Risk of Slow-Moving Inventory and Valuation Losses Due to Changes in Demand
First written in FY2016. 14 of 28 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-08-13.
Zoa moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 23 of 41 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- 2026-08-13WorsenedEarnings
「This was mainly attributable to decreases of ¥147.044 million in cash and deposits, ¥141.310 million in accounts receivable and ¥51.272 million in inventories, among other factors.」
Although inventories decreased, real estate for sale increased from ¥240.470 million at the end of the previous fiscal year to ¥337.351 million, indicating a change in the composition of inventory. - FY2026WorsenedAnnual report
「Balance-sheet carrying amount of merchandise: ¥1,483.053 million; inventory valuation loss recognized as cost of sales: ¥21.092 million」
The merchandise balance decreased, while the inventory valuation loss increased from ¥6.117 million in the previous fiscal year to ¥21.092 million. - 2026-06-04WorsenedGeneral Meetings of Shareholders
「If selling prices decline owing to deterioration in market conditions or other factors, losses exceeding the amount of the inventory valuation loss recorded during the fiscal year under review may arise.」
The company recorded an inventory valuation loss of ¥21.092 million and stated that additional losses could arise if market conditions deteriorate or for other reasons. - FY2026-H1Merchandise decreased while real estate held for sale increasedAnnual report
「The main factors were decreases of ¥252.308 million in cash and deposits, ¥91.436 million in accounts receivable and ¥165.084 million in merchandise, together with an increase of ¥259.013 million in real estate held for sale, among others.」
The merchandise balance decreased by ¥165.084 million from the end of the previous fiscal year, while real estate held for sale increased by ¥259.013 million. The reduction in merchandise inventory coexisted with an increase in real estate held for sale. - FY2025MitigatedAnnual report
「Balance-sheet carrying amount of merchandise ¥1,949.628 million ¥1,928.075 million Amount of inventory valuation loss recognized as cost of sales ¥15.077 million ¥6.117 million」
The merchandise balance decreased from the end of the previous fiscal year, while the inventory valuation loss also decreased from ¥15.077 million to ¥6.117 million. - FY2025-H1MitigatedAnnual report
「The main factors were decreases of ¥225.558 million in accounts receivable, ¥4.667 million in merchandise and ¥255.466 million in real estate held for sale, together with an increase of ¥63.631 million in cash and deposits, among others.」
The merchandise balance decreased by ¥4.667 million from the end of the previous fiscal year, while real estate held for sale also decreased by ¥255.466 million. The reduction in these balances indicates lower inventory risk associated with changes in demand. - FY2024WorsenedAnnual report
「If selling prices fall due to deteriorating market conditions or other factors, losses exceeding the inventory write-down recognized in the fiscal year may arise.」
The merchandise balance decreased from ¥1,996.135 million to ¥1,949.628 million, while the inventory write-down increased from ¥8.292 million to ¥15.077 million, indicating a quantitative increase in the risk of inventory write-downs. - FY2024-Q3WorsenedAnnual report
「Total assets at the end of the third quarter decreased by ¥12.802 million from the end of the previous fiscal year to ¥5,139.335 million. The main factors were an increase of ¥37.759 million in merchandise and decreases of ¥48.357 million in accounts receivable and ¥20.896 million in real estate for sale, among others.」
Merchandise increased by ¥37.759 million from the end of the previous fiscal year, reversing the decline in the merchandise balance through the previous quarter. - FY2024-Q2MitigatedAnnual report
「The main factors were decreases of ¥94.492 million in accounts receivable and ¥96.016 million in merchandise, and an increase of ¥12.469 million in cash and deposits, among others.」
The merchandise balance decreased by ¥96.016 million from the end of the previous fiscal year, reversing the inventory increase that had continued until then. - FY2024-Q1WorsenedAnnual report
「The main factors were increases of ¥140.147 million in merchandise and ¥127.294 million in real estate for sale, and decreases of ¥396.287 million in cash and deposits and ¥104.144 million in accounts receivable, among others.」
