Change to the Straight-Line Method of Depreciating Property, Plant and Equipment
First written in FY2019-Q2. 2 of 3 entries say "Restated". Latest entry: FY2019.
15 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「As a result of this change, compared with the previous method, depreciation expenses for the current consolidated fiscal year decreased by ¥697 million, operating income increased by ¥664 million, and ordinary income and profit before income taxes for the fiscal year each increased by ¥663 million.」
The company continues to apply the change to the straight-line depreciation method and has disclosed its impact on profit for the fiscal year. - FY2019-Q3RestatedAnnual report
「As a result of this change, compared with the previous method, depreciation expenses for the nine-month period ended in the third quarter decreased by ¥498 million, while operating income and ordinary income and profit before income taxes for the quarter each increased by ¥469 million.」
The company continues to apply the change to the straight-line depreciation method and has disclosed its impact on profit for the nine-month period ended in the third quarter. - FY2019-Q2First statedAnnual report
「From the first quarter of the consolidated fiscal year, the Company and its domestic consolidated subsidiaries also changed to the straight-line method. Compared with the previous method, depreciation expense for the first six months of the consolidated fiscal year decreased by ¥327 million, while operating profit increased by ¥295 million and ordinary profit and profit before income taxes increased by ¥295 million each.」
The depreciation method for property, plant and equipment was changed from the declining-balance method to the straight-line method in anticipation of more stable and level utilization of production and R&D facilities.