Change the valuation method for finished goods and work in process to the moving-average method
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
24 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「The Company previously used the cost method based on the periodic-average method (with write-downs to book value due to declining profitability) to value products and work in process, but from the first quarter accounting period it has changed to the cost method based on the moving-average method (with write-downs to book value due to declining profitability).」
The accounting policy change in the valuation method for products and work in process from the periodic-average method to the moving-average method continues to be disclosed. - FY2019-Q2RestatedAnnual report
「The Company previously used the cost method based on the periodic-average method (with write-downs to book value due to declining profitability) to value products and work in process, but from the first quarter accounting period it has changed to the cost method based on the moving-average method (with write-downs to book value due to declining profitability).」
The accounting policy change in the valuation method for products and work in process from the periodic-average method to the moving-average method continues to be disclosed in the second-quarter notes. - FY2019-Q1First statedAnnual report
「The Company previously used the cost method based on the periodic-average method (with write-downs to book value due to declining profitability) to value products and work in process, but from the current first quarter accounting period it has changed to the cost method based on the moving-average method (with write-downs to book value due to declining profitability).」
This is the first disclosure that the valuation method for products and work in process was changed from the periodic-average method to the moving-average method, with the aim of valuing inventories and calculating profit or loss for each period more appropriately and promptly.