Change in depreciation method following a shift toward a development-focused management strategy
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
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- FY2020-Q3RestatedAnnual report
「Certain domestic consolidated subsidiaries had used the declining-balance method to depreciate property, plant and equipment, including tools, furniture and fixtures, and equipment, but changed to the straight-line method from the first quarter of the consolidated accounting period. This change followed a review of the depreciation method for property, plant and equipment in light of the shift in the management strategy of the domestic consolidated subsidiaries focused on development, with a view to standardizing the Group's depreciation methods and appropriately calculating income and expenses by period. The Company consequently determined that the straight-line method was a rational method that more appropriately reflects the economic substance.」
The change from the declining-balance method to the straight-line method, prompted by the shift in the management strategy of domestic consolidated subsidiaries focused on development, continues to be applied. For the first 3 quarters, operating income, ordinary income and quarterly net income before income taxes and other adjustments increased by ¥3,834 thousand as a result of the change. - FY2020-Q2RestatedAnnual report
「Certain domestic consolidated subsidiaries had used the declining-balance method to depreciate property, plant and equipment, including tools, furniture and fixtures, and equipment, but changed to the straight-line method from the first quarter of the consolidated accounting period.」
The change from the declining-balance method to the straight-line method, prompted by the shift in the management strategy of domestic consolidated subsidiaries focused on development, continues to be applied. Operating income and other items for the first 2 quarters of the current period increased by ¥1,739 thousand as a result. - FY2020-Q1First statedAnnual report
「Certain domestic consolidated subsidiaries had used the declining-balance method to depreciate property, plant and equipment, including tools, furniture and fixtures, and equipment, but changed to the straight-line method from the first quarter of the current consolidated accounting period. This change followed a review of the depreciation method for property, plant and equipment in light of the shift in the management strategy of the domestic consolidated subsidiaries focused on development, with a view to standardizing the Group's depreciation methods and appropriately calculating income and expenses by period. The Company consequently determined that the straight-line method was a rational method that more appropriately reflects the economic substance. As a result of this change, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the first quarter of the current consolidated cumulative period increased by ¥1,312 thousand compared with the previous method.」
Following the shift in the management strategy of domestic consolidated subsidiaries focused on development, the depreciation method was changed from the declining-balance method to the straight-line method. As a result, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the first quarter increased by ¥1,312 thousand.