Change to the Straight-Line Method for Depreciating Property, Plant and Equipment
First written in FY2020-Q1. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
1 other company's latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「From the current consolidated fiscal year, the company has changed to the straight-line method. Compared with the previous method, operating loss and ordinary loss for the current consolidated fiscal year decreased by ¥54 million each, while loss before income taxes decreased by ¥67 million.」
The company applied the change to the straight-line depreciation method for the full fiscal year and disclosed its specific impact on earnings. - FY2020-Q1First statedAnnual report
「The company had traditionally used the declining-balance method to depreciate assets other than logistics centers, and tangible fixed assets other than building fixtures and structures acquired on or after 1 April 2016, excluding leased assets. From the first quarter of the current consolidated fiscal year, it changed the depreciation method to the straight-line method.」
Following a review of the use of tangible fixed assets prompted by the full-scale operation of the Haneda Logistics Center, the company changed its depreciation method from the declining-balance method to the straight-line method. As a result, operating loss, ordinary loss and loss before income taxes for the first quarter decreased by ¥17 million each.