Will Group (6089) · PolicyRestated
Standardization of Group Accounting Policies Following the Increase in Overseas Subsidiaries
First written in FY2019-Q2. 1 of 2 entries say "Restated". Latest entry: FY2019-Q3.
2entries
2years
0from disclosures
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Same theme, other companies
Change in depreciation method to align accounting policies with overseas consolidated subsidiariesA theme 2 companies write about · 0 as a headwind · 2 as a tailwind
1 other company's latest entry also says "Restated".
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- FY2019-Q3RestatedAnnual report
「This change involved reviewing the actual use of property, plant and equipment in response to the increase in the Group's overseas subsidiaries, with the aim of standardizing the Group's accounting policies and appropriately calculating profit and loss for each period.」
The Company continues to state that the depreciation method was changed to the straight-line method following the increase in overseas subsidiaries, in order to standardize the Group's accounting policies. The impact on operating profit and other items for the cumulative third quarter was an increase of ¥34 million. - FY2019-Q2First statedAnnual report
「This change involved reviewing the actual use of property, plant and equipment in response to the increase in the Group's overseas subsidiaries, with the aim of standardizing the Group's accounting policies and appropriately calculating profit and loss for each period.」
From the first quarter of the current fiscal year, the depreciation method for property, plant and equipment was changed from the declining-balance method to the straight-line method. The reasons for the change were to standardize the Group's accounting policies and reflect actual usage. As a result, operating profit, ordinary profit and profit before income taxes for the cumulative second quarter increased by ¥40 million each.