Risk of write-downs due to prolonged holding periods and reduced salability of semiconductor products
First written in FY2021. 3 of 9 entries say "Restated". Latest entry: FY2026.
Tokyo Electron Device Limited moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Of the merchandise and finished goods recorded on the consolidated balance sheet, the amount of products in our Semiconductor and Electronic Devices Business 43,438 36,951」
The amount of products in the Semiconductor and Electronic Devices Business subject to valuation decreased from ¥43,438 million to ¥36,951 million, and the inventory valuation loss for the current fiscal year was reversed by ¥115 million. - FY2025WorsenedAnnual report
「Of the merchandise and finished goods recorded on the consolidated balance sheet, the amount of products in our Semiconductor and Electronic Devices Business 43,302 43,438」
The amount of products in the Semiconductor and Electronic Devices Business subject to valuation increased from ¥43,302 million in the previous fiscal year to ¥43,438 million. The inventory valuation loss was ¥237 million, indicating that the risk of write-downs due to declining salability continued. - FY2024WorsenedAnnual report
「Of the merchandise and finished goods recorded on the consolidated balance sheet, the amount of products in our Semiconductor and Electronic Devices Business 33,133 43,302」
The amount of products in the Semiconductor and Electronic Devices Business subject to valuation increased from ¥33,133 million in the previous fiscal year to ¥43,302 million, increasing exposure to the risk of write-downs due to declining salability. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
It was stated that there was no material change in the risk of write-downs due to prolonged inventory holding periods and declining salability of semiconductor products. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There was no material change in the risk of write-downs due to prolonged inventory holding periods and declining salability of semiconductor products. - FY2023MaterialisedAnnual report
「Of the merchandise and finished goods recorded on the consolidated balance sheet, the amount of products in our Semiconductor and Electronic Devices Business 20,327 33,133」
Products in the Semiconductor and Electronic Devices Business subject to valuation increased from ¥20,327 million to ¥33,133 million, while the inventory valuation loss also increased from ¥121 million in the previous fiscal year to ¥315 million. Write-downs in preparation for prolonged inventory holding periods and declining salability were recognized for the full fiscal year. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no occurrences of major risks that management recognizes as potentially having a material impact on the consolidated companies' financial condition, operating results, or cash flows, among matters related to the business and financial conditions described in the quarterly report, nor were there any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
There was no material change in the risk of write-downs due to prolonged inventory holding periods and declining salability of semiconductor products. - FY2022MaterialisedAnnual report
「Amount of products in our Semiconductor and Electronic Devices Business 20,327」
The amount of products subject to valuation increased from ¥18,009 million in the previous fiscal year to ¥20,327 million, and an inventory valuation loss of ¥121 million was included in cost of sales in the current fiscal year. Write-downs for prolonged inventory holding periods and declining salability became evident in the results. - FY2021First statedAnnual report
「For products that had remained in inventory for more than 1 year and for which no purchase indication had been obtained, other than those individually written down as described above, products eligible for return to suppliers were written down based on the historical average disposal rate, while other products were written down through equal amortization over the standard 5-year life cycle.」
We disclosed a policy of writing down ¥18,009 million of products in the Semiconductor and Electronic Devices Business that had remained in inventory for more than 1 year and for which no purchase indication had been obtained, based on the possibility of returns, salability, the historical disposal rate and the standard 5-year life cycle.