Change to straight-line depreciation in response to higher shipments and capital investment
First written in FY2018-Q1. 4 of 5 entries say "Restated". Latest entry: FY2022.
11 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Depreciation expense is calculated using the straight-line method over the estimated useful lives of the respective components, based on depreciable amounts.」
The straight-line method continues to be applied to depreciation of property, plant and equipment. - FY2020-Q1RestatedAnnual report
「Depreciation expense is calculated using the straight-line method over the estimated useful lives of the respective components, based on depreciable amounts.」
The Company states that it also uses the straight-line method to depreciate property, plant and equipment after adopting IFRS. - FY2018-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries previously primarily used the declining-balance method to depreciate property, plant and equipment, but changed to the straight-line method beginning with the first quarter of the consolidated fiscal year.」
The change in the depreciation method from the declining-balance method to the straight-line method continued to be applied. For the nine months ended the third quarter, the Company disclosed that the change reduced operating loss, ordinary loss and loss before income taxes by ¥60.968 million each. - FY2018-Q2RestatedAnnual report
「As a result of this change, operating loss, ordinary loss and loss before income taxes for the six months ended the second quarter of the current consolidated fiscal year each decreased by ¥37.691 million compared with the previous method.」
The change in the depreciation method from the declining-balance method to the straight-line method continued to be applied, and the impact of ¥37.691 million on the year-to-date period was disclosed. - FY2018-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries had previously used primarily the declining-balance method to depreciate property, plant and equipment, but changed to the straight-line method from the first quarter of the current consolidated fiscal year. In response to increased shipments of natural mineral water in recent years, the Group planned substantial capital investment in water-pumping equipment and production lines. After reviewing the actual use of its property, plant and equipment, the Group determined that the main facilities operate steadily at high utilization in line with natural mineral-water shipments and that the customer base of its core home-delivered water business is growing steadily, with stable revenue expected in the future. It therefore concluded that the straight-line method would be reasonable in terms of matching revenue and expenses and would more appropriately reflect economic substance.」
The depreciation method for property, plant and equipment was changed from the declining-balance method to the straight-line method because of planned high levels of capital investment, stable facility utilization, customer-base growth and expected stable future revenue.