Change in the depreciation method for property, plant and equipment from the declining-balance method to the straight-line method
First written in FY2023-Q1. . Latest entry: FY2023-Q3.
1 other company's latest entry also says "Other".
- FY2023-Q3Cumulative impact increasedAnnual report
「As a result of this change, compared with the previous method, operating profit increased by ¥21,693 million, while ordinary loss and quarterly loss before income taxes each decreased by ¥21,564 million.」
For the change from the declining-balance method to the straight-line method applied from the first quarter, the impact for the nine months ended the third quarter was a ¥21,693 million increase in operating profit and a ¥21,564 million decrease in ordinary loss and other items. - FY2023-Q2Disclosure of the cumulative impact of the change in depreciation methodAnnual report
「As a result of this change, compared with the previous method, operating profit increased by ¥14,228 million, while ordinary loss and quarterly loss before income taxes each decreased by ¥14,141 million.」
For the change from the declining-balance method to the straight-line method applied from the first quarter, the impact on profit for the six months ended the second quarter was disclosed as a ¥14,228 million increase in operating profit and a ¥14,141 million decrease in ordinary loss and other items. - FY2023-Q1First statedAnnual report
「Previously, the Company and its consolidated subsidiaries mainly used the declining-balance method to depreciate property, plant and equipment, but from the first quarter of the fiscal year under review they mainly changed to the straight-line method.」
In light of expectations that electricity demand in the Chubu area would remain stable, efficient and stable business operations under electricity system reform, and the policy on capital investment and stable operation under the medium-term management plan beginning in fiscal 2022, the depreciation method was changed mainly from the declining-balance method to the straight-line method. As a result of the change, compared with the previous method, operating profit increased by ¥7,056 million, while ordinary profit and quarterly profit before income taxes increased by ¥7,016 million each.