Change in the depreciation method for domestic tangible fixed assets from the declining-balance method to the straight-line method
First written in FY2019-Q1. 4 of 5 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The straight-line method is used.」
The company continues to apply the straight-line method, changed from the declining-balance method, to domestic tangible fixed assets. - FY2019RestatedAnnual report
「Previously, the Company and its domestic consolidated subsidiaries used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, but changed to the straight-line method from the current consolidated fiscal year.」
The company continued to disclose its policy of changing the depreciation method for domestic tangible fixed assets to the straight-line method and reported a ¥180.469 million increase in operating income and other items for the current consolidated fiscal year. - FY2019-Q3RestatedAnnual report
「Previously, the Company and its domestic consolidated subsidiaries used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, but changed to the straight-line method from the beginning of the first quarter of the current consolidated fiscal year.」
The company continued to disclose its policy of changing the depreciation method for domestic tangible fixed assets to the straight-line method and reported a ¥120.915 million increase in earnings for the cumulative third quarter. - FY2019-Q2RestatedAnnual report
「Previously, the Company and its domestic consolidated subsidiaries used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, but changed to the straight-line method from the beginning of the first quarter of the current consolidated fiscal year. As a result of this change, operating income, ordinary income and quarterly net income before income taxes increased by ¥78.970 million in the cumulative second quarter of the current consolidated fiscal year compared with the previous method.」
The company continued to disclose its policy of changing the depreciation method for domestic tangible fixed assets to the straight-line method and reported a ¥78.970 million impact on earnings for the cumulative second quarter. - FY2019-Q1First statedAnnual report
「Previously, the Company and its domestic consolidated subsidiaries used the declining-balance method to depreciate tangible fixed assets, excluding lease assets, but changed to the straight-line method from the beginning of the first quarter of the current consolidated fiscal year. As part of its medium- to long-term management strategy, the Group is working to build a business portfolio that is not excessively dependent on trends in capital investment related to power. In this context, after reviewing the future operating conditions of tangible fixed assets in light of the full-scale operation of a new domestic plant and changes to the production structure of the Company and its domestic consolidated subsidiaries following the relocation of a plant, the Company determined that adopting the straight-line method for domestic depreciation was more appropriate because stable operation of production facilities is expected as production of remote terminal units for distribution automation, SOG switches and other products stabilizes.」
The company changed the depreciation method for domestic tangible fixed assets from the declining-balance method to the straight-line method due to the full-scale operation of a new plant, changes to the production structure and the expected stable operation of production facilities.