Change in the Depreciation Method for Building Improvements and Structures
First written in FY2017-Q2. 3 of 4 entries say "Restated". Latest entry: FY2018.
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- FY2018RestatedAnnual report
「The straight-line method is used for buildings and structures acquired on or after 1 April 2016.」
The annual report continues to apply the accounting policy of using the straight-line method for depreciating buildings and structures. - FY2017RestatedAnnual report
「In accordance with amendments to the Corporation Tax Act, the company applied the Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the consolidated fiscal year, 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 of this change on profit or loss for the consolidated fiscal year was immaterial.」
The annual report continues to explain the change in the depreciation method for buildings and structures and describes its impact on earnings as immaterial. - FY2017-Q3RestatedAnnual report
「In accordance with the revision of the Corporation Tax Act, the company applied the Practical Treatment of Changes in Depreciation Methods Related to the FY2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) in the first quarter of the current consolidated accounting period, changing 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 of this change on income or loss for the cumulative third quarter of the current consolidated fiscal year is immaterial.」
The accounting policy of changing the depreciation method for buildings and structures from the declining-balance method to the straight-line method is reiterated, with the impact on earnings described as immaterial. - FY2017-Q2First statedAnnual report
「Following the revision of the Corporation Tax Act, we applied the Practical Solution on Changes in Depreciation Methods Related to the FY2016 Tax Reform (Practical Solution Report No. 32, dated 17 June Heisei 28) from the first quarter of the current consolidated fiscal year and changed the depreciation method for building fixtures and structures acquired on or after 1 April Heisei 28 from the declining-balance method to the straight-line method. The impact of this change on earnings for the first six months of the current consolidated fiscal year was immaterial.」
For buildings 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 impact on earnings was described as immaterial.