Risk of Inventory Disposals and Write-Downs Due to Demand Fluctuations
First written in FY2016. 12 of 25 entries say "Worsened", first in FY2021. Latest entry: 2026-11-10.
Shinden Hightex moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 16 of 48 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「This was due to a ¥2,686 million (116.8%) increase in merchandise inventories.」
The merchandise inventory balance increased 116.8% from the end of the previous fiscal year to ¥4,985 million, while inventory valuation losses also increased from ¥117 million to ¥192 million. Exposure to inventories and valuation losses during periods of demand fluctuations is expanding. - 2026-05-13WorsenedResults
「商品が26億86百万円（116.8％）、前渡金が12億７百万円（1,382.5％）、売掛金が10億円（13.6％）増加しました。」
商品、前渡金および売掛金が増加し、運転資金および在庫関連のエクスポージャーが拡大した。 - FY2026-H1WorsenedAnnual report
「This was due to a ¥1,281 million (55.7%) increase in merchandise inventories.」
The merchandise inventory balance increased by 55.7% from the end of the previous fiscal year, expanding inventory exposure amid supply constraints for memory products and other items. - FY2025Decline in inventory balances alongside an increase in inventory valuation lossesAnnual report
「This was due to a ¥2,683 million (53.9%) decrease in merchandise inventories.」
The merchandise inventory balance decreased 53.9% from ¥4,982 million to ¥2,299 million, reducing inventory exposure. Meanwhile, inventory valuation losses increased from ¥49 million to ¥117 million. - FY2025-H1MitigatedAnnual report
「This was due to a ¥697 million (14.0%) decrease in merchandise inventories.」
The merchandise inventory balance decreased by 14.0% from the end of the previous fiscal year, partially reducing inventory exposure during periods of demand fluctuations. Trade receivables, however, increased. - FY2024Decline in inventory balances alongside an increase in valuation lossesAnnual report
「Inventory valuation losses ¥40.188 million ¥49.094 million」
The merchandise inventory balance declined from ¥5,255 million to ¥4,982 million, while inventory valuation losses increased from ¥40.19 million to ¥49.09 million. - FY2024-Q2WorsenedAnnual report
「The primary factors were a ¥540 million decrease in cash and deposits (12.9%), despite increases of ¥1,978 million (37.6%) in merchandise inventories and ¥918 million (14.3%) in notes and accounts receivable and contract assets.」
The merchandise inventory balance increased by 37.6% from the end of the previous fiscal year, expanding exposure to inventory valuation losses during the demand adjustment phase. The filing does not disclose the amount of any new valuation loss itself. - FY2024-Q1WorsenedAnnual report
「The main factors were increases of ¥1,848 million (28.8%) in notes and accounts receivable and contract assets, ¥903 million (21.6%) in cash and deposits, and ¥807 million (15.4%) in merchandise.」
The merchandise inventory balance increased by 15.4% from the end of the previous consolidated fiscal year, expanding exposure to inventories and valuation losses during the demand adjustment phase. - FY2023MitigatedAnnual report
「Inventory valuation losses for the fiscal year under review were ¥40.188 million.」
Inventory valuation losses declined from ¥107.199 million in the previous fiscal year to ¥40.188 million, while the merchandise inventory balance also decreased from ¥5,384 million to ¥5,255 million. Inventory valuation risk remains recognized, but the valuation loss for the current fiscal year decreased. - FY2023-Q2WorsenedAnnual report
「Cash and deposits decreased by ¥1,031 million (16.3%), while notes and accounts receivable and contract assets increased by ¥3,048 million (36.7%) and merchandise inventories increased by ¥742 million (13.8%).」
As supply difficulties and fluctuations in supply and demand continued, the merchandise inventory balance increased by 13.8% from the end of the previous consolidated fiscal year, expanding exposure to inventory valuation loss risk. The filing does not report any valuation loss itself. - FY2023-Q1WorsenedAnnual report
「The main factors were a ¥722 million (11.4%) decrease in cash and deposits, offset by increases of ¥1,219 million (22.7%) in merchandise and ¥696 million (8.4%) in notes and accounts receivable and contract assets.」
The merchandise inventory balance increased by 22.7% from the end of the previous consolidated fiscal year amid efforts to address supply shortages, expanding exposure to inventories and valuation losses during demand fluctuations. - FY2022Decline in inventory valuation losses alongside an increase in inventory balancesAnnual report
