Change to the straight-line depreciation method following the start of operations at the new plant
First written in FY2024-Q1. 1 of 4 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Other".
- FY2024Finalized the reduction in depreciation expense for the full fiscal yearAnnual report
「As a result, depreciation expense for the current consolidated fiscal year decreased by ¥412.412 million compared with the previous method, while operating income, ordinary income and income before income taxes each increased.」
The change to the straight-line method prompted by the launch of the new plant was applied for the full year, reducing depreciation expense by ¥412.412 million compared with the previous method. - FY2024-Q3Updated the reduction in depreciation expenseAnnual report
「As a result, depreciation expense for the cumulative third quarter of the current consolidated fiscal year decreased by ¥297.163 million compared with the previous method, while operating income, ordinary income and income before income taxes each increased.」
The company continued to apply the straight-line method introduced from the first quarter, and depreciation expense for the cumulative third quarter decreased by ¥297.163 million compared with the previous method. - FY2024-Q2RestatedAnnual report
「The company and its consolidated subsidiaries had previously used the declining-balance method to depreciate property, plant and equipment, 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 of the current consolidated fiscal year, they have changed to the straight-line method. Following the launch of a new plant manufacturing the principal product “Salad Stick,” the company reviewed the depreciation method in light of how the equipment is used. As the equipment is expected to operate steadily going forward, the company determined that it would be more appropriate to allocate depreciation expense evenly over the equipment’s useful lives and changed to the straight-line method. As a result, depreciation expense for the cumulative second quarter of the current consolidated fiscal year decreased by ¥193.506 million compared with the previous method, while operating income, ordinary income and income before income taxes each increased.」
The company continued to apply the straight-line method introduced from the first quarter, and depreciation expense for the cumulative second quarter decreased by ¥193.506 million compared with the previous method. - FY2024-Q1First statedAnnual report
「The company and its consolidated subsidiaries had previously used the declining-balance method to depreciate property, plant and equipment, 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 current first quarter of the consolidated fiscal year, they have changed to the straight-line method. Following the launch of a new plant manufacturing the principal product “Salad Stick,” the company reviewed the depreciation method in light of how the equipment is used. As the equipment is expected to operate steadily going forward, the company determined that it would be more appropriate to allocate depreciation expense evenly over the equipment’s useful lives and changed to the straight-line method. As a result, depreciation expense for the cumulative first quarter of the current consolidated fiscal year decreased by ¥92.366 million compared with the previous method, while operating loss and ordinary loss each decreased and income before income taxes increased.」
Following the launch of the company’s second head-office plant, it reviewed how the equipment was used and changed the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method. As a result, depreciation expense for the first quarter decreased by ¥92.366 million.