Change in method for writing down the carrying amount of inventories
First written in FY2018-Q3. 1 of 2 entries say "Restated". Latest entry: FY2019-Q1.
2 other companies' latest entry also says "Restated".
- FY2019-Q1RestatedAnnual report
「Previously, the company used, in principle, as the balance sheet value of inventories the amount obtained by regularly writing down their carrying value at a specified rate when a specified period had elapsed since acquisition. In view of inventory holdings and sales conditions, however, the company decided, from the first quarter, to change the specified rate used for writing down carrying values in order to reflect more appropriately in its financial position and operating results the decline in the profitability of inventories.」
The company reiterated the change in the method for writing down the carrying value of inventories and disclosed that cost of sales decreased by ¥37.290 million during the cumulative third-quarter period. - FY2018-Q3First statedAnnual report
「Previously, the company used, in principle, as the balance sheet value of inventories the amount obtained by regularly writing down their carrying value at a specified rate when a specified period had elapsed since acquisition. In view of inventory holdings and sales conditions, however, the company decided, from the first quarter of the current fiscal year, to change the specified rate used for writing down carrying values in order to reflect more appropriately in its financial position and operating results the decline in the profitability of inventories.」
From the first quarter of the current fiscal year, the company changed the specified rate used to write down the carrying value of inventories. Compared with the previous method, cost of sales decreased by ¥43.230 million, while gross profit, operating profit, ordinary profit and profit before income taxes for the quarter each increased by the same amount.