「Inventory valuation losses for the fiscal year under review were ¥107.199 million. The primary factors were a ¥640 million decrease in notes and accounts receivable (7.2%), despite an increase of ¥1,123 million (26.4%) in merchandise inventories.」
Inventory valuation losses declined from ¥139.048 million in the previous fiscal year to ¥107.199 million, while the merchandise inventory balance increased by 26.4%, expanding inventory exposure. - FY2022-Q3WorsenedAnnual report
「The main factors were decreases of ¥739 million (11.8%) in cash and deposits and ¥774 million (8.7%) in notes and accounts receivable and contract assets, offset by a ¥2,603 million (61.1%) increase in merchandise.」
As the response to supply shortages continued, the merchandise balance increased 61.1% from the end of the previous consolidated fiscal year, increasing exposure to inventory and write-downs if demand fluctuates. - FY2022-Q2WorsenedAnnual report
「The main factors were a ¥1,079 million (12.1%) decrease in notes and accounts receivable and contract assets, offset by a ¥1,467 million (34.4%) increase in merchandise.」
As the response to supply shortages continued, the merchandise balance increased 34.4% from the end of the previous consolidated fiscal year. Exposure to demand fluctuations and inventory valuation increased, but no inventory write-down was reported in this quarterly report. - FY2022-Q1Increase in merchandise inventory amid supply shortagesAnnual report
「The main factor was a ¥511 million (12.0%) increase in merchandise, offset by decreases of ¥910 million (14.6%) in cash and deposits and ¥1,053 million (11.8%) in notes and accounts receivable and contract assets.」
As the response to supply shortages continued, the merchandise balance increased 12.0% from the end of the previous fiscal year. No inventory write-down was reported in this filing. - FY2021WorsenedAnnual report
「Inventory write-down: ¥55.253 million ¥139.048 million」
The inventory write-down increased from ¥55 million in the previous fiscal year to ¥139 million. The impact of demand fluctuations and the COVID-19 pandemic on merchandise valuation has been quantified. - FY2021-Q3MitigatedAnnual report
「Merchandise 4,150,636 4,094,041」
The merchandise balance declined from the end of the previous consolidated fiscal year, indicating an improvement from the previous trend of increasing merchandise inventory amid declining demand. - FY2021-Q2Increase in merchandise inventory amid falling demandAnnual report
「The main factors were a ¥224 million (3.8%) decrease in cash and deposits, offset by increases of ¥2,636 million (36.1%) in notes and accounts receivable, ¥665 million (16.0%) in merchandise and ¥96 million (57.0%) in guarantee deposits.」
While declining demand for automotive and office automation applications and difficulties in certain markets were reported, trade receivables increased 36.1% and merchandise increased 16.0%. No inventory write-down was reported in this filing. - FY2021-Q1Increase in merchandise inventory amid declining demandAnnual report
「The main factors were a ¥444 million (6.1%) decrease in notes and accounts receivable and a ¥170 million (38.0%) decrease in other current assets, offset by increases of ¥1,472 million (35.5%) in merchandise and ¥126 million (2.2%) in cash and deposits.」
During the same period in which declines in memory products and liquid crystal modules for automotive and office equipment applications were reported, the merchandise balance increased 35.5% from the end of the previous fiscal year. - FY2020MitigatedAnnual report
「Inventory write-down: ¥55.253 million」
The inventory write-down decreased from ¥71.749 million in the previous fiscal year to ¥55.253 million. However, the possibility of inventory disposal due to demand fluctuations and COVID-19 continues to be disclosed. - FY2019MitigatedAnnual report
「Inventory write-down: ¥71.749 million」
The inventory write-down decreased from ¥112.084 million in the previous fiscal year to ¥71.749 million, but the risk of write-downs resulting from demand fluctuations also arose in the current fiscal year. - FY2017MaterialisedAnnual report
「The inventory write-down for the current consolidated fiscal year was ¥58.223 million.」
An inventory write-down resulting from demand fluctuations was also recognized in the current fiscal year. It decreased from ¥65.658 million in the previous fiscal year. - FY2016First statedAnnual report
「However, if fluctuations in the market or other factors cause changes in customers’ required quantities, the Group may need to dispose of inventory or reassess its asset values, which could affect its business performance.」
The inventory write-down for the current fiscal year was ¥65.658 million.