Change in Depreciation Method for Property, Plant and Equipment from Declining-Balance to Straight-Line
First written in FY2020-Q1. 2 of 3 entries say "Restated". Latest entry: FY2020.
13 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The group previously used the declining-balance method for depreciating property, plant and equipment, excluding leased assets, but changed to the straight-line method from the current consolidated fiscal year. As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the current consolidated fiscal year increased by ¥761 million each.」
The change from the declining-balance method to the straight-line method continued to apply for the full year, with the impact on operating profit, ordinary profit and profit before income taxes shown as ¥761 million each. - FY2020-Q2RestatedAnnual report
「The group previously used the declining-balance method for depreciating property, plant and equipment, excluding leased assets, but changed to the straight-line method from the first quarter of the current consolidated fiscal year. The change followed a review of how the group's property, plant and equipment is used, prompted by capital investment under the medium-term management plan and the construction of a new recycling center by 株式会社ダイセキ環境ソリューション, a consolidated subsidiary. Since the group's property, plant and equipment is expected to operate stably going forward, the group determined that allocating costs evenly over the assets' useful lives was appropriate for more accurate measurement of income by period. As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the cumulative second-quarter period increased by ¥274 million each.」
The change in the depreciation method to the straight-line method from the first quarter continues to be disclosed, with the impact on operating profit, ordinary profit and quarterly profit before income taxes for the cumulative second-quarter period shown as ¥274 million each. - FY2020-Q1First statedAnnual report
「The group previously used the declining-balance method for depreciating property, plant and equipment, excluding leased assets, but changed to the straight-line method from the first quarter of the current consolidated fiscal year. The change followed a review of how the group's property, plant and equipment is used, prompted by capital investment under the medium-term management plan and the construction of a new recycling center by 株式会社ダイセキ環境ソリューション, a consolidated subsidiary. Since the group's property, plant and equipment is expected to operate stably going forward, the group determined that allocating costs evenly over the assets' useful lives was appropriate for more accurate measurement of income by period. As a result of this change, compared with the previous method, operating profit, ordinary profit and profit before income taxes for the cumulative first-quarter period increased by ¥108 million each.」
The company reviewed how its property, plant and equipment is used in connection with medium-term capital investment and the construction of a new recycling center, and changed its depreciation method from the declining-balance method to the straight-line method based on expectations of stable operations. The filing states that the change increased operating profit, ordinary profit and quarterly profit before income taxes for the cumulative first-quarter period by ¥108 million each.