Change in depreciation method for solar power generation equipment to the straight-line method
First written in FY2020-Q1. . Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Other".
- FY2020-Q3Increasing impact of the change in depreciation methodAnnual report
「As a result of this change, compared with the previous method, gross profit for the cumulative third quarter period increased by ¥26.438 million, while operating loss, ordinary loss and quarterly net loss before income taxes each decreased by ¥26.438 million.」
The change to the straight-line method for solar power generation equipment continued to be applied, and the impact on earnings for the cumulative third quarter period was ¥26.438 million. - FY2020-Q2Increasing impact of the change in depreciation methodAnnual report
「As a result of this change, compared with the previous method, gross profit for the cumulative second quarter period increased by ¥17.625 million, while operating loss, ordinary loss and quarterly net loss before income taxes each decreased by ¥17.625 million.」
The change to the straight-line method for solar power generation equipment continued to be applied, and the impact on earnings for the cumulative second quarter period was disclosed as ¥17.625 million. - FY2020-Q1First statedAnnual report
「The company had previously used the declining-balance method to depreciate machinery and equipment and vehicles, but changed to the straight-line method for machinery and equipment related to solar power generation equipment from the first quarter accounting period.」
For solar power generation equipment, the depreciation method was changed from the declining-balance method to the straight-line method in view of expected stable long-term operation and contribution to earnings. As a result, gross profit for the quarter increased by ¥8.812 million and operating loss and other losses decreased by ¥8.812 million.