Review of Depreciation Methods and Useful Lives for Property, Plant and Equipment
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result of these changes, operating income, ordinary income and net income before income taxes for the consolidated fiscal year increased by ¥864 million each compared with the previous method.」
The company definitively stated that the change from the declining-balance method to the straight-line method and the review of the useful lives of certain machinery and equipment would each increase full-year profit by ¥864 million. - FY2022-Q3RestatedAnnual report
「As a result of these changes, operating income, ordinary income and quarterly net income before income taxes for the cumulative third quarter increased by ¥619 million each compared with the previous method.」
The change to the straight-line depreciation method applied from the first quarter and the review of useful lives were continued, with the impact on profit for the cumulative third quarter stated as an increase of ¥619 million each compared with the previous method. - FY2022-Q2RestatedAnnual report
「As a result of these changes, operating income, ordinary income and quarterly net income before income taxes for the cumulative second quarter increased by ¥389 million each compared with the previous method.」
The change in the depreciation method to the straight-line method applied from the first quarter and the review of useful lives were continued, with the impact on profit for the cumulative second quarter stated as an increase of ¥389 million each. - FY2022-Q1First statedAnnual report
「Previously, our company and its domestic consolidated subsidiaries used the declining-balance method for depreciating certain items of property, plant and equipment. From the first quarter of the current consolidated fiscal year, the depreciation method has been changed to the straight-line method.」
Based on the actual use of property, plant and equipment, the depreciation method for certain assets was changed from the declining-balance method to the straight-line method, and the useful lives of certain machinery and equipment were also reviewed. As a result, operating income, ordinary income and quarterly net income before income taxes for the first quarter increased by ¥175 million each compared with the previous method.