Change to the Straight-Line Method for Depreciating Property, Plant and Equipment
First written in FY2022-Q1. . Latest entry: FY2022.
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- FY2022Full-year impact of the change to the straight-line method disclosedAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the fiscal year each increased by ¥1,902 million.」
As a result of changing the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method, operating profit and other measures each increased by ¥1,902 million for the full year. - FY2022-Q3Updated the impact of the change to the straight-line methodAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the nine months ended ... each increased by ¥1,237 million.」
As a result of changing the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method, operating profit, ordinary profit and profit before income taxes each increased by ¥1,237 million. - FY2022-Q2Disclosed the impact of the change to the straight-line methodAnnual report
「As a result, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the six months ended ... each increased by ¥705 million.」
As a result of changing the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method, operating profit, ordinary profit and profit before income taxes each increased by ¥705 million. - FY2022-Q1First statedAnnual report
「Previously, the Group used the declining-balance method for depreciating all property, plant and equipment, excluding leased assets, except for the Company's buildings. However, from the current first quarter of the consolidated accounting period, the Group has changed to the straight-line method.」
The company reviewed the use of its property, plant and equipment in connection with the increase in openings in its automotive dealership business and changed from the declining-balance method to the straight-line method. As a result of the change, operating profit, ordinary profit and profit before income taxes for the current first quarter increased by ¥306 million each.