Change in the Depreciation Method for Property, Plant and Equipment From the Declining-Balance Method to the Straight-Line Method
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Restated".
- FY2020-Q3RestatedAnnual report
「Compared with the previous method, operating income for the first nine months of the current fiscal year increased by ¥18,829 million, while ordinary income and pretax quarterly net income each increased by ¥18,790 million.」
The change from the declining-balance method to the straight-line method applied from the first quarter continued, with the impact disclosed as an ¥18,829 million increase in operating income and an ¥18,790 million increase in ordinary income and other measures for the first nine months. - FY2020-Q2RestatedAnnual report
「The Company and certain consolidated subsidiaries previously used the declining-balance method for depreciating property, plant and equipment, but changed to the straight-line method from the first quarter. Compared with the previous method, operating income for the first six months of the current fiscal year increased by ¥12,745 million, while ordinary income and pretax quarterly net income each increased by ¥12,719 million.」
The change from the declining-balance method to the straight-line method applied from the first quarter continued, with the impact disclosed as a ¥12,745 million increase in operating income and a ¥12,719 million increase in ordinary income and other measures for the first six months. - FY2020-Q1First statedAnnual report
「The Company and certain consolidated subsidiaries previously used the declining-balance method for depreciating property, plant and equipment, but changed to the straight-line method from the first quarter of the current fiscal year.」
The depreciation method was changed to more appropriately reflect the actual use of the assets held, in light of changes including electricity market reform, the start of commercial operations at Ishikariwan Shinko Port Power Station Unit 1, and the completion of expansion work on the Kitahon interconnection facilities. As a result, operating income increased by ¥6,305 million, while ordinary income and pretax quarterly net income each increased by ¥6,292 million.