Changing the Depreciation Method for Property, Plant and Equipment to the Straight-Line Method
First written in FY2021-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Property, plant and equipment (excluding leased assets) are depreciated using the straight-line method.」
The straight-line method continues to be used for depreciating property, plant and equipment. - FY2022RestatedAnnual report
「Property, plant and equipment (excluding leased assets) are depreciated using the straight-line method.」
The straight-line method continues to be used for depreciating property, plant and equipment. - FY2021-Q3The earnings impact of the change in depreciation method increasedAnnual report
「As a result, compared with the previous method, operating profit for the nine-month period ended 31 December of the current fiscal year increased by ¥358 million, while ordinary profit and profit before income taxes for the quarter increased by ¥386 million each.」
The company disclosed the earnings benefit from changing from the declining-balance method to the straight-line method, comprising increases of ¥358 million in operating profit and ¥386 million in ordinary profit and profit before income taxes. - FY2021-Q2Disclosure of the earnings impact of the change in depreciation methodAnnual report
「As a result, compared with the previous method, operating profit for the six-month period ended 30 September of the current fiscal year increased by ¥226 million, while ordinary profit and profit before income taxes for the quarter increased by ¥243 million each.」
The change from the declining-balance method to the straight-line method continued, and the company disclosed an increase of ¥226 million in operating profit and ¥243 million in ordinary profit and profit before income taxes for the six-month period ended 30 September of the current fiscal year. - FY2021-Q1First statedAnnual report
「The depreciation method for property, plant and equipment held by the company and its domestic consolidated subsidiaries had previously been the declining-balance method, except that the straight-line method was used for buildings acquired on or after 1 April 1998 and building fixtures and structures acquired on or after 1 April 2016. From the current consolidated fiscal year, the company changed to the straight-line method.」
In connection with the formulation of the medium-term management plan, the company reviewed the outlook for the operation of its production facilities and determined that they would operate stably over the long term, with investment benefits arising evenly. Accordingly, the depreciation method was changed from the declining-balance method to the straight-line method.