No Treatment upon Incurrrence of Vehicle Inspection Costs under Maintenance Contracts
First written in FY2017-Q3. 2 of 3 entries say "Dropped", first in FY2018-Q1. Latest entry: FY2019-Q1.
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- FY2019-Q1DroppedAnnual report
「Revenue from the automotive services business was ¥3,741 million, up 1.0% year on year, due mainly to an increase in maintenance contract units in the vehicle maintenance business. Operating income was ¥16 million, down 74.8% year on year, owing mainly to higher outsourcing costs in the vehicle maintenance business.」
There is no mention of the cessation of recognition when incurred of vehicle inspection costs under maintenance contracts. - FY2018-Q1DroppedAnnual report
「Revenue from the automotive services business was ¥3,705 million, up 1.7% year on year, due mainly to an increase in lease contract units in the vehicle leasing business.」
There is no mention of the cessation of recognition when incurred of vehicle inspection costs under maintenance contracts, and it is not cited as a profit factor for the automotive services business this quarter. - FY2017-Q3First statedAnnual report
「Operating profit was ¥417 million, up 8.6% year on year, mainly because the recognition of vehicle inspection costs when incurred under maintenance contracts, which occurred in the previous fiscal year, did not occur in the current fiscal year, along with other factors.」
The fact that vehicle inspection costs under maintenance contracts, which were incurred in the previous fiscal year, were no longer recognized when incurred in the current fiscal year is cited as a factor behind higher operating profit in the automotive services business.