Change to the Straight-Line Method for Depreciating Building Improvements and Structures
First written in FY2017-Q2. 3 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
2 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The Company and its domestic consolidated subsidiaries had traditionally used the declining-balance method for depreciating property, plant and equipment, excluding leased assets, except for buildings acquired on or after 1 April 1998, building fixtures and structures acquired on or after 1 April 2016, and the Sakura Plant. From the current consolidated fiscal year, they changed to the straight-line method.」
The depreciation method for all property, plant and equipment was changed to the straight-line method from the current consolidated fiscal year, increasing operating profit, ordinary profit and net income before income taxes and other adjustments by ¥813 million each. - FY2025-H1ReframedAnnual report
「The Company and its domestic consolidated subsidiaries had traditionally used the declining-balance method for depreciating property, plant and equipment, excluding leased assets, except for buildings acquired on or after 1 April 1998, building fixtures acquired on or after 1 April 2016, structures and the Sakura Plant. From the current interim consolidated accounting period, they changed to the straight-line method.」
The description expanded from the straight-line method being limited to building fixtures, structures and other assets to a change in the depreciation method for all property, plant and equipment, excluding leased assets, from the declining-balance method to the straight-line method. As a result of the change, operating profit, ordinary profit and interim net income before income taxes and other adjustments each increased by ¥339 million. - FY2019-Q2RestatedAnnual report
「The “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standards Board of Japan, Accounting Standard No. 28, 16 February 2018) and other standards have been applied from the beginning of the first quarter of the consolidated fiscal year. Deferred tax assets are presented under investments and other assets, and deferred tax liabilities under non-current liabilities.」
The application of the accounting standards for tax-effect accounting and the change in the presentation classification of deferred tax assets and liabilities continued to be reported. - FY2018RestatedAnnual report
「For building fixtures and structures acquired on or after 1 April 2016, the depreciation method has been changed from the declining-balance method to the straight-line method.」
The accounting policy of using the straight-line method to depreciate building fixtures and structures continued to be reported. - FY2017-Q3RestatedAnnual report
「Except at the Sakura Plant, which has traditionally used the straight-line method, the Company and its domestic consolidated subsidiaries applied, from the first quarter of the current consolidated fiscal year, Practical Solution Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (17 June 2016), in connection with amendments to the Corporation Tax Act, 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 accounting policy of changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method continued to be reported. - FY2017-Q2First statedAnnual report
「Except at the Sakura Plant, which has traditionally used the straight-line method, the Company and its domestic consolidated subsidiaries applied, from the first quarter of the current consolidated fiscal year, Practical Solution Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (17 June 2016), in connection with amendments to the Corporation Tax Act, 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 accounting policy for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The impact on profit or loss was described as immaterial.