Pressure on Publishing Business Profits from Increased Inventory Valuation Losses
First written in FY2017-Q1. 5 of 19 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-09-11.
The whole theme swung hardest in 2018: 11 of 37 companies on the "Worse" side.
36 other companies' latest entry also says "Mitigated".
- 2026-09-11MitigatedFinancial Results Presentation
「在庫適正化に伴う引当金の減少や経費削減を進め、収益性の改善に取り組みました。」
在庫適正化に伴う引当金の減少が示され、棚卸評価による利益圧迫は弱まる方向となっている。 - FY2027-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters relating to the business and financial positions described in this interim report that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year. There are also no material events or conditions to report.」
The filing states that there has been no material change in the pressure on profit in the Publishing business from additional inventory valuation losses. - FY2025MitigatedAnnual report
「Write-down of the carrying amount of inventories held for ordinary sale due to declining profitability Cost of sales ¥61 million △¥55 million」
The inventory write-down due to declining profitability changed from a ¥61 million expense in the previous fiscal year to a ¥55 million reversal in the current fiscal year, easing the earnings pressure from inventory valuation. - FY2024WorsenedAnnual report
「Write-down of the carrying amount of inventories held for ordinary sale due to declining profitability Cost of sales ¥61 million」
The inventory write-down due to declining profitability changed from a ¥465 million credit in the previous fiscal year to a ¥61 million expense, resulting in renewed earnings pressure from inventory valuation. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The filing states that there has been no material change in the pressure on profit in the Publishing business from additional inventory valuation losses. - FY2023MitigatedAnnual report
「Cost of sales △¥465 million」
The write-down of carrying value due to lower inventory profitability was negative ¥465 million, compared with negative ¥409 million in the previous fiscal year, indicating a further reduction in pressure on profit from valuation losses. - FY2022MitigatedAnnual report
「Cost of sales △¥409 million」
The write-down of carrying value due to lower inventory profitability was negative ¥409 million, compared with negative ¥42 million in the previous fiscal year, indicating a further reduction in pressure on profit from valuation losses. - FY2021MitigatedAnnual report
「Cost of sales △¥42 million」
The write-down of carrying value due to lower inventory profitability was shown as negative ¥42 million for the consolidated fiscal year under review, compared with ¥47 million recognised in the previous consolidated fiscal year, indicating less pressure on profit from inventory valuation losses. - FY2021-Q1DroppedAnnual report
「During the first-quarter consolidated cumulative period under review, the increase in the number of children's books published resulted in revenue of ¥1,056 million, up 2.3% year on year, and operating profit of ¥68 million, up 3.2% year on year, broadly in line with the same period of the previous year.」
In the Publishing business during the quarter, additional inventory valuation losses and inventory provisions were not cited as factors behind lower profit. Revenue and operating profit increased owing to the higher number of children's books published. - FY2020MaterialisedAnnual report
「Write-down of carrying value due to lower profitability of inventories held for ordinary sales purposes Cost of sales ¥47 million」
A ¥47 million write-down of carrying value due to lower inventory profitability was recognised. This was up from ¥29 million in the previous consolidated fiscal year, indicating that inventory valuation losses also arose for the full fiscal year. - FY2020-Q1DroppedAnnual report
「During the first-quarter consolidated cumulative period under review, revenue fell 8.4% year on year to ¥1,033 million. However, efforts to reduce expenses resulted in operating profit of ¥66 million, up 54.8% year on year.」
Additional inventory provisions, provisions for returns adjustments and other items were not cited as factors behind the decline in profit in the quarter. Operating profit increased 54.8% owing to expense reductions. - FY2019-Q3WorsenedAnnual report
「During the third-quarter consolidated cumulative period under review, revenue was broadly in line with the previous year, increasing 0.3% year on year to ¥3,002 million. However, higher costs owing to additional inventory provisions, provisions for returns adjustments and other items resulted in an operating loss of ¥1 million, compared with operating profit of ¥115 million in the same period of the previous year.」
Higher costs owing to additional inventory provisions, provisions for returns adjustments and other items continued, causing operating profit in the Publishing business to deteriorate from ¥115 million in the same period of the previous year to an operating loss of ¥1 million. - FY2019-Q2WorsenedAnnual report
「A total of 116 new titles were published, compared with 120 in the previous year. During the second-quarter consolidated cumulative period under review, revenue increased 3.7% year on year to ¥2,158 million. However, higher costs owing to additional inventory provisions, provisions for returns adjustments and other items resulted in operating profit of ¥40 million, down 70.0% year on year.」
In addition to inventory provisions, provisions for returns adjustments and other items were increased. The impact of higher costs on operating profit materialised as a 70.0% year-on-year decline. Compared with the previous quarter's lower profit owing to inventory provisions and other factors, the factors affecting results broadened and the decline in profit widened. - FY2019-Q1MaterialisedAnnual report
「During the first-quarter consolidated cumulative period under review, the company published 71 new titles in total, compared with 83 in the previous year, including specialist titles such as Accelerator Handbook, Illustrated Guide to the Seahorse, Campbell Biology, 11th Edition, The “Real” Life of a Pathologist and A Cultural History of Books, as well as children's books such as Dr. Yoshi's Hone Hone Zaurus Dinosaur Museum 1, Ohanami Bear, Ikimono Tokkyu Carl and Penelope's New Term. Revenue increased 7.6% year on year to ¥1,127 million. However, higher costs owing to increased inventory provisions and other factors resulted in operating profit of ¥42 million, down 58.8% year on year.」
Higher costs owing to increased inventory provisions and other factors materialised as lower operating profit, which fell 58.8% year on year in the Publishing business. - FY2018WorsenedAnnual report
「Write-down of carrying value due to lower profitability of inventories held for ordinary sales purposes Cost of sales ¥223 million」
The write-down of carrying value due to lower inventory profitability was ¥223 million, up from ¥69 million in the previous consolidated fiscal year. Operating profit in the Publishing business also fell 74.8% year on year. - FY2017RestatedAnnual report
「In the consolidated fiscal year under review, revenue fell 2.3% year on year to ¥4,467 million owing to a decline in transactions involving video media products, delays in the publication schedule for major new titles and other factors. In addition, higher costs, including additional inventory valuation losses, resulted in operating profit of ¥160 million, down 50.8% year on year.」
Additional inventory valuation losses and other items continued to increase costs, and operating profit in the Publishing business fell 50.8% year on year. - FY2017-Q3MaterialisedAnnual report
「During the third-quarter consolidated cumulative period under review, revenue fell 3.7% year on year to ¥3,109 million owing to a decline in the number of new titles published and other factors. In addition, higher costs, including additional inventory valuation losses, resulted in operating profit of ¥14 million, down 93.2% year on year.」
Higher costs from additional inventory valuation losses and other items continued to arise, with the impact materialising as a 93.2% year-on-year decline in operating profit in the Publishing business. - FY2017-Q2MaterialisedAnnual report
「During the second-quarter consolidated cumulative period under review, revenue fell 3.0% year on year to ¥2,223 million owing to a decline in the number of new titles published and other factors. In addition, higher costs, including additional inventory valuation losses, resulted in operating profit of ¥74 million, down 65.1% year on year.」
Higher costs from additional inventory valuation losses and other items continued to arise, resulting in lower operating profit in the Publishing business. - FY2017-Q1MaterialisedAnnual report
「Higher costs, including additional inventory valuation losses, resulted in operating profit of ¥127 million, down 21.4% year on year.」
Higher costs from additional inventory valuation losses and other items have materialised as lower operating profit in the Publishing business.