Change in depreciation method for building improvements and structures
First written in FY2017-Q3. 5 of 7 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
- FY2024RestatedAnnual report
「Tangible fixed assets (excluding leased assets) ① Depreciation method The straight-line method is used.」
It reconfirms the policy of using the straight-line method for tangible fixed assets, excluding leased assets. - FY2023ReframedAnnual report
「From the current consolidated fiscal year, the depreciation method for all tangible fixed assets, excluding leased assets, was changed to the straight-line method.」
The policy was changed from using the declining-balance method for some assets in combination with other methods to depreciating all tangible fixed assets, excluding leased assets, using the straight-line method. - FY2020RestatedAnnual report
「The declining-balance method is used. However, the straight-line method is used for the Yokosuka store, the Sun Pearl Fujisawa Building, buildings acquired on or after 1 April 1998 (excluding building improvements), and buildings and structures acquired on or after 1 April 2016.」
It reconfirms the policy of using the straight-line method for buildings, structures and other assets, except at the Yokosuka store and other locations. - FY2019RestatedAnnual report
「The declining-balance method is used. However, the straight-line method is used for the Yokosuka store, the Sun Pearl Fujisawa Building, buildings acquired on or after 1 April 1998 (excluding building improvements), and buildings and structures acquired on or after 1 April 2016.」
It reconfirms the policy of using the straight-line method for buildings, structures and other assets, except at the Yokosuka store and other locations. - FY2018RestatedAnnual report
「The declining-balance method is used. However, the straight-line method is used for the Yokosuka store, the Sun Pearl Fujisawa Building, buildings acquired on or after 1 April 1998 (excluding building improvements), and buildings and structures acquired on or after 1 April 2016.」
The annual report also describes the policy of using the straight-line method for buildings and structures, except at the Yokosuka store and other locations. - FY2017RestatedAnnual report
「The depreciation method for building improvements and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method, except at the Yokosuka store. The impact on the consolidated financial statements for the current fiscal year was immaterial.」
The annual report also confirms the change in the depreciation method for building improvements and structures and the immaterial impact on the financial statements. - FY2017-Q3First statedAnnual report
「Following revisions to the Corporation Tax Act, the Practical Solution on Changes in Depreciation Methods Following the 2016 Tax Reform (Practical Response Report No. 32, 17 June 2016) was applied from the first quarter of the consolidated fiscal year. The depreciation method for building improvements and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method, except at the Yokosuka store. The impact on the quarterly consolidated financial statements during the nine-month cumulative period of the third quarter was immaterial.」
It states that the depreciation method for building improvements and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method, except at the Yokosuka store, and that the impact on the financial statements was immaterial.