latest entry: FY2021.

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ProgressHeldSoftenedWorseOtherFY2020-Q1 – FY20212019: 220192020: 320202021: 22021
Same theme, other companies
Shortening of the Useful Lives of Aircraft-Related Assets Due to Aircraft Scheduled for RetirementA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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  1. FY2021Finalization of the full-year impact of changes to useful livesAnnual report

    「As a result of this change, operating loss, loss before investment, financing and income taxes, loss before financing and income taxes, and loss before income taxes for the fiscal year each increased by ¥10,829 million.」

    Disclosed the full-year loss impact of changes to the useful lives of aircraft and other assets scheduled for retirement as ¥10.829 billion.
  2. FY2021-Q3Further update to the impact of changes to useful livesAnnual report

    「As a result of this change, cumulative operating loss, loss before investment, financing and income taxes, loss before financing and income taxes, and loss before income taxes for the third quarter each increased by ¥8,103 million.」

    Updated the cumulative loss impact of changes to the useful lives of certain aircraft, engine parts and cabin-related assets scheduled for retirement to ¥8.003 billion.
  3. FY2021-Q2Further update to the impact of changes to useful livesAnnual report

    「As a result of this change, cumulative operating loss, loss before investment, financing and income taxes, loss before financing and income taxes, and loss before income taxes for the second quarter each increased by ¥3,255 million.」

    Disclosed that changes to the useful lives of certain aircraft, engine parts and cabin-related assets scheduled for retirement increased each of the cumulative second-quarter losses by ¥3.255 billion under IFRS.
  4. FY2020Update to the cumulative fiscal-year impactAnnual report

    「As a result of this change, operating income for the fiscal year decreased by ¥8,060 million, while ordinary income and profit before income taxes for the year decreased by ¥5,543 million.」

    Updated the full-year impact of changes to the useful lives of aircraft engine parts and cabin-related assets to a ¥8.060 billion decrease in operating income and a ¥5.543 billion decrease in ordinary income and related measures.
  5. FY2020-Q3Update to the cumulative impact of changes to useful livesAnnual report

    「As a result of this change, cumulative operating income for the third quarter decreased by ¥6,802 million, while ordinary income and profit before income taxes for the quarter decreased by ¥4,880 million.」

    The cumulative impact of the changes to useful lives was updated to a ¥6,802 million decrease in operating income and a ¥4,880 million decrease in ordinary income and related measures.
  6. FY2020-Q2Update to the impact of changes to useful livesAnnual report

    「As a result of this change, cumulative operating income for the second quarter decreased by ¥5,207 million, while ordinary income and profit before income taxes for the quarter decreased by ¥3,654 million.」

    Updated the cumulative impact of changes to the useful lives of certain aircraft engine parts and cabin-related assets to a ¥5.207 billion decrease in operating income and a ¥3.654 billion decrease in ordinary income and related measures.
  7. FY2020-Q1First statedAnnual report

    「We implemented system modifications and other measures to achieve depreciation that more appropriately reflects the estimated future periods of economic use for certain aircraft engine parts and cabin-related assets. As a result, we changed the useful lives of these assets from the first quarter of the current fiscal year. This change reduced operating income by ¥3,370 million and ordinary income and profit before income taxes for the quarter by ¥2,100 million for the cumulative first quarter.」

    Changed the useful lives of certain assets, reducing first-quarter operating income by ¥3.37 billion and ordinary income and profit before income taxes for the quarter by ¥2.1 billion.
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