Change in depreciation method for building fixtures and structures from declining balance to straight line
First written in FY2017-Q3. 4 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2024: 2 of 17 companies on the "Worse" side.
156 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The declining-balance method is used by the Company and its domestic consolidated subsidiaries. However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building附属設備, and for building附属設備 and structures acquired on or after 1 April 2016.」
The Company continues to apply the straight-line method to building附属設備 and structures acquired on or after 1 April 2016. - FY2020RestatedAnnual report
「The declining-balance method is used by the Company and its domestic consolidated subsidiaries. However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building附属設備, and for building附属設備 and structures acquired on or after 1 April 2016.」
The Company continues to disclose its accounting policy of using the straight-line method for building附属設備 and structures acquired on or after 1 April 2016. - FY2019RestatedAnnual report
「The company applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) in the consolidated fiscal year and changed 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.」
The accounting policy of changing the depreciation method for buildings and structures from the declining-balance method to the straight-line method continues to be applied in the annual report. - FY2017RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) during the current consolidated fiscal year and changed 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.」
The annual report continued to disclose the accounting policy change from the declining-balance method to the straight-line method for depreciating building fixtures and structures. - FY2017-Q3First statedAnnual report
「In accordance with the revision of the Corporation Tax Act, the company applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) from the first quarter of the consolidated fiscal year and changed 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. The impact on earnings for the nine-month cumulative consolidated period was immaterial.」
For building improvements and structures acquired on or after 1 April 2016, the company changed the depreciation method from the declining-balance method to the straight-line method. The impact on profit or loss was immaterial.