Changing the Depreciation Method for Property, Plant and Equipment to the Straight-Line Method
First written in FY2020-Q2. 3 of 4 entries say "Restated". Latest entry: FY2020.
2 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「As a result of this change, operating income, ordinary income and profit before income taxes for the current fiscal year increased by ¥238.332 million compared with the previous method.」
The company continued its policy of changing the depreciation method for property, plant and equipment to the straight-line method and disclosed the full-year impact on profit. - FY2020-Q4RestatedAnnual report
「As a result of this change, operating income, ordinary income and profit before income taxes for the cumulative third quarter increased by ¥174.619 million compared with the previous method.」
The company continued the change in the depreciation method to the straight-line method and disclosed the impact for the cumulative third quarter. - FY2020-Q3RestatedAnnual report
「As a result of this change, operating income, ordinary income and profit before income taxes for the cumulative second quarter increased by ¥111.010 million compared with the previous method.」
The company continued its policy of changing the depreciation method for property, plant and equipment to the straight-line method and disclosed the impact for the cumulative second quarter. - FY2020-Q2First statedAnnual report
「From the first quarter of the current fiscal year, we changed to the straight-line method. We made this change because we plan to invest mainly in replacing and renewing existing equipment, and expect stable operations through the level use of property, plant and equipment. We therefore determined that the new method would more appropriately reflect actual usage.」
The depreciation method was changed from the declining-balance method to the straight-line method due to planned investment centered on the replacement and renewal of existing equipment and the expected stable operation of the equipment. Operating income, ordinary income and profit before income taxes for the cumulative first quarter increased by ¥52.194 million compared with the previous method.