Change to the Straight-Line Method of Depreciating Property, Plant and Equipment
First written in FY2021-Q1. 2 of 4 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2022.
7 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company applies the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29, 31 March 2020, hereinafter the “Revenue Recognition Accounting Standard”) and related standards from the beginning of the current consolidated fiscal year. Revenue is recognized at the amount expected to be received in exchange for the promised goods or services when control of those goods or services is transferred to the customer.」
The revenue recognition accounting standard continued to be applied for the full year, with no impact on profit or loss for the current consolidated fiscal year or retained earnings at the beginning of the period. - FY2021AdvancedAnnual report
「As a result of this change, compared with the previous method, gross profit for the current consolidated fiscal year increased by ¥107.863 million, operating loss decreased by ¥153.056 million, and ordinary loss and loss before income taxes decreased by ¥154.706 million.」
The change from the declining-balance method to the straight-line method continued to be applied for the full year, and its quantitative impact was disclosed as an increase of ¥107.863 million in gross profit, a reduction of ¥153.056 million in operating loss and a reduction of ¥154.706 million in ordinary loss and related items. - FY2021-Q3AdvancedAnnual report
「As a result of this change, compared with the previous method, gross profit for the 9-month cumulative period of the current consolidated fiscal year increased by ¥79.191 million, operating loss decreased by ¥112.305 million, and ordinary loss and loss before income taxes decreased by ¥113.955 million.」
The change from the declining-balance method to the straight-line method continued to be applied, and its quantitative impact for the 9-month cumulative period was disclosed as an increase of ¥79.191 million in gross profit, a reduction of ¥112.305 million in operating loss and a reduction of ¥113.955 million in ordinary loss and related items. - FY2021-Q1First statedAnnual report
「Previously, the Company and its consolidated subsidiaries used the declining-balance method to depreciate property, plant and equipment, excluding lease 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 current first quarter of the consolidated fiscal year, the straight-line method has been adopted.」
In conjunction with formulating the capital investment plan under the medium-term management plan, the Company reassessed the actual use of its production facilities and changed its depreciation method from the declining-balance method to the straight-line method on the grounds that this would support long-term stable operation and stable contributions to earnings. As a result of the change, operating loss for the quarter decreased by ¥35.099 million and ordinary loss decreased by ¥36.749 million.