BUSINESS BRAIN SHOWA・OTA INC. (9658) · PolicyFirst stated

Change to the Straight-Line Method for Depreciating Property, Plant and Equipment

First written in FY2019-Q1. . Latest entry: FY2019-Q1.

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Change in depreciation method in connection with global expansion and increased production capacityA theme 20 companies write about · 0 as a headwind · 18 as a tailwind

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FY2019-Q1First statedAnnual report
「The Company had traditionally used the declining-balance method, primarily, to depreciate tangible fixed assets (excluding leased assets) held by it and its consolidated subsidiaries, except that the straight-line method was used for buildings acquired on or after 1 April 1998 and building fixtures acquired on or after 1 April 2016. From the first quarter of the current consolidated fiscal year, however, it changed to the straight-line method.」
After reviewing the use of tangible fixed assets and its capital investment policy in connection with the branch relocation, the Company changed its depreciation method from the declining-balance method to the straight-line method from the first quarter of the current consolidated fiscal year to better reflect cost allocation and economic substance.

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