Change in depreciation method for building fixtures and structures
First written in FY2017-Q1. 5 of 6 entries say "Restated". Latest entry: FY2019.
- FY2019RestatedAnnual report
「The company and its domestic consolidated subsidiaries use the declining-balance method. However, the straight-line method is used for buildings, excluding building fixtures, acquired on or after 1 April 1998, and for building fixtures and structures acquired on or after 1 April 2016.」
The company continues to apply the accounting policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016. - FY2018RestatedAnnual report
「The company and its domestic consolidated subsidiaries use the declining-balance method. However, the straight-line method is used for buildings, excluding building fixtures, acquired on or after 1 April 1998, and for building fixtures and structures acquired on or after 1 April 2016.」
The company continues to apply the accounting policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016 throughout the fiscal year. - FY2017RestatedAnnual report
「In accordance with the revision of the Corporation Tax Act, the company has applied the “Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform” (Practical Issues Task Force No. 32, 17 June 2016) in the current consolidated 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 company also discloses for the full year the change in depreciation method for building fixtures and structures, stating that the impact on profit or loss is immaterial. - FY2017-Q3RestatedAnnual report
「In accordance with the amendment to the Corporation Tax Act, the company applied the Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) during the first quarter, 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 company continues to disclose the change in depreciation method for building fixtures and structures applied from the first quarter. The impact on profit or loss is considered immaterial. - FY2017-Q2RestatedAnnual report
「In accordance with the amendment to the Corporation Tax Act, the company applied the Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) during the first quarter, 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 company continues to disclose in the second quarter the change in depreciation method applied from the first quarter. The impact on profit or loss is considered immaterial. - FY2017-Q1First statedAnnual 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.」
This is a change in accounting policy accompanying a tax reform, and its impact on profit or loss for the current cumulative quarter is considered immaterial.