Change in depreciation method for building fixtures and structures from declining balance to straight-line
First written in FY2017-Q2. 3 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
- FY2021RestatedAnnual report
「Property, plant and equipment other than right-of-use assets: the straight-line method is used.」
The company continued to use the straight-line method in its full-year financial statements following the change in the depreciation method for property, plant and equipment from FY2020-Q1. - FY2020-Q3RestatedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative consolidated period through the third quarter decreased by ¥91 million, while operating income, ordinary income and profit before income taxes each increased by ¥91 million.」
The change in the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method implemented from FY2020-Q1 continued, reducing depreciation expense and other costs by ¥91 million in the cumulative period through the third quarter. - FY2020-Q2RestatedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative consolidated period through the second quarter decreased by ¥59 million, while operating income, ordinary income and profit before income taxes each increased by ¥59 million.」
The impact for the cumulative period through the second quarter of the change in the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method implemented from FY2020-Q1 was disclosed. - FY2020-Q1ReframedAnnual report
「Previously, the company used the declining-balance method to depreciate property, plant and equipment, excluding right-of-use assets, except for buildings acquired on or after 1 April 1998, and building improvements and structures acquired on or after 1 April 2016. From the first quarter of the current fiscal year, the company changed to the straight-line method.」
The change was expanded from the previous, limited change covering building improvements and structures to a change from the declining-balance method to the straight-line method for all property, plant and equipment. The start-up of the Mita Plant and expectations for stable operations going forward reduced depreciation expense by ¥29 million in the quarter. - FY2017-Q2First statedAnnual report
「Following amendments to the Corporation Tax Act, we applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution No. 32, 17 June 2016) from the first quarter of the fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The depreciation method was changed for buildings and structures acquired on or after 1 April 2016. The impact on profit and loss for the cumulative period through the second quarter was described as immaterial.