Change in depreciation method for building improvements and structures
First written in FY2017-Q2. 7 of 10 entries say "Restated". Latest entry: FY2022.
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- FY2022AchievedAnnual report
「The company and its domestic consolidated subsidiaries had previously used primarily the declining-balance method to depreciate property, plant and equipment, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding buildings’ ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016. Beginning with the current consolidated fiscal year, the depreciation method was changed to the straight-line method.」
In addition to buildings’ ancillary facilities, structures and other assets, the depreciation method for all property, plant and equipment was changed to the straight-line method and fully applied from the current fiscal year. The impact on operating profit was stated as ¥127.352 million. - FY2022-Q3RestatedAnnual report
「The company and its domestic consolidated subsidiaries had previously used primarily the declining-balance method to depreciate property, plant and equipment, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding buildings’ ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016. Beginning with the first quarter, the depreciation method was changed to the straight-line method.」
The accounting policy of changing the depreciation method for property, plant and equipment to the straight-line method from the first quarter continued to be applied in the third quarter. - FY2022-Q2RestatedAnnual report
「The company and its domestic consolidated subsidiaries had previously used primarily the declining-balance method to depreciate property, plant and equipment, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding buildings’ ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016. Beginning with the first quarter, the depreciation method was changed to the straight-line method.」
The accounting policy of changing the depreciation method for property, plant and equipment to the straight-line method continued to be applied, and the impact on operating profit and other items for the six months ended the second quarter was disclosed. - FY2022-Q1ReframedAnnual report
「The company and its domestic consolidated subsidiaries had previously used primarily the declining-balance method to depreciate property, plant and equipment, except that the straight-line method was used for buildings acquired on or after 1 April 1998, excluding buildings’ ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016. Beginning with the first quarter of the current consolidated fiscal year, the depreciation method was changed to the straight-line method.」
In addition to buildings’ ancillary facilities, structures and other assets for which the straight-line method had already been used, the scope of the change from primarily the declining-balance method to the straight-line method was expanded to property, plant and equipment as a whole. - FY2020RestatedAnnual report
「However, the company and its domestic consolidated subsidiaries use the straight-line method for buildings acquired on or after 1 April 1998, excluding buildings’ ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016.」
The accounting policy of applying the straight-line method to buildings’ ancillary facilities and structures acquired on or after 1 April 2016 has continued. - FY2019RestatedAnnual report
「However, the company and its domestic consolidated subsidiaries use the straight-line method for buildings acquired on or after 1 April 1998, excluding buildings’ ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016.」
The accounting policy of using the straight-line method for buildings’ ancillary facilities and structures acquired on or after 1 April 2016 has continued. - FY2018RestatedAnnual report
「However, the company and its domestic consolidated subsidiaries use the straight-line method for buildings acquired on or after 1 April 1998, excluding ancillary facilities, and for buildings’ ancillary facilities and structures acquired on or after 1 April 2016.」
The accounting policy of using the straight-line method for buildings’ ancillary facilities and structures acquired on or after 1 April 2016 has continued. - FY2017RestatedAnnual report
「In line with amendments to the Corporation Tax Act, the company applied, in the current consolidated fiscal year, Practical Solution Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (17 June 2016), and changed the depreciation method for buildings’ ancillary facilities and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact on profit or loss is immaterial.」
The accounting policy of changing the depreciation method for buildings’ ancillary facilities and structures from the declining-balance method to the straight-line method, together with the explanation that the impact on profit or loss is immaterial, has been disclosed again. - FY2017-Q3RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Guidance on Changes in Depreciation Methods under the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first-quarter consolidated accounting period 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. The impact on profit and loss was immaterial.」
The accounting policy of changing the depreciation method for buildings’ ancillary facilities and structures from the declining-balance method to the straight-line method continued to be disclosed in the third-quarter notes. - FY2017-Q2First statedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Guidance on Changes in Depreciation Methods under the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first-quarter consolidated accounting period 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. The impact on profit and loss was immaterial.」
For buildings’ ancillary facilities and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The company considers the impact on profit or loss to be immaterial.