Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q3. 2 of 3 entries say "Restated". Latest entry: FY2022.
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- FY2022RestatedAnnual report
「The straight-line method is used for vessels, the assets of the Shinonome Building, buildings acquired on or after 1 April 1998, excluding building improvements, and building improvements and structures acquired on or after 1 April 2016.」
The company reconfirms its depreciation policy of using the straight-line method for building improvements, structures and other assets. - FY2017RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company and its domestic consolidated subsidiaries applied the Practical Solution on the Change in Depreciation Method Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) in the consolidated fiscal year under review, and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The annual report reconfirms the accounting policy of changing the depreciation method for building improvements and structures from the declining-balance method to the straight-line method. - FY2017-Q3First statedAnnual report
「In response to amendments to the Corporation Tax Act, the company and its domestic consolidated subsidiaries applied the Practical Solution on Changes in Depreciation Method in Response to the 2016 Tax Reform (Practical Response Report No. 32, dated 17 June 2016) from the first quarter of the consolidated fiscal year under review, changing the depreciation method for building improvements and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
For building improvements and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The company stated that the impact on operating profit, ordinary profit and profit before income taxes and other adjustments for the quarter was immaterial.