Change to the Straight-Line Depreciation Method for Domestic Tangible Fixed Assets
First written in FY2023-Q1. 3 of 4 entries say "Restated". Latest entry: FY2023.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As a result, compared with the previous method, operating profit for the current fiscal year increased by ¥610 million, while ordinary profit and profit before income taxes increased by ¥636 million each.」
The change in the depreciation method for domestic tangible fixed assets from the declining-balance method to the straight-line method continues to be disclosed, with the full-year impact on profit quantified. - FY2023-Q3RestatedAnnual report
「As a result, compared with the previous method, operating profit for the cumulative third quarter of the current fiscal year increased by ¥431 million, while ordinary profit and profit before income taxes increased by ¥453 million each.」
The policy of changing the depreciation method for domestic tangible fixed assets to the straight-line method is reiterated, and the impact disclosed is an increase of ¥431 million in operating profit and ¥453 million each in ordinary profit and profit before income taxes for the cumulative third quarter. - FY2023-Q2RestatedAnnual report
「For the depreciation of tangible fixed assets (excluding leased assets), the Company and its domestic consolidated subsidiaries traditionally primarily used the declining-balance method, while overseas consolidated subsidiaries primarily used the straight-line method. However, for the Company and its domestic consolidated subsidiaries, the method has been changed to the straight-line method from the first quarter of the fiscal year. As a result, compared with the previous method, operating profit for the cumulative second quarter of the current fiscal year increased by ¥275 million, while ordinary profit and profit before income taxes increased by ¥292 million each.」
The change in the depreciation method for domestic tangible fixed assets to the straight-line method is reiterated, with the impact on operating profit and other items disclosed for the first-half cumulative period. - FY2023-Q1First statedAnnual report
「For the depreciation of tangible fixed assets (excluding leased assets), the Company and its domestic consolidated subsidiaries traditionally primarily used the declining-balance method, while overseas consolidated subsidiaries primarily used the straight-line method. However, for the Company and its domestic consolidated subsidiaries, the method has been changed to the straight-line method from the current first quarter of the fiscal year. The declining-balance method previously applied except to buildings acquired on or after 1 April 1998 (excluding building improvements), and building improvements and structures acquired on or after 1 April 2016, for which the straight-line method was used.」
The depreciation method for domestic tangible fixed assets was changed from the previously predominant declining-balance method to the straight-line method. The reasons were the expected long-term stable operation of production facilities and the usefulness of the information for investment decisions and performance management across the Group.