Partial Revision of the Calculation Method for Construction Equipment Depreciation
First written in FY2022-Q1. . Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022¥266 Million Increase in ProfitAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the fiscal year increased by ¥266 million each.」
The increase in profit from reviewing the depreciation method for construction equipment was updated from ¥189 million for the cumulative quarters to ¥266 million for the full year. - FY2022-Q3¥189 million increase in profitAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the cumulative third quarter increased by ¥189 million each.」
The increase in profit from reviewing the depreciation method for construction equipment expanded from ¥123 million for the cumulative second quarter to ¥189 million. - FY2022-Q2Increase in the profit impact expandedAnnual report
「The residual value used in calculating depreciation for construction equipment is determined by reference to domestic market prices for steel scrap. As these market prices have been rising in recent years, particularly since 2020, we reviewed the method from the beginning of the first quarter and changed it on a prospective basis. As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the cumulative second quarter increased by ¥123 million each.」
The increase in profit from reviewing the depreciation method for construction equipment expanded from ¥56 million in the first quarter to ¥123 million for the cumulative second quarter. - FY2022-Q1First statedAnnual report
「The residual value used in calculating depreciation for construction equipment is determined by reference to domestic market prices for steel scrap. As these market prices have been rising in recent years, particularly since 2020, we have reviewed the method and changed it on a prospective basis.」
In response to higher market prices for steel scrap, the method for determining the residual value used in calculating depreciation for construction equipment was changed on a prospective basis. The impact of the change on profit is recorded in a separate thread.