Change in the Depreciation Method for Property, Plant and Equipment to the Straight-Line Method
First written in FY2022-Q1. 2 of 3 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022-Q3.
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- FY2022-Q3AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the nine months ended 30 June increased by ¥10.279 million each.」
As a result of changing the depreciation method for tools, equipment and fixtures to the straight-line method, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the nine months ended 30 June increased by ¥10.279 million each. - FY2022-Q2AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the six months ended 31 March increased by ¥5.304 million each.」
As a result of changing the depreciation method for tools, equipment and fixtures to the straight-line method, each of the relevant profits for the six months ended 31 March increased by ¥5.304 million. - FY2022-Q1First statedAnnual report
「The company had traditionally used the declining-balance method to depreciate tools, equipment and fixtures among its property, plant and equipment, but changed to the straight-line method from the beginning of the first quarter of the current fiscal year. The change followed a renewed review of the depreciation method prompted by the planned start of operation of a large-scale server during the current consolidated fiscal year and the formulation of the capital investment plan under the medium-term management plan for the fiscal years ending September 2022 through September 2024. The company determined that the straight-line method was more reasonable because it expects the equipment to operate stably over the long term and the investment benefits to arise evenly over time.」
The depreciation method for tools, equipment and fixtures was changed from the declining-balance method to the straight-line method, prompted by the planned start of operation of a large-scale server and the formulation of the capital investment plan under the medium-term management plan for the fiscal years ending September 2022 through September 2024.