Change in Depreciation Method for Structures
First written in FY2017-Q1. 3 of 7 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2024-Q3Increase in the cumulative effect of the change in the depreciation methodAnnual report
「As a result, compared with the previous method, operating income for the current third-quarter cumulative period increased by ¥2,245 million, while ordinary income and profit before income taxes and other adjustments for the quarter each increased by ¥2,280 million.」
For the change from the declining-balance method to the straight-line method applied from the first quarter, the company disclosed a ¥2,245 million increase in operating income and a ¥2,280 million increase in ordinary income and related measures for the third-quarter cumulative period. - FY2024-Q2RestatedAnnual report
「As a result, compared with the previous method, operating income for the current second-quarter cumulative period increased by ¥1,317 million, while ordinary income and profit before income taxes and other adjustments for the quarter each increased by ¥1,339 million.」
For the straight-line method for property, plant and equipment applied from FY2024-Q1, the company disclosed a ¥1,317 million increase in operating income and a ¥1,339 million increase in ordinary income and related measures for the second-quarter cumulative period. - FY2024-Q1AchievedAnnual report
「Previously, we and our domestic consolidated subsidiaries primarily used the declining-balance method for depreciating property, plant and equipment, but have changed to the straight-line method from the current first-quarter consolidated accounting period.」
The change from the declining-balance method to the straight-line method announced in FY2023 was applied from the current first-quarter consolidated accounting period. Compared with the previous method, operating income increased by ¥543 million, while ordinary income and profit before income taxes and other adjustments for the quarter increased by ¥550 million. - FY2023ReframedAnnual report
「We had primarily used the declining-balance method for depreciating property, plant and equipment, but will change to the straight-line method from the beginning of the fiscal year ending March 2024. This reflects our judgment that allocating acquisition costs evenly over the useful lives of the assets under the straight-line method will more accurately reflect the actual nature of our business.」
Separately from the previous change in the depreciation method for structures, the company indicated a policy of changing the primary depreciation method for property, plant and equipment from the declining-balance method to the straight-line method from the fiscal year ending March 2024. - FY2017-Q3RestatedAnnual report
「The depreciation method for structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method.」
The change in the depreciation method for structures applied from the first quarter continued, and the impact on results was described as immaterial. - FY2017-Q2RestatedAnnual report
「Following the amendment of the Corporation Tax Act, we applied Practical Solution Report No. 32, Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (17 June 2016), from the first-quarter consolidated accounting period, and changed the depreciation method for structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The change in the depreciation method for structures applied from the first quarter continued into the second quarter. - FY2017-Q1First statedAnnual report
「Following the amendment of the Corporation Tax Act, we applied Practical Solution Report No. 32, Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (17 June 2016), in the first-quarter consolidated accounting period, and changed the depreciation method for structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
For structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The impact on results was described as immaterial.