Change to the Straight-Line Depreciation Method for Property, Plant and Equipment in Connection with the Medium-Term Management Plan
First written in FY2017-Q2. 1 of 3 entries say "Restated". Latest entry: FY2017.
3 other companies' latest entry also says "Advanced".
- FY2017AdvancedAnnual report
「Our Group plans to invest in equipment, including office equipment, under the medium-term management plan beginning this fiscal year. Because this and existing equipment will be used stably over the long term, we changed the depreciation method in connection with the medium-term management plan to the straight-line method, which allocates cost evenly over the useful life in accordance with the actual use of the assets. As a result of this change, ordinary income and income before income taxes and other adjustments for the current consolidated fiscal year increased by ¥1,947 million each compared with the amounts under the previous method.」
Described the change to the straight-line method prompted by the medium-term management plan and the ¥1,947 million impact on full-year cumulative profit. - FY2017-Q3RestatedAnnual report
「Our Group plans to invest in equipment, including office equipment, under the medium-term management plan beginning this fiscal year. Because this and existing equipment will be used stably over the long term, we changed the depreciation method in connection with the medium-term management plan to the straight-line method, which allocates cost evenly over the useful life in accordance with the actual use of the assets. As a result of this change, ordinary income and income before income taxes and other adjustments for the 9-month period of the current third-quarter consolidated accounting period increased by ¥1,365 million each compared with the amounts under the previous method.」
Reiterated the change to the straight-line method prompted by the medium-term management plan’s planned capital investment and the impact on profit for the cumulative period. - FY2017-Q2First statedAnnual report
「Our Group plans to invest in equipment, including office equipment, under the medium-term management plan beginning this fiscal year. Because this and existing equipment will be used stably over the long term, we changed the depreciation method in connection with the medium-term management plan to the straight-line method, which allocates cost evenly over the useful life in accordance with the actual use of the assets. As a result of this change, ordinary income and income before income taxes and other adjustments for the interim consolidated accounting period increased by ¥851 million each compared with the amounts under the previous method.」
Described the change in the depreciation method from the declining-balance method to the straight-line method in light of planned capital investment under the medium-term management plan, as well as the impact on interim-period profit.