Change in Inventory Valuation Method for Raw Materials in the Coke Segment
First written in FY2019-Q1. 3 of 4 entries say "Restated". Latest entry: FY2019.
26 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The Company previously used the moving-average method for raw materials in its Coke segment, but changed to the weighted-average method from the current consolidated fiscal year. This change resulted from a change to the core system to appropriately reflect fluctuations in raw material market prices in inventory valuation and profit and loss calculations in the Coke segment.」
The annual disclosure also confirms the policy of changing the valuation method for raw materials in the Coke segment from the moving-average method to the weighted-average method. The impact of the change was immaterial, and it was not applied retrospectively. - FY2019-Q3RestatedAnnual report
「The Company previously used the moving-average method for raw materials in its Coke segment, but changed to the weighted-average method from the first quarter. This change resulted from a change to the core system to appropriately reflect fluctuations in raw material market prices in inventory valuation and profit and loss calculations in the Coke segment.」
The Company has reiterated its policy of changing the valuation method for raw materials in the Coke segment from the moving-average method to the weighted-average method. The impact of the change was immaterial, and it was not applied retrospectively. - FY2019-Q2RestatedAnnual report
「The Company previously used the moving-average method for raw materials in its Coke segment, but changed to the weighted-average method from the first quarter. This change resulted from a change to the core system to appropriately reflect fluctuations in raw material market prices in inventory valuation and profit and loss calculations in the Coke segment.」
The Company has reiterated its policy of changing the valuation method for raw materials in the Coke segment from the moving-average method to the weighted-average method. The impact of the change was immaterial, and it was not applied retrospectively. - FY2019-Q1First statedAnnual report
「The Company previously used the moving-average method for raw materials in its Coke segment, but changed to the weighted-average method from the first quarter of the current fiscal year. This change resulted from a change to the core system to appropriately reflect fluctuations in raw material market prices in inventory valuation and profit and loss calculations in the Coke segment.」
The Company changed the raw material valuation method in the Coke segment from the moving-average method to the weighted-average method. The change was intended to appropriately reflect the effects of market fluctuations through a change to the core system; the impact was immaterial and the change was not applied retrospectively.