Smoothing the Impact of Resource Price Fluctuations Through a Change to the Moving-Average Method
First written in FY2018-Q1. 2 of 3 entries say "Restated". Latest entry: FY2018-Q3.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2018-Q3RestatedAnnual report
「The company previously used the first-in, first-out method for its principal inventories, but changed to the moving-average method from the first quarter of the consolidated fiscal year. The purpose of this change is to properly value inventories and calculate profit or loss by smoothing the impact of fluctuations in purchase prices associated with resource price fluctuations. The impact of this change is immaterial.」
The company changed to the moving-average method from the first quarter and continues its accounting policy of smoothing the impact of purchase price fluctuations associated with resource prices. - FY2018-Q2RestatedAnnual report
「The company previously used the first-in, first-out method for its principal inventories, but changed to the moving-average method from the first quarter of the consolidated fiscal year. The purpose of this change is to properly value inventories and calculate profit or loss by smoothing the impact of fluctuations in purchase prices associated with resource price fluctuations. The impact of this change is immaterial.」
The company changed to the moving-average method from the first quarter and continues its accounting policy of smoothing the impact of purchase price fluctuations associated with resource price fluctuations. - FY2018-Q1First statedAnnual report
「The company previously used the first-in, first-out method for its principal inventories, but changed to the moving-average method from the first quarter of the current consolidated fiscal year. The purpose of this change is to properly value inventories and calculate profit or loss by smoothing the impact of fluctuations in purchase prices associated with resource price fluctuations. The impact of this change is immaterial.」
The company changed the valuation method for its principal inventories from the first-in, first-out method to the moving-average method, explicitly stating that the purpose was to smooth the impact of purchase price fluctuations associated with resource prices.