Change in accounting policies for depreciation methods and recoverability of deferred tax assets
First written in FY2017-Q2. 2 of 3 entries say "Restated". Latest entry: FY2017.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「The depreciation method 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 the financial statements for the fiscal year was immaterial.」
The company continued to apply the change in depreciation method and reported that the impact on the financial statements was immaterial. - FY2017-Q3RestatedAnnual report
「The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. No impact on the quarterly financial statements was reported for the cumulative third-quarter period.」
The company continued to apply the change in depreciation method and reported no impact on the quarterly financial statements. - FY2017-Q2First statedAnnual report
「In accordance with revisions to the Corporation Tax Act, the company applied the Practical Treatment on Changes in Depreciation Methods Related to the 2016 Tax Reform (Accounting Standards Board of Japan Practical Issues Task Force Report No. 32, 17 June 2016) in the first-quarter accounting period 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. No impact on the quarterly financial statements was reported for the cumulative second-quarter period.」
The company changed the depreciation method for building fixtures and structures and also applied the application guidelines concerning the recoverability of deferred tax assets, but reported no impact on the quarterly financial statements.