diff --git a/bemani/format/afp/render.py b/bemani/format/afp/render.py
index 38cb377..98f5e56 100644
--- a/bemani/format/afp/render.py
+++ b/bemani/format/afp/render.py
@@ -366,7 +366,9 @@ class AFPRenderer(VerboseOutput):
         else:
             raise Exception(f"Failed to process tag: {tag}")
 
-    def __render_object(self, img: Image.Image, renderable: PlacedObject, parent_transform: Matrix, parent_origin: Point) -> Image.Image:
+    def __render_object(self, img: Image.Image, renderable: PlacedObject, parent_transform: Matrix, parent_origin: Point, prefix: str="") -> Image.Image:
+        self.vprint(f"{prefix}  Rendering placed object ID {renderable.object_id} from sprite {renderable.source.tag_id} onto Depth {renderable.depth}")
+
         # Compute the affine transformation matrix for this object.
         transform = parent_transform.multiply(renderable.transform)
 
@@ -388,8 +390,7 @@ class AFPRenderer(VerboseOutput):
                 key=lambda obj: obj.depth,
             )
             for obj in objs:
-                self.vprint(f"    Rendering placed object ID {obj.object_id} from sprite {obj.source.tag_id} onto Depth {obj.depth}")
-                img = self.__render_object(img, obj, transform, parent_origin.add(renderable.rotation_offset))
+                img = self.__render_object(img, obj, transform, parent_origin.add(renderable.rotation_offset), prefix=prefix + " ")
         elif isinstance(renderable, PlacedShape):
             # This is a shape draw reference.
             shape = renderable.source
@@ -561,7 +562,6 @@ class AFPRenderer(VerboseOutput):
                     clip = self.__find_renderable(root_clip, visible_tag)
                     if clip:
                         for obj in sorted(clip.placed_objects, key=lambda obj: obj.depth):
-                            self.vprint(f"  Rendering placed object ID {obj.object_id} from sprite {obj.source.tag_id} onto Depth {obj.depth}")
                             curimage = self.__render_object(curimage, obj, root_clip.transform, root_clip.rotation_offset)
                 else:
                     # Nothing changed, make a copy of the previous render.