Change to the Straight-Line Depreciation Method Following Large-Scale Capital Investment
First written in FY2018-Q1. 4 of 6 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2023.
11 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The depreciation method for property, plant and equipment, excluding leased assets, is the straight-line method.」
The Company continues to use straight-line depreciation following the change prompted by the capital investment. - FY2019-Q3AdvancedAnnual report
「The depreciation method for property, plant and equipment, excluding leased assets, had traditionally been the declining-balance method, but was changed to the straight-line method from the first quarter. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative third quarter increased by ¥16.151 million each.」
The impact on earnings of the change from the declining-balance method to the straight-line method was quantified as an increase of ¥16.151 million in each profit measure for the cumulative third quarter. - FY2018AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the fiscal year increased by ¥25.376 million each.」
The impact on earnings of the change to the straight-line depreciation method was quantified as an increase of ¥25.376 million in each profit measure for the full fiscal year. - FY2018-Q3AdvancedAnnual report
「The depreciation method for property, plant and equipment, excluding leased assets, had traditionally been the declining-balance method, but was changed to the straight-line method from the first quarter. As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative third quarter increased by ¥16.151 million each.」
The impact on earnings of the change from the declining-balance method to the straight-line method was quantified as an increase of ¥16.151 million in each profit measure for the cumulative third quarter. - FY2018-Q2AdvancedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the cumulative second quarter increased by ¥8.074 million each.」
The impact of the change from the declining-balance method to the straight-line method following the large-scale capital investment was reflected in an increase of ¥8.074 million in each profit measure versus the previous method. - FY2018-Q1First statedAnnual report
「The depreciation method for property, plant and equipment, excluding leased assets, had traditionally been the declining-balance method, but was changed to the straight-line method from the first quarter of the current fiscal year. This change was made because, following a review of how the property, plant and equipment was being used in connection with the large-scale capital investment, the Company expects the resulting investment benefits and contribution to earnings to remain stable over the long term. From the perspective of matching costs with revenues, the Company determined that allocating the cost of the capital investment evenly to each period would more reasonably reflect its economic reality.」
The depreciation method was changed from the declining-balance method to the straight-line method because the effects of the large-scale capital investment and its contribution to earnings were judged likely to remain stable over the long term.