Prolonged Inventory Holding and Write-Downs
First written in FY2016. 18 of 30 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
Hiraki moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2018: 3 of 9 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Inventory balance increased, while the inventory write-down was reversedAnnual report
「This was due mainly to the recognition of a ¥337 million loss before income taxes and other adjustments, a ¥114 million increase in inventories, and ¥278 million in depreciation.」
Inventories increased by ¥114 million as a factor in cash flow from operating activities, and the merchandise balance on the consolidated balance sheet also increased. Meanwhile, the write-down of inventories to their book value was reversed by ¥5.485 million, and the company did not state that the incidence of long-outstanding inventory or valuation losses had increased. - 2026-05-15WorsenedRevisions to earnings forecasts
「棚卸資産の増加額１億14百万円」
営業キャッシュ・フローの説明で棚卸資産の増加が示され、商品残高も前期末から増加した。 - FY2026-H1MitigatedAnnual report
「Merchandise 2,834,965 2,803,303」
The inventory balance decreased by ¥31.662 million, from ¥2,834.965 million at the end of the previous consolidated fiscal year to ¥2,803.303 million. The inventory balance has contracted slightly. - FY2025WorsenedAnnual report
「The carrying amount reductions due to declining profitability of inventories held for ordinary sales purposes are as follows.」
While the inventory balance decreased by approximately ¥15 million from the end of the previous fiscal year, the write-down of inventories to their book value increased from ¥29.558 million in the previous fiscal year to ¥50.240 million, expanding the risk of inventory valuation losses. - FY2024MitigatedAnnual report
「This was due mainly to a ¥941 million decrease in merchandise and a ¥143 million decrease in other current assets, together with a ¥1,061 million increase in cash and deposits.」
The inventory balance decreased by ¥941 million from the end of the previous fiscal year, and inventory reduction progressed. Meanwhile, the write-down of inventories to their book value was ¥29.558 million, up from ¥27.897 million in the previous fiscal year. - FY2024-Q3MitigatedAnnual report
「This was mainly due to an increase of ¥1,752 million in cash and deposits and decreases of ¥777 million in merchandise and ¥374 million in accounts receivable.」
The inventory balance decreased by ¥777 million from the end of the previous consolidated fiscal year, reducing inventories. Operating activities generated ¥1,541 million in cash. - FY2024-Q2MitigatedAnnual report
「This was mainly due to an increase of ¥1,992 million in cash and deposits and decreases of ¥486 million in merchandise and ¥267 million in accounts receivable.」
The merchandise inventory balance decreased by ¥486 million from the end of the previous consolidated fiscal year, and the inventory balance contracted. Operating cash flow represented an inflow of ¥1,164 million. - FY2024-Q1MitigatedAnnual report
「This was mainly due to an increase of ¥2,497 million in cash and deposits and decreases of ¥652 million in merchandise and ¥219 million in accounts receivable.」
The merchandise inventory balance decreased by ¥652 million from the end of the previous consolidated fiscal year, and the inventory balance, which had increased in the previous fiscal year, contracted in the first quarter. - FY2023MaterialisedAnnual report
「Meanwhile, merchandise increased by ¥923 million from the end of the previous consolidated fiscal year.」
The merchandise inventory balance increased by ¥923 million, while operating cash flow represented a use of ¥899 million. The inventory write-down also increased from ¥20,015 thousand in the previous period to ¥27,897 thousand, indicating that inventory risk had materialized in the results. - FY2023-Q3Merchandise and goods in transit increased in the third quarterAnnual report
「This was mainly due to increases of ¥670 million in merchandise and ¥166 million in goods in transit, and decreases of ¥400 million in cash and deposits and ¥226 million in accounts receivable.」
Merchandise increased by ¥670 million and goods in transit by ¥166 million from the end of the previous consolidated fiscal year. This disclosure does not itself indicate any prolonged holding or write-downs. - FY2023-Q2Merchandise inventory balance increased during the interim periodAnnual report
「Current assets increased by ¥963 million from the end of the previous consolidated fiscal year to ¥11,971 million. This was mainly due to increases of ¥626 million in merchandise and ¥380 million in cash and deposits, and a decrease of ¥134 million in accounts receivable.」
The merchandise inventory balance increased by ¥626 million from the end of the previous consolidated fiscal year. This disclosure does not itself indicate any prolonged holding or write-downs. - FY2023-Q1MitigatedAnnual report
「This was mainly due to an increase of ¥1,682 million in cash and deposits and decreases of ¥254 million in merchandise and ¥120 million in accounts receivable.」
The merchandise inventory balance decreased by ¥254 million from the end of the previous consolidated fiscal year, and the inventory balance continued to contract. - FY2022Inventory decreased, while inventory write-downs increasedAnnual report
「The carrying amount reductions due to declining profitability of inventories held for ordinary sales purposes are as follows.」
While the merchandise inventory balance decreased by ¥272 million from the end of the previous period, the inventory write-down increased from ¥9,387 thousand in the previous period to ¥20,015 thousand. - FY2022-Q3MitigatedAnnual report
「This was mainly due to increases of ¥908 million in cash and deposits and ¥100 million in securities, and decreases of ¥440 million in notes and accounts receivable and ¥391 million in merchandise.」
Merchandise decreased by ¥391 million from the end of the previous consolidated fiscal year, indicating further contraction in the inventory balance. - FY2022-Q2MitigatedAnnual report
