Change in inventory valuation method from the specific identification method to the moving average method
First written in FY2019-Q1. 4 of 5 entries say "Restated". Latest entry: FY2020.
19 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The cost of merchandise and products held by the Company and certain consolidated subsidiaries had previously been measured using the specific identification method, with balance sheet amounts written down based on declines in profitability. From the current consolidated fiscal year, the method has been changed to the moving average method, with balance sheet amounts written down based on declines in profitability.」
The change in the inventory valuation method prompted by the introduction of the new sales management system continues to be applied to the annual financial statements. - FY2019RestatedAnnual report
「The cost of merchandise and products held by the Company and certain consolidated subsidiaries had previously been measured using the specific identification method, with balance sheet amounts written down based on declines in profitability. From the current consolidated fiscal year, the method has been changed to the moving average method, with balance sheet amounts written down based on declines in profitability.」
The accounting policy for valuing merchandise and products, changed from the specific identification method to the moving average method, continued to be applied in the annual financial statements. - FY2019-Q3RestatedAnnual report
「The cost of merchandise and products held by the Company and certain consolidated subsidiaries had previously been measured using the specific identification method, with balance sheet amounts written down based on declines in profitability. From the first quarter of the consolidated fiscal year, the method has been changed to the moving average method, with balance sheet amounts written down based on declines in profitability.」
The accounting policy for valuing merchandise and products, changed from the specific identification method to the moving average method, continued to be applied in the current third quarter. - FY2019-Q2RestatedAnnual report
「The cost of merchandise and products held by the Company and certain consolidated subsidiaries had previously been measured using the specific identification method, with balance sheet amounts written down based on declines in profitability. From the first quarter of the consolidated fiscal year, the method has been changed to the moving average method, with balance sheet amounts written down based on declines in profitability.」
The accounting policy for valuing merchandise and products, changed from the specific identification method to the moving average method, continued to be applied in the current second quarter. - FY2019-Q1First statedAnnual report
「The cost of merchandise and products held by the Company and certain consolidated subsidiaries had previously been measured using the specific identification method, with balance sheet amounts written down based on declines in profitability. From the current first quarter of the consolidated fiscal year, the method has been changed to the moving average method, with balance sheet amounts written down based on declines in profitability.」
The accounting policy for valuing merchandise and products was changed from the specific identification method to the moving average method following the introduction of a new sales management system. The impact was immaterial, and no retrospective adjustment was made.