Changes in Fixed-Asset Accounting in Response to Increased In-House Construction
First written in FY2021-Q1. 4 of 5 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Nondeductible consumption taxes related to fixed assets are included in the acquisition cost of the individual fixed assets and amortized over their useful lives.」
The Company continues to apply the accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets introduced against the backdrop of increased in-house construction. - FY2021RestatedAnnual report
「From the current consolidated fiscal year, the Company changed to a method of including these amounts in the acquisition cost of the individual fixed assets.」
The Company applied, as an accounting policy for the current consolidated fiscal year, a change in the accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets against the backdrop of increased in-house construction, and also disclosed the details of the retrospective treatment. - FY2021-Q3RestatedAnnual report
「For accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets, the Company previously recognized these amounts as expenses in the consolidated fiscal year in which they arose. From the first quarter of the fiscal year, it changed to a method of including them in the acquisition cost of the individual fixed assets. This change was made because the number of facilities for which the Company selected in-house construction rather than leasing as the opening method increased as it placed priority on the speed of opening facilities. In particular, nondeductible consumption taxes and other amounts related to construction costs are allocated to expenses over the useful lives of the individual fixed assets, allowing revenue and expenses to be matched more precisely and the Group's operating reality to be reflected more appropriately in the quarterly consolidated financial statements and consolidated financial statements.」
The filing reconfirms the change, effective from the first quarter, in the accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets, along with the increase in in-house construction behind it and the more precise matching of revenue and expenses. - FY2021-Q2RestatedAnnual report
「For accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets, the Company previously recognized these amounts as expenses in the consolidated fiscal year in which they arose. From the first quarter of the fiscal year, it changed to a method of including them in the acquisition cost of the individual fixed assets. This change was made because the number of facilities for which the Company selected in-house construction rather than leasing as the opening method increased as it placed priority on the speed of opening facilities. In particular, nondeductible consumption taxes and other amounts related to construction costs are allocated to expenses over the useful lives of the individual fixed assets, allowing revenue and expenses to be matched more precisely and the Group's operating reality to be reflected more appropriately in the quarterly consolidated financial statements and consolidated financial statements.」
The filing reconfirms the change, effective from the first quarter, in the accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets, along with the increase in in-house construction behind it and the more precise matching of revenue and expenses. - FY2021-Q1First statedAnnual report
「For accounting treatment of nondeductible consumption taxes and other amounts related to fixed assets, the Company previously recognized these amounts as expenses in the consolidated fiscal year in which they arose. From the current first quarter of the fiscal year, it changed to a method of including them in the acquisition cost of the individual fixed assets. This change was made because the number of facilities for which the Company selected in-house construction rather than leasing as the opening method increased as it placed priority on the speed of opening facilities. In particular, nondeductible consumption taxes and other amounts related to construction costs are allocated to expenses over the useful lives of the individual fixed assets, allowing revenue and expenses to be matched more precisely and the Group's operating reality to be reflected more appropriately in the quarterly consolidated financial statements and consolidated financial statements.」
Against the backdrop of an increase in the number of facilities constructed in-house rather than leased, reflecting the priority placed on the speed of opening facilities, the Company changed its accounting treatment to include nondeductible consumption taxes and other amounts in the acquisition cost of fixed assets and allocate them to expenses over their useful lives.