Change to the Straight-Line Method of Depreciation in Light of Factory Reorganization and Stable Operations
First written in FY2017-Q1. 1 of 3 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2017-Q3.
0 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「Consequently, operating income for the current nine-month consolidated cumulative period increased by ¥1,911 million, while ordinary income and quarterly net income before income taxes increased by ¥1,955 million each.」
The company continued to apply the change to the straight-line method and disclosed its impact on earnings for the nine-month cumulative period. - FY2017-Q2AdvancedAnnual report
「Consequently, operating income for the current six-month consolidated cumulative period increased by ¥1,112 million, while ordinary income and quarterly net income before income taxes increased by ¥1,122 million each.」
The company disclosed the impact on earnings for the current six-month cumulative period of changing to the straight-line method due to expectations of stable, long-term operation of equipment following factory restructuring. - FY2017-Q1First statedAnnual report
「In February 2013, the company formulated its medium-term management plan, “Citizen Global Plan 2018,” covering the fiscal year ending March 2019, and proceeded with factory restructuring through structural reforms. As a result, the company expects its equipment to operate stably over the long term and determined that adopting the straight-line depreciation method would more appropriately reflect its actual circumstances. Consequently, operating income for the current first-quarter consolidated cumulative period increased by ¥475 million, while ordinary income and quarterly net income before income taxes increased by ¥480 million each.」
Due to expectations of stable, long-term operation of equipment following factory restructuring, the company changed the depreciation method for domestic property, plant and equipment from the declining-balance method to the straight-line method and disclosed the impact on quarterly earnings.