Change in depreciation method for property, plant and equipment from declining-balance to straight-line
First written in FY2023-Q1. 1 of 3 entries say "Restated". Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Other".
- FY2023-Q3Increase in cumulative impactAnnual report
「Previously, the Company and its consolidated subsidiaries used the declining-balance method for depreciating certain items of property, plant and equipment. However, from the first quarter’s consolidated accounting period, they changed to the straight-line method. This change followed a review and examination conducted in light of the actual use of the property, plant and equipment, prompted by the formulation and implementation of the medium-term management plan. As a result, compared with the previous method, operating income, ordinary income, and income before income taxes and other adjustments for the cumulative third quarter increased by ¥27 million each.」
The change in depreciation method itself remains in effect. Its cumulative impact on operating income and other items has increased from ¥18 million for the cumulative second quarter to ¥27 million. - FY2023-Q2RestatedAnnual report
「Previously, the Company and its consolidated subsidiaries used the declining-balance method for depreciating certain items of property, plant and equipment. However, from the first quarter’s consolidated accounting period, they changed to the straight-line method. This change followed a review and examination conducted in light of the actual use of the property, plant and equipment, prompted by the formulation and implementation of the medium-term management plan. As a result, compared with the previous method, operating income, ordinary income, and income before income taxes and other adjustments for the cumulative second quarter increased by ¥18 million each.」
The Company continues to disclose its policy of changing the depreciation method from the declining-balance method to the straight-line method, the review prompted by the medium-term management plan, and the ¥18 million increase in each of the relevant profit figures during the cumulative second quarter. - FY2023-Q1First statedAnnual report
「Previously, the Company and its consolidated subsidiaries used the declining-balance method for depreciating certain items of property, plant and equipment. However, from the first quarter’s consolidated accounting period, they changed to the straight-line method. This change followed a review and examination conducted in light of the actual use of the property, plant and equipment, prompted by the formulation and implementation of the medium-term management plan. As a result, compared with the previous method, operating income, ordinary income, and income before income taxes and other adjustments for the cumulative first quarter increased by ¥8 million each.」
The depreciation method for certain items of property, plant and equipment was changed from the declining-balance method to the straight-line method. The change resulted from a review of actual usage prompted by the formulation and implementation of the medium-term management plan. The Company disclosed that operating income, ordinary income, and income before income taxes and other adjustments each increased by ¥8 million in the current quarter.