Change in depreciation method to the straight-line method following factory expansion and renovation and openings in urban areas
First written in FY2017-Q2. 7 of 8 entries say "Restated". Latest entry: FY2024.
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- FY2024RestatedAnnual report
「Property, plant and equipment, excluding leased assets: straight-line method」
Depreciation of factory equipment, store equipment and other assets continues to be calculated using the straight-line method. - FY2021RestatedAnnual report
「Property, plant and equipment, excluding leased assets: straight-line method」
Depreciation of factory equipment, store equipment and other assets continues to be calculated using the straight-line method. - FY2019RestatedAnnual report
「Property, plant and equipment (excluding leased assets): Straight-line method」
Depreciation of factory equipment, store equipment and other assets continues to be calculated using the straight-line method. - FY2018-Q3RestatedAnnual report
「In terms of profit, gross profit decreased 2.2% year on year due to lower revenue and ¥35 million in higher depreciation expenses at the factory and property taxes.」
Higher depreciation expenses at the factory and property taxes continued to weigh on profit. - FY2018-Q2RestatedAnnual report
「In terms of profit, gross profit decreased 4.6% year on year due to higher depreciation expenses at the factory and other factors, while selling, general and administrative expenses decreased 1.9% year on year.」
Higher depreciation expenses at the factory continued to be cited as a factor behind the decline in gross profit, indicating the impact of the change in depreciation method. - FY2018-Q1RestatedAnnual report
「Gross profit decreased 6.3% from the same period of the previous year due to lower revenue from the food business and higher depreciation expenses at the factory, among other factors. As selling, general and administrative expenses increased 0.3% year on year, operating income was ¥138 million, down 42.8% year on year.」
Higher depreciation expenses at the factory were cited as a factor behind the decline in gross profit, indicating that the impact of the change in depreciation method continued to emerge in the quarter. - FY2017-Q3RestatedAnnual report
「As a result, operating income, ordinary income and quarterly net income before income taxes for the nine months ended the third quarter increased by ¥81.574 million, respectively.」
The change in the depreciation method to the straight-line method continued, with the impact on profit for the nine months ended the third quarter disclosed as ¥81.574 million. - FY2017-Q2First statedAnnual report
「At the Group, following the start of full-scale operations at the production facilities of the expanded and renovated Koga Factory, we reviewed the nature and usage of the manufacturing facilities and the production lines. As we expect the property, plant and equipment of the Company and its domestic consolidated subsidiaries to operate and be used consistently each period going forward, we determined that depreciation using the straight-line method would be reasonable.」
Beginning in the first-quarter consolidated accounting period, the depreciation method for property, plant and equipment was changed mainly from the declining-balance method to the straight-line method. The method for restaurant equipment was also changed to the straight-line method, due to openings concentrated in major urban areas and long-term operations, increasing operating income and other items by ¥48.304 million for the six months ended the second quarter.