Change to expensing low-value depreciable assets in full upon acquisition
First written in FY2021-Q1. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
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- FY2021-Q3AchievedAnnual report
「Previously, small depreciable assets with an acquisition cost of ¥100,000 or more but less than ¥200,000 were depreciated monthly over a three-year period. From the first quarter of the current consolidated fiscal year, the company has changed to expensing the full amount when the assets are acquired. This change was made in consideration of the usage of fixed assets and the status of capital investment, with the aim of improving administrative efficiency and strengthening the company's financial position.」
Following the adoption of the change to expensing the full amount of small depreciable assets when acquired, the company disclosed decreases in tools, furniture and fixtures of ¥69 million, deferred tax liabilities of ¥23 million, and retained earnings of ¥45 million for the previous consolidated fiscal year after retrospective application. - FY2021-Q1First statedAnnual report
「Previously, low-value depreciable assets with an acquisition cost of ¥100,000 or more but less than ¥200,000 were depreciated monthly over 3 years. From the first quarter of the current consolidated fiscal year, we changed to expensing the full amount when acquired. The change was made, taking into account the use of fixed assets and the status of capital investment, to improve administrative efficiency and strengthen the financial position.」
Changed the accounting treatment for assets costing ¥100,000 or more but less than ¥200,000 from monthly depreciation over 3 years to full expensing on acquisition, with the aim of improving administrative efficiency and financial soundness.