Revision of the useful life of buildings from 3 years to 6 years due to a change in the redevelopment schedule
First written in FY2024-Q2. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the fiscal year increased by ¥4,352 thousand each.」
Following the change in the redevelopment schedule around Toranomon and the extension of the contract period, the useful life was revised from 3 years to 6 years, with the full-year impact on operating profit, ordinary profit and profit before income taxes disclosed as ¥4,352 thousand. - FY2024-Q2First statedAnnual report
「Depreciation had previously been calculated using a useful life of 3 years based on the contract period. However, during the first quarter, the contract period was extended because the redevelopment schedule changed, and the useful life was revised to 6 years prospectively. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the six months ended 31 March increased by ¥2,176 thousand each.」
Following a change in the redevelopment schedule around Toranomon and an extension of the contract period, the building's useful life was changed from 3 years to 6 years, increasing each stated profit measure for the first half by ¥2,176 thousand.