The merchandise balance increased by ¥140.147 million from the end of the previous fiscal year, and real estate for sale also increased by ¥127.294 million. Inventories and real estate for sale continued to increase. - FY2023WorsenedAnnual report
「The main factors were increases of ¥287.356 million in merchandise and ¥123.513 million in real estate for sale, and decreases of ¥514.927 million in cash and deposits and ¥189.093 million in accounts receivable, among others. … Inventory write-down recognized as cost of sales … ¥8.292 million」
The merchandise balance increased by ¥287.356 million from the end of the previous fiscal year, while the inventory write-down increased from ¥4.558 million to ¥8.292 million. - FY2023-Q3WorsenedAnnual report
「Total assets at the end of the third quarter increased by ¥17.295 million from the end of the previous fiscal year to ¥5,391.093 million. The main factors were increases of ¥400.774 million in merchandise and ¥83.678 million in land, and decreases of ¥268.817 million in cash and deposits and ¥213.274 million in accounts receivable, among others.」
The merchandise balance increased by ¥400.774 million from the end of the previous fiscal year, and inventories continued to increase. The figures indicate a deterioration in the risk of excess inventory and inventory write-downs due to changes in demand, but the company does not state that an inventory write-down was recognized in the quarter. - FY2023-Q2WorsenedAnnual report
「The main factors were decreases of ¥130.274 million in cash and deposits and ¥238.924 million in accounts receivable, and increases of ¥307.599 million in merchandise and ¥62.672 million in real estate for sale, among others.」
The merchandise balance increased by ¥307.599 million from the end of the previous fiscal year, and real estate for sale also increased by ¥62.672 million. Inventories related to the risk of excess inventory and inventory write-downs due to changes in demand continue to increase. - FY2023-Q1WorsenedAnnual report
「Total assets at the end of the first quarter decreased by ¥459.505 million from the end of the previous fiscal year to ¥4,914.292 million. The main factors were an increase of ¥170.914 million in merchandise and decreases of ¥396.424 million in cash and deposits and ¥275.638 million in accounts receivable, among others.」
The merchandise balance increased by ¥170.914 million from the end of the previous fiscal year, confirming a continuation of the inventory increase seen at the previous fiscal year-end into the first quarter. - FY2022Inventories increased while write-downs decreasedAnnual report
「Total assets at the end of the fiscal year increased by ¥258.384 million from the end of the previous fiscal year to ¥5,373.798 million. The main factors were increases of ¥176.910 million in accounts receivable and ¥343.430 million in merchandise, and a decrease of ¥454.939 million in cash and deposits, among others. … Inventory write-down recognized as cost of sales ¥4.558 million」
The merchandise balance increased by ¥343.430 million from the end of the previous fiscal year, while the inventory write-down decreased from ¥13.506 million to ¥4.558 million. The risk from inventory due to changes in demand remains, but the amount of the write-down decreased. - FY2022-Q3WorsenedAnnual report
「Total assets at the end of the third quarter decreased by ¥119.387 million from the end of the previous fiscal year to ¥4,996.026 million. The main factors were an increase of ¥388.500 million in merchandise and decreases of ¥611.281 million in cash and deposits and ¥44.220 million in accounts receivable, among others.」
The merchandise balance increased by ¥388.500 million from the end of the previous fiscal year, with the increase in inventories accelerating further from the previous quarter. The risk of excess inventory and inventory write-downs due to changes in demand has deteriorated in quantitative terms. - FY2022-Q2WorsenedAnnual report
「The main factors were decreases of ¥534.005 million in cash and deposits and ¥95.340 million in accounts receivable, and increases of ¥166.033 million in merchandise and ¥83.745 million in prepaid expenses, among others.」
The merchandise balance increased by ¥166.033 million from the end of the previous fiscal year, further increasing inventories after the ¥126.855 million increase in the previous quarter. The risk of excess inventory and inventory write-downs due to changes in demand has become more apparent in the figures, but the company does not state that an inventory write-down was recognized in the quarter. - FY2022-Q1WorsenedAnnual report
