Change in depreciation method for building fixtures and structures from the declining-balance method to the straight-line method
First written in FY2017-Q1. 7 of 8 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
159 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Company and its domestic consolidated subsidiaries use the declining-balance method. However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building-related equipment, and for building-related equipment and structures acquired on or after 1 April 2016.」
The existing depreciation policy, under which the method for building-related equipment, structures and other assets was changed from the declining-balance method to the straight-line method, is reiterated. - FY2021RestatedAnnual report
「The Company and its domestic consolidated subsidiaries use the declining-balance method. However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building-related equipment, and for building-related equipment and structures acquired on or after 1 April 2016.」
The existing policy for the depreciation method applied to building-related equipment, structures and other assets is reiterated. - FY2019-Q3RestatedAnnual report
「The company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The change in the presentation classification relating to tax-effect accounting applied from the beginning of the first quarter of the current consolidated fiscal year is reiterated. - FY2019-Q2RestatedAnnual report
「The company has applied the partial amendments to the Accounting Standard for Tax Effect Accounting (Accounting Standards Board of Japan Statement No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The change in the presentation classification relating to tax-effect accounting applied from the beginning of the first quarter of the current consolidated fiscal year is reiterated. - FY2019-Q1RestatedAnnual report
「We have applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standard No. 28, 16 February 2018) and other standards from the beginning of the first quarter of the current consolidated fiscal year. Deferred tax assets are presented under investments and other assets, while deferred tax liabilities are presented under non-current liabilities.」
The application, from the beginning of the first quarter of the current consolidated fiscal year, of the revised accounting standards and other guidance relating to tax-effect accounting is reiterated. - FY2017-Q3RestatedAnnual report
「In response to the amendment of the Corporation Tax Act, the Company and its domestic consolidated subsidiaries applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) in the first quarter, and changed the depreciation method for building-related equipment and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The change in the depreciation method for building-related equipment and structures applied from the first quarter is reiterated. The impact of the change on profit is stated to be immaterial. - FY2017-Q2RestatedAnnual report
「In response to the amendment of the Corporation Tax Act, the Company and its domestic consolidated subsidiaries applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) in the first quarter, and changed the depreciation method for building-related equipment and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The change in the depreciation method applied from the first quarter is reiterated, and its impact on the cumulative second-quarter results is stated to be immaterial. - FY2017-Q1First statedAnnual report
「In response to the amendment of the Corporation Tax Act, the Company and its domestic consolidated subsidiaries applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) in the first quarter of the current consolidated fiscal year, and changed the depreciation method for building-related equipment and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The depreciation method for building-related equipment and structures acquired on or after 1 April 2016 was changed in response to the tax reform. The impact on operating income and other items is stated to be immaterial.