Change in the depreciation method for property, plant and equipment to the straight-line method
First written in FY2023-Q1. 3 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
1 other company's latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result of this change, compared with the previous method, operating income for the current consolidated fiscal year increased by ¥317 million, while ordinary income and net income before income taxes and other adjustments increased by ¥334 million.」
The Company disclosed the full-year increase in profit resulting from the change in the depreciation method for property, plant and equipment. - FY2023-Q3AdvancedAnnual report
「As a result of this change, compared with the previous method, operating income for the cumulative third quarter of the current consolidated fiscal year increased by ¥227 million, while ordinary income and quarterly net income before income taxes and other adjustments increased by ¥240 million.」
The Company disclosed that the change in the depreciation method for property, plant and equipment increased operating income by ¥227 million and ordinary income and quarterly net income before income taxes and other adjustments by ¥240 million for the cumulative third quarter. - FY2023-Q2AdvancedAnnual report
「As a result of this change, compared with the previous method, operating income for the cumulative second quarter of the current consolidated fiscal year increased by ¥146 million, while ordinary income and quarterly net income before income taxes and other adjustments increased by ¥154 million.」
The Company disclosed that the change in the depreciation method for property, plant and equipment increased operating income by ¥146 million and ordinary income and quarterly net income before income taxes and other adjustments by ¥154 million for the cumulative second quarter. - FY2023-Q1First statedAnnual report
「Previously, the depreciation method for property, plant and equipment, excluding leased assets, was the declining-balance method for machinery and equipment related to specialty paper facilities and the straight-line method for other machinery and equipment, while the declining-balance method was used for other property, plant and equipment, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding building improvements, and for building improvements and structures acquired on or after 1 April 2016. From the current first quarter of the consolidated fiscal year, the Company has changed to the straight-line method.」
The depreciation method for property, plant and equipment, including facilities related to specialty paper, was changed to the straight-line method from the current first quarter of the consolidated fiscal year. The reasons for the change were the commercialization of new products in the specialty materials business, the next medium-term management plan scheduled to begin in April 2023, and the outlook for stable long-term operation of facilities and environmentally friendly investment. As a result, current-quarter operating income increased by ¥69 million and ordinary income and other income increased by ¥73 million compared with the previous method.