Change in the depreciation method for dies from the declining-balance method to the straight-line method
First written in FY2018-Q1. 1 of 4 entries say "Restated". Latest entry: FY2019.
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- FY2019RestatedAnnual report
「The Company uses the straight-line method for buildings acquired on or after 1 April 1998, excluding building improvements, building improvements and structures acquired on or after 1 April 2016, and dies included in tools, furniture and fixtures.」
The accounting policy change for dies from the declining-balance method to the straight-line method continues to be applied. - FY2018-Q3Cumulative impact increasedAnnual report
「As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the nine-month period of the current fiscal year increased by ¥9.458 million each.」
The impact of changing the depreciation method for dies from the declining-balance method to the straight-line method was quantified as an increase of ¥9.458 million each in operating income, ordinary income and profit before income taxes for the nine-month period. - FY2018-Q2Quantification of the ImpactAnnual report
「As a result, compared with the previous method, operating income, ordinary income and profit before income taxes for the six-month period of the current fiscal year increased by ¥2.451 million each.」
The depreciation method for dies has continued to be changed from the declining-balance method to the straight-line method since the first quarter, with the impact on profit for the six-month period quantified at ¥2.451 million. - FY2018-Q1First statedAnnual report
「From the first quarter of the current fiscal year, the Company has changed the depreciation method for dies included in tools, furniture and fixtures under property, plant and equipment from the previously used declining-balance method to the straight-line method. This change is intended to calculate more appropriate periodic profit or loss than under the previous depreciation method by aligning depreciation with the transaction terms for the amount equivalent to the die production cost, namely, equal receipt over a specified period, because increased new orders have increased die production costs and their materiality. The impact of this change on profit or loss for the nine-month period of the current fiscal year was immaterial.」
Against the backdrop of the increased materiality of die production costs accompanying the increase in new orders, the depreciation method for dies was changed from the declining-balance method to the straight-line method.