Changing the Depreciation Method for Property, Plant and Equipment to the Straight-Line Method
First written in FY2017-Q1. 3 of 4 entries say "Restated". Latest entry: FY2017.
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- FY2017RestatedAnnual report
「The Company and its domestic consolidated subsidiaries had traditionally applied the declining-balance method, mainly with certain exceptions, to depreciate property, plant and equipment, but changed to the straight-line method from the current consolidated fiscal year.」
The change to the straight-line method, prompted by the completion of the new head office building, the actual use of the assets, changes in the business format and tax reforms, continues to be applied in the current fiscal year. - FY2017-Q3RestatedAnnual report
「The Company and its domestic consolidated subsidiaries had traditionally applied the declining-balance method, mainly with certain exceptions, to depreciate property, plant and equipment, but changed to the straight-line method from the first quarter of the consolidated fiscal year.」
The change to the straight-line method from the first quarter continues to be applied. Depreciation expense for the cumulative third quarter decreased by ¥43.023 million compared with the previous method, as disclosed. - FY2017-Q2RestatedAnnual report
「The Company and its domestic consolidated subsidiaries had traditionally applied the declining-balance method, mainly with certain exceptions, to depreciate property, plant and equipment, but changed to the straight-line method from the first quarter of the consolidated fiscal year.」
The change to the straight-line method continues to be applied, and depreciation expense for the cumulative second quarter decreased by ¥15.203 million compared with the previous method, as disclosed. - FY2017-Q1First statedAnnual report
「The Company and its domestic consolidated subsidiaries had traditionally applied the declining-balance method, mainly with certain exceptions, to depreciate property, plant and equipment, but changed to the straight-line method from the first quarter of the current consolidated fiscal year.」
Following the completion of the new head office building, a review of the actual use of the assets in light of the asset holdings, changes in the business format in line with management strategy and tax reforms led to a change to the straight-line method. Depreciation expense for the quarter decreased by ¥11.821 million compared with the previous method.