Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q1. 2 of 7 entries say "Restated". Latest entry: FY2018.
5 other companies' latest entry also says "Other".
- FY2018Update on Full-Year ImpactAnnual report
「As a result, compared with the previous method, operating profit for the current fiscal year increased by ¥2,306 million, while ordinary profit and profit before income taxes increased by ¥2,348 million each.」
The full-year impact on profit of the uniform application of the straight-line depreciation method has been updated. - FY2018-Q3Cumulative Impact UpdatedAnnual report
「As a result, compared with the previous method, operating profit for the nine months ended in the current third quarter increased by ¥1,540 million, while ordinary profit and quarterly profit before income taxes increased by ¥1,555 million each.」
The impact of the uniform application of the straight-line depreciation method on profit for the nine months ended in the third quarter has been updated. - FY2018-Q2Cumulative Impact UpdatedAnnual report
「The company and its domestic consolidated subsidiaries had previously used the declining-balance method for depreciating property, plant and equipment, except that the company’s Chita Plant, Chita Die Forging Plant and Chita Strip Mill, certain domestic consolidated subsidiaries, buildings acquired on or after 1 April 1998 excluding building fixtures, and building fixtures and structures acquired on or after 1 April 2016 were depreciated using the straight-line method. Beginning with the first-quarter consolidated accounting period, the company and its domestic consolidated subsidiaries standardized their depreciation method on the straight-line method. As a result, compared with the previous method, operating profit for the six months ended in the current second quarter increased by ¥924 million, while ordinary profit and quarterly profit before income taxes increased by ¥934 million each.」
The impact on profit for the six months ended in the second quarter has been updated, with the straight-line depreciation method continuing to be applied uniformly. - FY2018-Q1ReframedAnnual report
「Beginning with the current first-quarter consolidated accounting period, the company and its domestic consolidated subsidiaries have standardized their depreciation method on the straight-line method.」
The change has expanded from the previous change affecting certain assets, including building fixtures and structures, to standardizing the depreciation method for all property, plant and equipment held by the company and its domestic consolidated subsidiaries on the straight-line method. As a result, operating profit increased by ¥402 million, while ordinary profit and profit before income taxes increased by ¥407 million each. - FY2017-Q3RestatedAnnual report
「Following revisions to the Corporation Tax Act, the company has applied, from the first-quarter consolidated accounting period, the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016), changing 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.」
Restates the accounting policy change for the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method. - FY2017-Q2RestatedAnnual 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.」
Restates the accounting policy change for the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method. - FY2017-Q1First statedAnnual 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.」
Due to tax reforms, the depreciation method was changed for assets acquired on or after 1 April 2016.