Changing 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.
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- FY2023Full-year impact of the depreciation-method change disclosedAnnual report
「As a result of this change, the consolidated ordinary loss and the net loss before income taxes for the fiscal year decreased by ¥4,668 million each compared with the previous method.」
The company disclosed that, for the full fiscal year, the change from the declining-balance method to the straight-line method reduced the ordinary loss and net loss before income taxes by ¥4.668 billion each compared with the previous method. - FY2023-Q3Increasing impact of the change in depreciation methodAnnual report
「As a result of this change, the consolidated ordinary loss and the quarterly net loss before income taxes for the cumulative third quarter decreased by ¥3,440 million each compared with the previous method.」
The company disclosed that the change from the declining-balance method to the straight-line method applied from the first quarter reduced the loss for the cumulative period by ¥3,440 million. - FY2023-Q2Added disclosure of the impact of the change in depreciation method.Annual report
「As a result of this change, the consolidated ordinary loss and the quarterly net loss before income taxes for the cumulative second quarter decreased by ¥2,257 million each compared with the previous method.」
The company disclosed that the change from the declining-balance method to the straight-line method applied from the first quarter reduced the loss for the cumulative second quarter by ¥2,257 million. - FY2023-Q1First statedAnnual report
「The company and its consolidated subsidiaries previously used the declining-balance method primarily for depreciating property, plant and equipment, but changed to the straight-line method from the first quarter of the current consolidated fiscal year. As a result of this change, the consolidated ordinary loss and the quarterly net loss before income taxes for the cumulative first quarter decreased by ¥1,093 million each compared with the previous method.」
From 1 April 2022, the company changed the primary depreciation method for property, plant and equipment from the declining-balance method to the straight-line method. The change was based on the outlook for electricity demand and capital investment in the Okinawa area and the expected future use of power generation, transmission and distribution facilities. As a result, the ordinary loss and quarterly net loss before income taxes for the first quarter decreased by ¥1,093 million each compared with the previous method.