Change to the Straight-Line Depreciation Method in Connection with the Investment Plan Under the Medium-Term Management Plan
First written in FY2018-Q1. 2 of 4 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2018.
0 other companies' latest entry also says "Achieved".
- FY2018AchievedAnnual report
「Previously, the company, its domestic consolidated subsidiaries and certain overseas consolidated subsidiaries used the declining-balance method to depreciate property, plant and equipment, excluding leased assets, but from the current consolidated fiscal year they have changed to the straight-line method. This change resulted from reconsidering the depreciation method for property, plant and equipment in light of the investment plan in the medium-term management plan. As a result of this change, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year increased by ¥1,083 million each compared with the previous method.」
The change to the straight-line method prompted by the investment plan in the medium-term management plan was applied from the current fiscal year, and its impact on each profit measure was reported as ¥1,083 million. - FY2018-Q3AdvancedAnnual report
「As a result of this change, operating profit, ordinary profit and profit before income taxes for the nine months ended the third quarter increased by ¥745 million each compared with the previous method.」
For the change to the straight-line method applied from the first quarter, the company quantified its effect, reporting that each profit measure for the nine months ended the third quarter increased by ¥745 million compared with the previous method. - FY2018-Q2AdvancedAnnual report
「As a result of this change, operating profit, ordinary profit and profit before income taxes for the six months ended the second quarter increased by ¥369 million each compared with the previous method.」
For the change to the straight-line method applied from the first quarter, the company quantified its effect, reporting that each profit measure for the six months ended the second quarter increased by ¥369 million compared with the previous method. - FY2018-Q1First statedAnnual report
「Previously, the company, its domestic consolidated subsidiaries and certain overseas consolidated subsidiaries used the declining-balance method to depreciate property, plant and equipment, excluding leased assets, except that the company and its domestic consolidated subsidiaries used the straight-line method for buildings acquired on or after 1 April 1998, excluding fixtures and fittings, and for building fixtures and fittings and structures acquired on or after 1 April 2016. However, from the current first quarter consolidated accounting period, they have changed to the straight-line method. This change resulted from reconsidering the depreciation method for property, plant and equipment in light of the investment plan in the medium-term management plan.」
Prompted by the investment plan in the medium-term management plan, the company changed its depreciation method to the straight-line method. In the first quarter, operating profit, ordinary profit and profit before income taxes increased by ¥161 million each compared with the previous method.