Change in Depreciation Method for Solar Power Generation Facilities and Other Assets
First written in FY2017-Q2. 4 of 5 entries say "Restated". Latest entry: FY2018-Q3.
2 other companies' latest entry also says "Restated".
- FY2018-Q3RestatedAnnual report
「As a result of this change, segment profit for the “Nippon Comsys Group” increased by ¥273 million in the nine-month cumulative consolidated period compared with the previous method.」
The accounting policy of applying the straight-line method to machinery and equipment used for solar power generation and other purposes, together with its impact on profit for the nine-month cumulative period, is reiterated. - FY2018-Q2RestatedAnnual report
「As a result of this change, segment profit for the “Nippon Comsys Group” increased by ¥172 million in the second-quarter cumulative consolidated period compared with the previous method.」
The accounting policy of applying the straight-line method to machinery and equipment used for solar power generation and other purposes has been continued, showing a ¥172 million impact on profit for the first-half cumulative period. - FY2018-Q1RestatedAnnual report
「This change was made because revenue from the solar power generation equipment is expected to remain stable over its useful life, and the straight-line method, which allocates costs evenly, was therefore deemed appropriate for the corresponding depreciation expense.」
The accounting policy of applying the straight-line method to machinery and equipment used for solar power generation and other purposes has been continued. - FY2017-Q3RestatedAnnual report
「As a result of this change, operating income, ordinary income and quarterly net income before income taxes for the nine-month cumulative period increased by ¥273 million compared with the previous method.」
The accounting policy of applying the straight-line method to machinery and equipment used for solar power generation and other purposes has been continued, with the impact on profit for the nine-month cumulative period disclosed. - FY2017-Q2First statedAnnual report
「This change was made because revenue from the solar power generation equipment is expected to remain stable over its useful life, and the straight-line method, which allocates costs evenly, was therefore deemed appropriate for the corresponding depreciation expense.」
The depreciation method for machinery and equipment used in the power generation business was changed from the declining-balance method to the straight-line method, increasing operating income, ordinary income and quarterly net income before income taxes for the first-half cumulative period by ¥172 million.