「This was mainly due to a decrease of ¥110 million in merchandise.」
The merchandise inventory balance decreased by ¥110 million from the end of the previous consolidated fiscal year, and the inventory balance continued to contract. - FY2022-Q1MitigatedAnnual report
「This was mainly due to an increase of ¥2,146 million in cash and deposits and decreases of ¥582 million in merchandise and ¥213 million in notes and accounts receivable.」
The merchandise inventory balance decreased by ¥582 million from the end of the previous consolidated fiscal year, and the inventory balance continued to contract. - FY2021Inventory balance decreased, while inventory write-downs increasedAnnual report
「This was mainly due to an increase of ¥712 million in cash and deposits and a decrease of ¥99 million in merchandise.」
While the merchandise inventory balance decreased by ¥99 million, the write-down of inventories held for ordinary sales purposes increased from ¥1,063 thousand in the previous period to ¥9,387 thousand. - FY2021-Q3MitigatedAnnual report
「This was mainly due to an increase of ¥1,494 million in cash and deposits and decreases of ¥457 million in notes and accounts receivable and ¥330 million in merchandise.」
The merchandise inventory balance decreased by ¥330 million from the end of the previous consolidated fiscal year, and the inventory balance contracted. - FY2021-Q2MitigatedAnnual report
「This was mainly due to an increase of ¥1,567 million in cash and deposits and decreases of ¥262 million in notes and accounts receivable and ¥118 million in merchandise.」
The merchandise inventory balance decreased by ¥118 million from the end of the previous consolidated fiscal year, and the inventory balance continued to contract. - FY2021-Q1MitigatedAnnual report
「This was mainly due to an increase of ¥2,366 million in cash and deposits and a decrease of ¥581 million in merchandise.」
The merchandise inventory balance decreased by ¥581 million from the end of the previous consolidated fiscal year, indicating progress in addressing the risk of prolonged inventory holding and write-downs. - FY2020MitigatedAnnual report
「This was mainly due to decreases of ¥100 million in securities and ¥53 million in merchandise, and an increase of ¥135 million in cash and deposits.」
The merchandise inventory balance decreased by ¥53 million from the end of the previous consolidated fiscal year. The inventory write-down also decreased from ¥6,504 thousand in the previous period to ¥1,063 thousand. - FY2020-Q3MitigatedAnnual report
「Merchandise 3,292,763 3,238,777」
The merchandise inventory balance decreased from ¥3,292,763 thousand at 31 March 2019 to ¥3,238,777 thousand at 31 December 2019, and the inventory balance contracted again. - FY2020-Q2Higher Inventory BalanceAnnual report
「Merchandise 3,292,763 3,355,503」
The merchandise inventory balance increased from ¥3,292,763 thousand at 31 March 2019 to ¥3,355,503 thousand at 30 September 2019. No prolonged holding or write-downs were reported. - FY2020-Q1MitigatedAnnual report
「This was mainly due to an increase of ¥2,379 million in cash and deposits and decreases of ¥358 million in merchandise and ¥248 million in notes and accounts receivable.」
Merchandise decreased by ¥358 million from the end of the previous consolidated fiscal year, indicating progress in reducing merchandise inventory. - FY2019Higher Inventory BalanceAnnual report
「This was mainly due to a decrease of ¥548 million in cash and deposits and increases of ¥177 million in merchandise and ¥100 million in securities.」
The merchandise inventory balance increased by ¥177 million from the end of the previous consolidated fiscal year. No prolonged holding or write-downs were reported. - FY2019-Q3MitigatedAnnual report
「This was mainly due to decreases of ¥372 million in notes and accounts receivable and ¥113 million in merchandise.」
The merchandise inventory balance decreased by ¥113 million from the end of the previous consolidated fiscal year, and merchandise inventory reductions continued. - FY2019-Q1MitigatedAnnual report
「This was mainly due to decreases of ¥425 million in merchandise and ¥223 million in notes and accounts receivable.」
The merchandise inventory balance decreased by ¥425 million from the end of the previous consolidated fiscal year, indicating progress in addressing the risk of prolonged inventory holding and write-downs. - FY2018MitigatedAnnual report
「On the financial front, we worked to reduce long-term borrowings and merchandise inventory across all segments.」
Merchandise inventory was reduced across all segments, and the consolidated merchandise inventory balance decreased by ¥557 million year on year, indicating progress in addressing the risk of prolonged inventory holding and write-downs. - FY2017RestatedAnnual report
「While seeking to improve the accuracy of sales forecasts and maintain merchandise inventory at an appropriate level by leveraging our Group's diverse sales network, sales are affected by weather and changes in trends. If sales fall below expectations and cannot be absorbed by our Group's sales capabilities, inventory may not be maintained at an appropriate level.」
The risk of prolonged holding and write-downs of merchandise inventory, based on sales forecasts, multiple sales channels and inventory write-downs, is reaffirmed. - FY2016First statedAnnual report
「If sales fall below expectations and cannot be absorbed by our Group's sales capabilities, inventory may not be maintained at an appropriate level. In such cases, we record inventory write-downs in accordance with our internal regulations. However, if orders decline sharply and more rapidly than expected, merchandise inventory may remain on hand for an extended period and become subject to write-downs, potentially affecting performance.」
The risk of prolonged inventory holding is explained on the basis of demand forecasting, the sales network and inventory write-downs.