Change in Depreciation Method for Domestic Tangible Fixed Assets to the Straight-Line Method
First written in FY2018-Q1. 2 of 4 entries say "Restated". Latest entry: FY2018.
1 other company's latest entry also says "Achieved".
- FY2018AchievedAnnual report
「The company and its domestic consolidated subsidiaries had previously used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016. From the current consolidated fiscal year, they changed to the straight-line method.」
The company changed the depreciation method for domestic tangible fixed assets to the straight-line method from the current consolidated fiscal year and disclosed that the resulting increase in operating income and other items was ¥165.359 million. - FY2018-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries had previously used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016. From the first quarter of the consolidated fiscal year, they changed to the straight-line method.」
The company continues to apply the change to the straight-line method for depreciating domestic tangible fixed assets implemented from the first quarter. - FY2018-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries had previously used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, but changed to the straight-line method from the first quarter of the consolidated fiscal year.」
The company continues to apply the change to the straight-line method for depreciating domestic tangible fixed assets implemented from the first quarter. - FY2018-Q1First statedAnnual report
「Prompted by the formulation of this new 3-year medium-term plan, the company reviewed its domestic production bases and capital investment in recent years. It concluded that the tangible fixed assets of the company and its domestic consolidated subsidiaries would mainly require maintenance and replacement investment going forward and were expected to operate stably within their useful lives. After considering the depreciation method, the company determined that the straight-line method was more economically rational and would more appropriately reflect the actual business conditions, and therefore decided to adopt it.」
From the first quarter of the current consolidated fiscal year, the depreciation method for tangible fixed assets of the company and its domestic consolidated subsidiaries was changed from the declining-balance method to the straight-line method. As a result, operating income, ordinary income and profit before income taxes for the quarter each increased by ¥26.368 million.