Change in depreciation method for building fixtures and structures
First written in FY2017-Q3. 1 of 6 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2019Disclosure of Full-Year ImpactAnnual report
「As a result, compared with the previous method, depreciation expense for the fiscal year decreased by ¥282.255 million, while operating profit and ordinary profit increased by ¥282.255 million each, and loss before income taxes decreased by ¥282.255 million.」
The company disclosed the ¥282.255 million annual cumulative impact on profit of changing the depreciation method for property, plant and equipment to the straight-line method. - FY2019-Q4Updates the cumulative impact of the depreciation-method changeAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative third quarter decreased by ¥227.340 million, while operating profit, ordinary profit, and profit before income taxes for the quarter each increased by ¥227.340 million.」
The company updated its disclosure to show the impact of the change to the straight-line method on depreciation expense and each profit measure for the cumulative third quarter as ¥227.340 million. - FY2019-Q3Discloses the impact of the depreciation-method changeAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative second quarter decreased by ¥145.990 million, while operating profit, ordinary profit, and profit before income taxes for the quarter each increased by ¥145.990 million.」
The company disclosed the impact of the change from the declining-balance method to the straight-line method on depreciation expense and each profit measure for the cumulative second quarter. - FY2019-Q2ReframedAnnual report
「Property, plant and equipment had primarily been depreciated using the declining-balance method, except for buildings acquired on or after 1 April 1998, excluding building fixtures, and building fixtures and structures acquired on or after 1 April 2016, which were depreciated using the straight-line method. From the current fiscal year, the company changed its depreciation method for property, plant and equipment to the straight-line method.」
The change in depreciation methods was expanded from applying only to certain assets to applying the straight-line method to all of the company's property, plant and equipment. The reasons given for the change were the completion of the transition to a production structure serving the parent company's group and the expectation of stable facility operations over the long term. - FY2017RestatedAnnual report
「The company has changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The accounting policy change from the declining-balance method to the straight-line method for depreciating building fixtures and structures was also confirmed in the annual financial statements. - FY2017-Q3First statedAnnual report
「Following an amendment to the Corporation Tax Act, the company applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) in the first quarter accounting period, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
For building fixtures and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method.