Change to the Straight-Line Method for Depreciating Property, Plant and Equipment
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
13 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「From the first quarter of the consolidated accounting period, the depreciation method for all property, plant and equipment was changed to the straight-line method. As a result, operating profit, ordinary profit, and quarterly profit before income taxes for the nine months ended the third quarter increased by ¥110 million each compared with the former method.」
The company reaffirmed the application of the straight-line method to all property, plant and equipment and explained that the impact on operating profit and other items for the nine months ended the third quarter was ¥110 million. - FY2019-Q2RestatedAnnual report
「From the first quarter of the consolidated accounting period, the depreciation method for all property, plant and equipment was changed to the straight-line method.」
The company reaffirmed that the straight-line method has been applied to all property, plant and equipment since the first quarter and explained that operating profit and other items for the six months ended the second quarter increased by ¥71 million compared with the former method. - FY2019-Q1First statedAnnual report
「From the first quarter of the current consolidated accounting period, the depreciation method for all property, plant and equipment was changed to the straight-line method.」
In light of major capital investment at the Imabuku Plant and the revision of the medium-term management plan, the company reconsidered how its property, plant and equipment are used and, as more stable operation is expected, has for the first time described the change in accounting policy to depreciate all property, plant and equipment using the straight-line method.