Change to the Straight-Line Method for Depreciating Property, Plant and Equipment
First written in FY2023-Q1. 3 of 5 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024-Q1.
13 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative first quarter of the current consolidated fiscal year.」
No material changes have been made to the accounting policies, management strategies, or other matters for the previous fiscal year, including the change in depreciation method. - FY2023AdvancedAnnual report
「As a result of the above change, compared with the previous method, operating profit for the current consolidated fiscal year increased by ¥850 million, while ordinary loss and loss before income taxes each decreased by ¥850 million.」
The effect of changing the depreciation method for property, plant and equipment to the straight-line method was an ¥850 million increase in operating profit and other measures, or a corresponding decrease in losses, on a year-to-date basis. - FY2023-Q3AdvancedAnnual report
「As a result of the above change, compared with the previous method, operating loss, ordinary loss, and loss before income taxes for the cumulative third quarter of the current fiscal year each decreased by ¥566 million.」
Regarding the depreciation method for property, plant and equipment changed from the first quarter, operating loss, ordinary loss, and loss before income taxes for the cumulative third quarter each decreased by ¥566 million, according to the disclosure. - FY2023-Q2AdvancedAnnual report
「As a result of the above change, compared with the previous method, operating loss, ordinary loss, and loss before income taxes for the cumulative second quarter of the current fiscal year each decreased by ¥296 million.」
Regarding the depreciation method for property, plant and equipment changed from the first quarter, operating loss, ordinary loss, and loss before income taxes for the cumulative second quarter each decreased by ¥296 million, according to the disclosure. - FY2023-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries previously used the declining-balance method mainly for depreciating property, plant and equipment, excluding leased assets, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016. From the first quarter of the current fiscal year, the depreciation method has been changed to the straight-line method.」
In light of the stable operation of domestically held facilities following the acceleration of global business expansion and a review of the production structure, the depreciation method for property, plant and equipment was changed from the declining-balance method to the straight-line method. As a result, operating loss, ordinary loss, and loss before income taxes for the first quarter of the current fiscal year each decreased by ¥153 million.