Change to the straight-line method for property, plant and equipment following capacity expansion
First written in FY2023-Q1. 3 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023.
9 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the current consolidated fiscal year decreased by ¥1,337 million, while operating profit, ordinary profit and profit before income taxes for the year increased by ¥1,279 million each.」
The company disclosed the full-year effect of the change from the declining-balance method to the straight-line method, prompted by investments to expand the Nagoya Plant and other factors, as a ¥1,337 million decrease in depreciation expense and a ¥1,279 million increase in operating profit and other measures. - FY2023-Q3AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative third quarter of the current consolidated fiscal year decreased by ¥1,008 million, while operating profit, ordinary profit and profit before income taxes for the quarter increased by ¥952 million each.」
The cumulative effect of the change from the declining-balance method to the straight-line method was a ¥1,008 million decrease in depreciation expense and a ¥952 million increase in operating profit and other measures. The cumulative effect expanded from the ¥655 million and ¥602 million disclosed for the previous cumulative quarter. - FY2023-Q2AdvancedAnnual report
「As a result, compared with the previous method, depreciation expense for the cumulative second quarter of the current consolidated fiscal year decreased by ¥655 million, while operating profit, ordinary profit and profit before income taxes for the quarter increased by ¥602 million each.」
The change from the declining-balance method to the straight-line method, prompted by investments to expand the Nagoya Plant and other factors, reduced depreciation expense for the cumulative second quarter by ¥655 million and increased operating profit and other measures by ¥602 million. - FY2023-Q1First statedAnnual report
「The company and its domestic consolidated subsidiaries had generally used the declining-balance method to depreciate property, plant and equipment, excluding leased assets, except for certain domestic consolidated subsidiaries. From the first quarter of the current consolidated fiscal year, however, they changed to the straight-line method. Following investments to expand the Nagoya Plant and other factors, the company reviewed how the property, plant and equipment was being used and determined that stable operation was expected over the long term. It therefore concluded that allocating costs evenly over the useful lives under the straight-line method better reflected the actual use of the property, plant and equipment and the company's operating conditions.」
Following investments to expand the Nagoya Plant and other factors, the company reviewed the actual use of its property, plant and equipment and changed the depreciation method from the declining-balance method to the straight-line method. As a result, depreciation expense for the first quarter decreased by ¥313 million, while operating profit and other measures increased by ¥270 million.