Change in depreciation method for property, plant and equipment following major capital investment
First written in FY2020-Q1. 3 of 4 entries say "Restated". Latest entry: FY2020.
11 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「As a result of this change, operating profit, ordinary profit and net income before income taxes for the consolidated fiscal year each increased by ¥152.179 million compared with the previous method.」
The change from the declining-balance method to the straight-line method prompted by major capital expenditures, and its full-year impact of ¥152.179 million on earnings, are being reconfirmed. - FY2020-Q3RestatedAnnual report
「As a result of this change, operating profit, ordinary profit and quarterly net income before income taxes for the cumulative third-quarter consolidated period each increased by ¥110.419 million compared with the previous method.」
The accounting policy change from the declining-balance method to the straight-line method prompted by major capital expenditures, and its impact on earnings for the cumulative third-quarter period, are being reconfirmed. - FY2020-Q2RestatedAnnual report
「As a result of this change, operating profit, ordinary profit and quarterly net income before income taxes for the cumulative second-quarter consolidated period each increased by ¥69.480 million compared with the previous method.」
The accounting policy change from the declining-balance method to the straight-line method prompted by major capital expenditures, and its impact on earnings for the cumulative second-quarter period, are being reconfirmed. - FY2020-Q1First statedAnnual report
「Previously, the Company and its consolidated subsidiaries used the declining-balance method to depreciate property, plant and equipment, excluding leased assets, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016. From the first-quarter consolidated accounting period, the method was changed to the straight-line method. As a result, operating profit, ordinary profit and quarterly net income before income taxes for the cumulative first-quarter consolidated period each increased by ¥30.275 million compared with the previous method.」
Following major capital expenditures, the Company reviewed the utilization of production equipment and other assets and changed the depreciation method from the declining-balance method to the straight-line method, based on expectations of long-term stable operation and low obsolescence risk.