Change to the Straight-Line Depreciation Method Based on Expected Stable Operation of Domestic Production Equipment

「As a result of this change, operating income, ordinary income and income before income taxes and other adjustments for the current consolidated fiscal year increased by ¥1,087 million each compared with the previous method.」

「As the domestic production facilities are expected to operate stably, the company determined that adopting the straight-line method for depreciating domestic tangible fixed assets, excluding leased assets, would provide a more reasonable calculation of periodic income.」

「Under its management policy of further advancing glocal management, the group has been increasing its overseas sales ratio year after year and strengthening its overseas production system. Against this backdrop, and in conjunction with the formulation of the new medium-term management plan "Dash 25," the first step toward the new long-term management plan "2025 Vision," the company reviewed its future production plans and the operating status of its domestic production facilities. As the domestic production facilities are expected to operate stably, the company determined that adopting the straight-line method for depreciating domestic tangible fixed assets, excluding leased assets, would provide a more reasonable calculation of periodic income.」