Change in depreciation method for building fixtures and structures from the declining-balance method to the straight-line method
First written in FY2017-Q1. 4 of 5 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
154 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「The Company and certain consolidated subsidiaries use the straight-line method 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.」
The straight-line depreciation method for building fixtures and structures acquired on or after 1 April 2016 has continued to be applied. - FY2017RestatedAnnual report
「For building attachments and structures acquired on or after 1 April 2016, we have changed the depreciation method from the declining-balance method to the straight-line method.」
The change in the depreciation method for building fixtures and structures resulting from the tax reforms continued to be applied in the current fiscal year. - FY2017-Q3RestatedAnnual report
「Following the amendment to the Corporation Tax Act, we applied "Practical Solution on Change in Depreciation Method Related to the FY2016 Tax Reform" (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the first consolidated fiscal year, and changed the depreciation method for building fixtures and 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 building fixtures and structures applied from the first quarter continued to be applied in the third quarter. - FY2017-Q2RestatedAnnual report
「Following the amendment to the Corporation Tax Act, we applied "Practical Solution on Change in Depreciation Method Related to the FY2016 Tax Reform" (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the first consolidated fiscal year, and changed the depreciation method for building fixtures and 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 building fixtures and structures introduced in the first quarter continued to be applied in the second quarter. - FY2017-Q1First statedAnnual report
「Following the revision of the Corporation Tax Act, the Bank applied Practical Solution Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform,” in the current first-quarter consolidated accounting period, changing the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
In accordance with the FY2016 tax reforms, the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed. The company states that the impact on operating income, ordinary income and profit before income taxes was immaterial.