Changes in the Depreciation Method and Useful Lives of Property, Plant and Equipment
First written in FY2022-Q1. 3 of 4 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2022.
1 other company's latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「As a result of these changes, compared with the previous methods, operating income, ordinary income and net income before income taxes and other adjustments for the fiscal year under review increased by ¥3,470 million in each case.」
The changes to the depreciation method and useful lives increased operating income, ordinary income and net income before income taxes and other adjustments by ¥3,470 million in each case for the full year. - FY2022-Q3AdvancedAnnual report
「As a result of these changes, compared with the previous methods, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the nine months ended the third quarter increased by ¥2,518 million in each case.」
The Company disclosed that, for the cumulative third-quarter period, the changes to the depreciation method and useful lives of property, plant and equipment increased operating income, ordinary income and quarterly net income before income taxes and other adjustments by ¥2,518 million in each case. - FY2022-Q2AdvancedAnnual report
「As a result of these changes, compared with the previous methods, operating loss, ordinary loss and quarterly net loss before income taxes and other adjustments for the six months ended the second quarter improved by ¥1,615 million in each case.」
The Company disclosed that, for the cumulative second-quarter period, the changes to the depreciation method and useful lives of property, plant and equipment made from the first quarter improved each of the losses by ¥1,615 million. - FY2022-Q1First statedAnnual report
「The Company had previously used the declining-balance method primarily for depreciating property, plant and equipment, but changed primarily to the straight-line method from the first quarter of the fiscal year under review.」
In light of future investment plans for rolling stock and other assets and the pattern in which their economic benefits are consumed, the depreciation method was changed primarily from the declining-balance method to the straight-line method, and useful lives were also revised to reflect the estimated periods of economic use.