Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q3. 2 of 3 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2024: 2 of 16 companies on the "Worse" side.
- FY2021RestatedAnnual report
「However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building improvements, building improvements and structures related to the senior integrated welfare services business, and building improvements and structures acquired on or after 1 April 2016.」
The Company continues its accounting policy of applying the straight-line method to eligible building improvements and structures. - FY2018RestatedAnnual report
「The straight-line method is used for building fixtures and structures acquired on or after 1 April 2016.」
The Company continues to apply its accounting policy following the change in the depreciation method for building improvements and structures. - FY2017-Q3First statedAnnual report
「Following revisions to the Corporation Tax Act, we applied the Practical Response Report No. 32, Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform, from the first quarter of the 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.」
Following tax law revisions, the depreciation method for building improvements 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 described as immaterial.