Change in depreciation method in light of store network expansion
First written in FY2017-Q1. 5 of 6 entries say "Restated". Latest entry: FY2020.
18 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Group is preparing for store openings under its medium-term management plan, as well as for operational efficiency improvements and the establishment of a product supply system to support future business expansion,」
The company has reconfirmed its capital investment policy based on store openings under the medium-term management plan, operational efficiency improvements, and the establishment of a product supply system. - FY2018RestatedAnnual report
「The Group is preparing for store openings under its medium-term management plan, as well as for operational efficiency improvements and the establishment of a product supply system to support future business expansion,」
The company has reconfirmed its capital investment policy based on store openings under the medium-term management plan, operational efficiency improvements, and the establishment of a product supply system. - FY2017RestatedAnnual report
「From the current consolidated fiscal year onward, store expansion, primarily of small and medium-sized stores, is expected to accelerate based on the medium- to long-term management strategy, and ... the depreciation method will be changed from the declining-balance method to the straight-line method.」
The company has reconfirmed in its annual results the change in the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method, driven by store expansion. - FY2017-Q3RestatedAnnual report
「From the current consolidated fiscal year onward, the company expects store expansion, primarily of small and medium-sized stores, to accelerate based on its medium- to long-term management strategy. After reviewing the use of property, plant and equipment and the depreciation method, the company determined that few facilities undergo significant deterioration or functional decline over time and that the facilities are used steadily throughout their useful lives. Accordingly, from the standpoint of matching store operating costs with sales, it judged that having the costs of capital investments, including existing facilities, borne evenly each period would reasonably reflect the company's economic circumstances, and changed the depreciation method from the declining-balance method to the straight-line method.」
The company has reiterated its accounting policy of changing from the declining-balance method to the straight-line method in preparation for expanding the store network. - FY2017-Q2RestatedAnnual report
「From the current consolidated fiscal year onward, the company expects store expansion, primarily of small and medium-sized stores, to accelerate based on its medium- to long-term management strategy. After reviewing the use of property, plant and equipment and the depreciation method, the company determined that few facilities undergo significant deterioration or functional decline over time and that the facilities are used steadily throughout their useful lives. Accordingly, from the standpoint of matching store operating costs with sales, it judged that having the costs of capital investments, including existing facilities, borne evenly each period would reasonably reflect the company's economic circumstances, and changed the depreciation method from the declining-balance method to the straight-line method.」
The company has reiterated its accounting policy of changing from the declining-balance method to the straight-line method in preparation for expanding the store network. - FY2017-Q1First statedAnnual report
「From the current consolidated fiscal year onward, the company expects store expansion, primarily of small and medium-sized stores, to accelerate based on its medium- to long-term management strategy. After reviewing the use of property, plant and equipment and the depreciation method, the company determined that few facilities undergo significant deterioration or functional decline over time and that the facilities are used steadily throughout their useful lives. Accordingly, from the standpoint of matching store operating costs with sales, it judged that having the costs of capital investments, including existing facilities, borne evenly each period would reasonably reflect the company's economic circumstances, and changed the depreciation method from the declining-balance method to the straight-line method.」
Against a backdrop of expected accelerated expansion of small and medium-sized stores, the company changed the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method.