Change in depreciation method for building fixtures and structures
First written in FY2017-Q2. 7 of 9 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「Property, plant and equipment, excluding leased assets: primarily depreciated using the straight-line method.」
For the depreciation method for property, plant and equipment changed in FY2022, application of the straight-line method continued for the full year. - FY2022RestatedAnnual report
「As a result, compared with the previous method, the operating loss for the current consolidated fiscal year decreased by ¥200 million, ordinary profit increased by ¥200 million, and the loss before income taxes decreased by ¥200 million.」
The change from the declining-balance method to the straight-line method was applied for the full year, and its impact on operating loss and other figures was disclosed as ¥200 million. - FY2022-Q3RestatedAnnual report
「As a result, compared with the previous method, operating profit for the cumulative third quarter of the current fiscal year increased by ¥143 million, while ordinary profit and profit before income taxes for the quarter increased by ¥143 million each.」
The impact of depreciation of property, plant and equipment using the straight-line method, applied from the first quarter, was disclosed as a ¥143 million increase in operating profit and other figures for the cumulative third quarter. - FY2022-Q2RestatedAnnual report
「As a result, compared with the previous method, operating profit for the cumulative second quarter of the current fiscal year increased by ¥90 million, while ordinary profit and profit before income taxes for the quarter increased by ¥90 million each.」
The impact of the change to the straight-line method for property, plant and equipment, made from the first quarter, on operating profit and other figures for the cumulative second quarter was disclosed as ¥90 million. - FY2022-Q1ReframedAnnual report
「Previously, the Company used the declining-balance method to depreciate property, plant and equipment, excluding leased assets, except for buildings acquired on or after 1 April 1998, excluding building附属設備, and building附属設備 and structures acquired on or after 1 April 2016. However, beginning with the first quarter of the current fiscal year, the Company has changed to the straight-line method.」
Except for certain assets that had already been depreciated using the straight-line method, the depreciation method for property, plant and equipment was changed from the declining-balance method to the straight-line method, expanding the scope of the accounting policy. The change was attributed to aligning the accounting policy with the production framework and capital investment plan under the medium- to long-term management plan beginning in FY2021, and increased operating profit and other figures by ¥40 million. - FY2019RestatedAnnual report
「However, the Company and its domestic affiliated subsidiaries use the straight-line method for buildings acquired on or after 1 April 1998, excluding building附属設備, and for building附属設備 and structures acquired on or after 1 April 2016.」
The policy of using the straight-line depreciation method for building附属設備 and structures acquired on or after 1 April 2016 continues. - FY2017RestatedAnnual report
「The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The impact on profit and loss was immaterial.」
The change in the depreciation method for building附属設備 and structures, and the explanation that its impact on earnings was immaterial, continue to be disclosed. - FY2017-Q3RestatedAnnual report
「The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The impact on profit and loss was immaterial.」
The accounting policy of changing the depreciation method for building附属設備 and structures from the declining-balance method to the straight-line method continues to be disclosed, with the impact on earnings described as immaterial. - FY2017-Q2First statedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Guidance on Changes in Depreciation Methods under the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first-quarter consolidated accounting period 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 impact on profit and loss was immaterial.」
For buildings and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The impact on profit or loss was considered immaterial.