Change to the Straight-Line Depreciation Method Prompted by Equipment Investment at the Toyama Plant
First written in FY2021-Q1. 3 of 4 entries say "Restated". Latest entry: FY2021.
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- FY2021RestatedAnnual report
「The company previously used the declining-balance method to depreciate machinery and equipment, transportation equipment, and tools, fixtures and equipment included in other property, plant and equipment, but changed to the straight-line method from the current consolidated fiscal year.」
Continues to disclose in the annual results the change from the declining-balance method to the straight-line method prompted by capital investment at the Toyama Plant and a review of actual use. - FY2021-Q3RestatedAnnual report
「The company previously used the declining-balance method to depreciate machinery and equipment, transportation equipment, and tools, fixtures and equipment included in other property, plant and equipment, but changed to the straight-line method from the first quarter of the current consolidated fiscal year.」
Continues to disclose the change in the depreciation method from the declining-balance method to the straight-line method prompted by capital investment at the Toyama Plant. - FY2021-Q2RestatedAnnual report
「The company previously used the declining-balance method to depreciate machinery and equipment, transportation equipment, and tools, fixtures and equipment included in other property, plant and equipment, but changed to the straight-line method from the first quarter of the current consolidated fiscal year.」
Continues to disclose this quarter the change from the declining-balance method to the straight-line method based on a review of actual use prompted by capital investment at the Toyama Plant. - FY2021-Q1First statedAnnual report
「The company previously used the declining-balance method to depreciate machinery and equipment, transportation equipment, and tools, fixtures and equipment included in other property, plant and equipment, but changed to the straight-line method from the first quarter of the current consolidated fiscal year.」
For the first time, states that the depreciation method was changed from the declining-balance method to the straight-line method after reviewing the actual use of fixed assets in connection with capital investment at the Toyama Plant, because stable long-term operations are expected.