Change in inventory valuation method based on historical loss-making sales ratio
First written in FY2023. . Latest entry: FY2025.
6 other companies' latest entry also says "Other".
- FY2025Slight increase in inventory valuation lossesAnnual report
「... fiscal year ... ¥138.859 million」
Inventory valuation losses due to declining profitability increased from ¥136.907 million in the previous fiscal year to ¥138.859 million. - FY2024Increase in inventory valuation lossesAnnual report
「Ending inventories are stated at amounts after write-downs of carrying value due to declining profitability, and the following inventory valuation losses are included in cost of sales: ... fiscal year ... ¥136.907 million」
It continues to value inventories based on historical loss-making sales rates and other factors, with valuation losses increasing from ¥83.459 million in the previous fiscal year to ¥136.907 million. - FY2023First statedAnnual report
「The company had estimated declines in profitability based on the net realizable value of each property. However, based on the accumulation of performance data at its current scale, during the fiscal year it changed its method, excluding individually assessed properties, to uniformly write down carrying amounts using the historical rate of loss recognition, in order to more appropriately reflect declines in profitability in its financial position and operating results.」
The inventory valuation method was changed, resulting in a ¥4.069 million increase in cost of sales and corresponding decreases in operating profit, ordinary profit and profit before income taxes for the fiscal year.