「The main factors were an increase of ¥126.855 million in merchandise and decreases of ¥459.079 million in cash and deposits and ¥78.785 million in accounts receivable, among others.」
The merchandise balance increased by ¥126.855 million from the end of the previous fiscal year, reversing the previously reported decline in inventories. - FY2021MaterialisedAnnual report
「Inventory write-down recognized as cost of sales ¥13.506 million」
In connection with the risk of inventory write-downs due to changes in demand and deteriorating market conditions, the company recognized an inventory write-down of ¥13.506 million in the fiscal year. - FY2021-Q3MitigatedAnnual report
「The main factors were increases of ¥20.914 million in accounts receivable and ¥321.128 million in cash and deposits, and a decrease of ¥133.699 million in merchandise, among others.」
The merchandise balance decreased by ¥133.699 million from the end of the previous fiscal year, indicating a reduction in inventories in response to the risk of excess inventory and inventory write-downs due to changes in demand. - FY2021-Q2MitigatedAnnual report
「Total assets at the end of the second quarter increased by ¥24.997 million from the end of the previous fiscal year to ¥4,661.128 million. The main factors were an increase of ¥223.784 million in cash and deposits and decreases of ¥96.891 million in accounts receivable and ¥77.388 million in merchandise, among others.」
The merchandise balance decreased by ¥77.388 million from the end of the previous fiscal year, and the reduction in inventories in response to the risk of excess inventory due to changes in demand has continued. - FY2021-Q1MitigatedAnnual report
「The main factors were an increase of ¥281.595 million in cash and deposits and decreases of ¥21.924 million in accounts receivable and ¥57.978 million in merchandise, among others.」
The merchandise balance at the end of the first quarter decreased by ¥57.978 million from the end of the previous fiscal year, indicating a reduction in inventories in response to the risk of excess inventory and inventory write-downs. - FY2020MitigatedAnnual report
「The main factors were decreases of ¥114.200 million in cash and deposits and ¥330.100 million in merchandise, among others.」
The merchandise balance decreased by ¥330.100 million from the end of the previous fiscal year, indicating a reduction in inventories in response to the risk of excess inventory due to changes in demand. - FY2020-Q3WorsenedAnnual report
「The main factors were increases of ¥13.093 million in accounts receivable and ¥36.922 million in merchandise, and a decrease of ¥411.424 million in cash and deposits, among others.」
The merchandise balance increased by ¥36.922 million from the end of the previous fiscal year, reversing the decline reported in the previous quarter. - FY2020-Q2MitigatedAnnual report
「Total assets at the end of the second quarter increased by ¥215.894 million from the end of the previous fiscal year to ¥4,638.458 million. The main factors were decreases of ¥176.192 million in cash and deposits and ¥157.827 million in merchandise, among others.」
Amid the disclosure of the risk of excess inventory due to changes in demand, the merchandise balance decreased by ¥157.827 million from the end of the previous fiscal year. - FY2018RestatedAnnual report
「However, if the company's product range fails to adequately respond to changes in customer needs, inventories may increase, potentially affecting the company's future financial position and operating results.」
The company continues to describe the potential for inventories to increase and affect financial position and operating performance if its product range cannot respond to changes in demand. - FY2017RestatedAnnual report
「However, if the company's product range fails to adequately respond to changes in customer needs, inventories may increase, potentially affecting the company's future financial position and operating results.」
The risk of excess inventory and the potential impact on financial position and operating performance if the product range cannot respond to changes in demand continue to be described. - FY2016First statedAnnual report
「However, if the company's product range fails to adequately respond to changes in customer needs, inventories may increase, potentially affecting the company's future financial position and operating results.」
The company identifies increased inventories as a risk if its product range cannot respond to changes in demand.