Change in the depreciation method for tangible fixed assets, including store equipment, to the straight-line method
First written in FY2017-Q2. 4 of 5 entries say "Restated". Latest entry: FY2018-Q2.
2 other companies' latest entry also says "Restated".
- FY2018-Q2RestatedAnnual report
「Compared with the previous method, segment profit for the six months ended the second quarter increased by ¥37 million in the footwear business and ¥16 million in the apparel business.」
The change to the straight-line depreciation method for tangible fixed assets, applied from the first quarter, has continued to be applied, and its impact on segment profit for the six months ended the second quarter is shown. - FY2018-Q1RestatedAnnual report
「As described under “Changes in accounting policies that are difficult to distinguish from changes in accounting estimates,” tangible fixed assets, excluding leased assets, had previously been depreciated using the declining-balance method, except for buildings acquired on or after 1 April 1998, excluding attached facilities, and buildings with fixed-term land leases, for which the straight-line method was used. From the first quarter of the current consolidated fiscal year, the straight-line method has been adopted.」
The accounting policy of applying the straight-line method to the depreciation of store facilities and other assets has continued. Segment profit for the current quarter increased by ¥17 million in the footwear business and ¥7 million in the apparel business. - FY2017RestatedAnnual report
「As a result, compared with the previous method, depreciation expense for the current consolidated fiscal year decreased by ¥121 million, while operating profit increased by ¥121 million, ordinary profit by ¥122 million, and profit before income taxes by ¥111 million.」
The full-year impact of changing the depreciation method for store facilities and other assets to the straight-line method is shown in terms of its impact on depreciation expense and profit. - FY2017-Q3RestatedAnnual report
「Tangible fixed assets, excluding leased assets, had previously been depreciated using the declining-balance method, except for buildings acquired on or after 1 April 1998, excluding attached facilities, and buildings with fixed-term land leases, for which the straight-line method was used. From the first quarter of the current consolidated fiscal year, the straight-line method has been adopted.」
The policy change to the straight-line depreciation method for store facilities and other assets, implemented from the first quarter, has continued to be applied. For the nine months ended the third quarter, depreciation expense decreased by ¥87 million and operating profit increased by ¥87 million. - FY2017-Q2First statedAnnual report
「Following a further review of the fixed assets held by the Group based on its past capital investment and future investment plans, we determined that, because these assets consist primarily of store facilities related to store openings and renovations, they are expected to operate stably over the long term. We therefore determined that adopting the straight-line method, which allocates capital investment costs evenly each period from the perspective of matching store operating costs with revenue, would reasonably reflect the economic substance.」
From the first quarter of the current consolidated fiscal year, the depreciation method for tangible fixed assets was changed from the declining-balance method to the straight-line method. As a result of the change, depreciation expense for the six months ended the second quarter decreased by ¥54 million, and operating profit increased by ¥54 million.