Change in inventory valuation method (change to the weighted-average cost method)
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
19 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The company and certain consolidated subsidiaries had previously used a cost method based mainly on the specific identification method to value merchandise, but changed primarily to a cost method based on the weighted-average method from the first-quarter consolidated accounting period.」
The change in the inventory valuation method introduced from the first quarter continues to be applied. - FY2023-Q2RestatedAnnual report
「The company and certain consolidated subsidiaries had previously used a cost method based mainly on the specific identification method to value merchandise, but changed primarily to a cost method based on the weighted-average method from the first-quarter consolidated accounting period.」
The company continues to apply the change in inventory valuation method introduced in the first quarter. The impact of the change was considered immaterial. - FY2023-Q1First statedAnnual report
「The company and certain consolidated subsidiaries had previously used a cost method based mainly on the specific identification method to value merchandise, with balance sheet amounts determined by writing down book value based on declines in profitability. From the first-quarter consolidated accounting period, they changed primarily to a cost method based on the weighted-average method, with balance sheet amounts determined by writing down book value based on declines in profitability.」
From the first-quarter consolidated accounting period, the company changed its merchandise valuation method primarily from the specific identification method to the weighted-average method. The review was prompted by improvements to the core system, and the impact was considered immaterial.