Standardisation of depreciation methods and review of useful lives for property, plant and equipment
First written in FY2018-Q1. 3 of 4 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「As a result of this change, operating income for the consolidated fiscal year increased by ¥2,593 million, while ordinary income and profit before income taxes increased by ¥2,598 million each, compared with the amounts under the previous method.」
The standardisation to the straight-line method and the review of useful lives continued to apply for the full fiscal year, with the quantitative impact on profit disclosed. - FY2018-Q3RestatedAnnual report
「As a result of this change, operating income for the nine months ended the third quarter of the current consolidated fiscal year increased by ¥1,795 million, while ordinary income and profit before income taxes increased by ¥1,799 million each, compared with the amounts under the previous method.」
The standardisation to the straight-line method and the review of useful lives implemented from the first quarter continued to apply. For the nine months ended the third quarter, operating income increased by ¥1,795 million, while ordinary income and profit before income taxes increased by ¥1,799 million each. - FY2018-Q2RestatedAnnual report
「From the first quarter of the current consolidated fiscal year, the company and its domestic consolidated subsidiaries changed the depreciation method for all property, plant and equipment to the straight-line method. As a result, the depreciation method for the group's property, plant and equipment has been standardised to the straight-line method. In conjunction with this change, the company and its domestic consolidated subsidiaries reviewed the actual use of their property, plant and equipment and, from the first quarter of the current consolidated fiscal year, changed the useful lives of certain items to reflect their actual use. As a result of this change, operating income for the six months ended the second quarter of the current consolidated fiscal year increased by ¥929 million, while ordinary income and profit before income taxes increased by ¥933 million each, compared with the amounts under the previous method.」
The standardisation to the straight-line method and the review of useful lives implemented from the first quarter continued to apply, with the additional quantitative impact on profit for the six months ended the second quarter disclosed. - FY2018-Q1First statedAnnual report
「The group revisited its depreciation method for domestic property, plant and equipment in connection with the capital expenditure plan scheduled under the 2020 Medium-Term Management Plan. As the production equipment had not shown any rapid technological or economic obsolescence based on its actual use to date, and was expected to operate steadily over its useful life, the group changed to the straight-line method, which allocates costs evenly. As a result, the depreciation method for the group's property, plant and equipment has been standardised to the straight-line method. In conjunction with this change, the company and its domestic consolidated subsidiaries also reviewed the actual use of their property, plant and equipment and, from the first quarter of the current consolidated fiscal year, changed the useful lives of certain items to reflect their actual use. As a result of this change, operating income, ordinary income and profit before income taxes for the six months ended the first quarter of the current consolidated fiscal year increased by ¥366 million each, compared with the amounts under the previous method.」
Prompted by the capital expenditure plan under the 2020 Medium-Term Management Plan, the depreciation method for domestic property, plant and equipment was standardised to the straight-line method, and the useful lives of certain assets were also reviewed. The impact of the changes on operating income and other results for the quarter was reported as ¥366 million.