Change to the straight-line depreciation method following the renewal of core equipment
First written in FY2021-Q2. 1 of 2 entries say "Restated". Latest entry: FY2021-Q3.
2 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「The company and certain domestic consolidated subsidiaries previously depreciated property, plant and equipment primarily using the declining-balance method, but changed to the straight-line method from the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating income for the cumulative third quarter increased by ¥446 million, while ordinary income and profit before income taxes increased by ¥448 million each.」
The company reiterated the change from the declining-balance method to the straight-line method from the first quarter, and disclosed that for the cumulative third quarter, operating income increased by ¥446 million and ordinary income and profit before income taxes increased by ¥448 million each. - FY2021-Q2First statedAnnual report
「The company and certain domestic consolidated subsidiaries previously depreciated property, plant and equipment primarily using the declining-balance method, but changed to the straight-line method from the first quarter of the current consolidated fiscal year. As a result, compared with the previous method, operating income for the cumulative second quarter increased by ¥266 million, while ordinary income and profit before income taxes increased by ¥268 million each.」
In light of the expected increase in core equipment renewal and aging-equipment replacement investments, the company changed its depreciation method from the declining-balance method to the straight-line method. For the cumulative second quarter, operating income increased by ¥266 million, while ordinary income and profit before income taxes increased by ¥268 million each.