Change in depreciation method for tangible fixed assets from the declining-balance method to the straight-line method
First written in FY2018-Q2. 1 of 2 entries say "Advanced", first in FY2018. Latest entry: FY2018.
0 other companies' latest entry also says "Advanced".
- FY2018AdvancedAnnual report
「Previously, the depreciation method for property, plant and equipment, excluding leased assets, was primarily the declining-balance method, but from the current consolidated fiscal year, the straight-line method has been used primarily. As a result, operating profit for the current consolidated fiscal year increased by ¥26,102 million, while ordinary profit and profit before income taxes increased by ¥27,399 million each.」
The change from the declining-balance method to the straight-line method was applied for the full year, increasing operating profit by ¥26.102 billion and ordinary profit and related items by ¥27.399 billion. - FY2018-Q2First statedAnnual report
「Previously, the depreciation method for property, plant and equipment, excluding leased assets, was primarily the declining-balance method, but from the first quarter of the current consolidated fiscal year, the straight-line method has been used primarily.」
The depreciation method was changed because the equipment is expected to operate steadily. As a result, operating profit, ordinary profit and profit before income taxes for the cumulative second quarter increased by ¥11.114 billion, ¥11.106 billion and ¥11.106 billion, respectively.