Change to Straight-Line Depreciation for Property, Plant and Equipment in Light of Large-Scale Investments and the Business Model
First written in FY2017-Q1. 3 of 4 entries say "Restated". Latest entry: FY2017.
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- FY2017RestatedAnnual report
「As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before tax for the current consolidated fiscal year each increased by ¥1,453 million.」
The change to the straight-line method for tangible fixed assets, based on major investments and the business model, continues to be applied, and the full-year impact on profit has been disclosed. - FY2017-Q3RestatedAnnual report
「As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before tax for the nine-month period of the third quarter of the current fiscal year each increased by ¥1,062 million.」
The accounting policy change to the straight-line method for depreciating tangible fixed assets continues to be applied, and its impact on profit for the nine-month period has been disclosed. - FY2017-Q2RestatedAnnual report
「As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before tax for the six-month period of the second quarter of the current fiscal year each increased by ¥651 million.」
The change to the straight-line method for tangible fixed assets, based on major investments and the business model, continues to be applied, and its impact on profit for the year-to-date quarter has been disclosed. - FY2017-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries previously used the declining-balance method mainly for depreciating tangible fixed assets other than buildings and structures, excluding leased assets. From the first quarter of the current fiscal year, the depreciation method for all tangible fixed assets has been changed to the straight-line method.」
The accounting policy was changed after reassessing the earnings structure of tangible fixed assets in light of major investments, major investment plans and the fixed-rent arrangements for PARCO.