Change in Depreciation Method for Store Equipment to the Straight-Line Method
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
18 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative third quarter decreased by ¥27 million, operating income and ordinary income each increased by ¥27 million, and quarterly income before income taxes increased by ¥25 million.」
The change to the straight-line method continued to be applied, and its impact on profit for the cumulative third quarter was disclosed. - FY2017-Q2RestatedAnnual report
「After re-examining the fixed assets held by the company based on its past capital investment and future investment plans, the company determined that, because these assets consist primarily of store equipment related to store openings and renovations and are expected to operate stably over the long term, adopting the straight-line method, which allocates the cost of capital investment evenly to each fiscal year from the perspective of matching store operating costs with revenue, would reasonably reflect the economic substance.」
The accounting policy of applying the straight-line method to store equipment and other assets has continued to be applied. - FY2017-Q1First statedAnnual report
「After re-examining the fixed assets held by the company based on its past capital investment and future investment plans, the company determined that, because these assets consist primarily of store equipment related to store openings and renovations and are expected to operate stably over the long term, adopting the straight-line method, which allocates the cost of capital investment evenly to each fiscal year from the perspective of matching store operating costs with revenue, would reasonably reflect the economic substance.」
The accounting policy was changed from the declining-balance method to the straight-line method based on the nature of the store equipment and the investment plan.