Change to the Straight-Line Method for Tangible Fixed Assets as Part of the Unification of Group Accounting Policies
First written in FY2020-Q1. . Latest entry: FY2020.
2 other companies' latest entry also says "Other".
- FY2020Full-Year Impact DisclosedAnnual report
「As a result of this change, operating income, ordinary income and net income before income taxes and other adjustments for the current consolidated fiscal year increased by ¥36.038 million each, compared with the amounts that would have resulted under the previous method.」
The policy of changing from the declining-balance method to the straight-line method remains in effect, and the full-year impact on operating income and other items has been disclosed as ¥36.038 million. - FY2020-Q3Updated the impact of applicationAnnual report
「As a result of this change, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the nine-month period of the current consolidated fiscal year increased by ¥23.699 million each, compared with the amounts that would have resulted under the previous method.」
The policy of changing from the declining-balance method to the straight-line method remains in effect, and the disclosed impact on operating income and other items for the cumulative third-quarter period has been updated to ¥23.699 million. - FY2020-Q2Updated the impact of applicationAnnual report
「As a result of this change, operating income, ordinary income and quarterly net income before income taxes and other adjustments for the six-month period of the current consolidated fiscal year increased by ¥14.632 million each, compared with the amounts that would have resulted under the previous method.」
The policy of changing from the declining-balance method to the straight-line method remains in effect, and the disclosed impact on operating income and other items for the cumulative period has been updated to ¥14.632 million. - FY2020-Q1First statedAnnual report
「The Company and certain consolidated subsidiaries had previously mainly used the declining-balance method to depreciate property, plant and equipment, but changed to the straight-line method from the current first quarter of the consolidated fiscal year. This change was made because, after reconsidering the depreciation method from the perspectives of standardizing the Group's accounting policies and ensuring more appropriate period-based profit measurement, the Company determined that, based on past investment and usage results and future investment and usage plans, property, plant and equipment is expected to operate stably over the long term within its useful lives. Accordingly, the straight-line method was judged to be a reasonable method that more appropriately reflects the actual condition of the property, plant and equipment.」
From the first quarter of the current consolidated fiscal year, the depreciation method for property, plant and equipment held by the Company and certain consolidated subsidiaries was changed from the declining-balance method to the straight-line method. The change was made to standardize the Group's accounting policies and ensure more appropriate period-based profit measurement, increasing operating income, ordinary income and quarterly net income before income taxes and other adjustments by ¥6.601 million each.