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Shinwa (3447) · RiskInventory up, but write-downs down

Risk of Slow-Moving Inventory and Declining Net Realizable Value

First written in FY2022. 3 of 10 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2026.

10entries
5years
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022WorsenedFY2023-Q3 – FY2024-Q1OtherFY2024-Q3 – FY2024MitigatedFY2025-H1OtherFY2025 – FY20262022: 120222023: 420232024: 320242025: 120252026: 12026
Same theme, other companies
Decline in the Net Realizable Value of InventoriesA theme 227 companies write about · 230 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2018: 10 of 36 companies on the "Worse" side.

25 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 198 companies compared. The sentences above are computed from all 198.Comparing 200 of the theme's 231 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026Inventory up, but write-downs downAnnual report

    「The amounts of inventory write-downs recognized as expenses in the previous consolidated fiscal year and the current consolidated fiscal year were ¥121.131 million and ¥69.535 million, respectively.」

    Although the inventory balance increased from ¥2,439.383 million in the previous fiscal year to ¥3,124.741 million, write-downs decreased from ¥121.131 million to ¥69.535 million, resulting in mixed movements in inventory valuation risk.
  2. FY2025Inventory down, but write-downs upAnnual report

    「Inventories amounted to ¥2,439.383 million, a decrease of ¥743 million from the end of the previous consolidated fiscal year.」

    Although the inventory balance decreased from ¥3,182.833 million to ¥2,439.383 million, inventory write-downs increased from ¥90.497 million to ¥121.131 million, resulting in mixed movements in inventory valuation risk.
  3. FY2025-H1MitigatedAnnual report

    「This was mainly because trade and other receivables increased by ¥1,404 million, while inventories decreased by ¥462 million.」

    Inventories decreased by ¥462 million from ¥3,182.833 million at the previous fiscal year-end to ¥2,720.234 million, reducing exposure to the risks of inventory becoming slow-moving and of a decline in net realizable value.
  4. FY2024Inventory down, but write-downs upAnnual report

    「The amounts of inventory write-downs recognized as expenses in the previous consolidated fiscal year and the current consolidated fiscal year were ¥51.396 million and ¥90.497 million, respectively.」

    Although the inventory balance decreased from ¥3,406.646 million in the previous fiscal year to ¥3,182.833 million, write-downs increased from ¥51.396 million to ¥90.497 million, resulting in mixed movements in inventory valuation risk.
  5. FY2024-Q3Up from the previous quarter, but down from the fiscal year-endAnnual report

    「This was mainly because trade and other receivables increased by ¥267 million, while cash and cash equivalents decreased by ¥409 million and inventories decreased by ¥303 million.」

    Inventories decreased by ¥303 million from ¥3,406.646 million at the fiscal year-end to ¥3,103.298 million, but increased from ¥2,368.656 million at the end of the previous quarter, resulting in mixed movements in exposure to the risks of inventory becoming slow-moving and of a decline in net realizable value.
  6. FY2024-Q2MitigatedAnnual report

    「This was mainly because trade and other receivables increased by ¥763 million and cash and cash equivalents increased by ¥346 million, while inventories decreased by ¥1,037 million.」

    Inventories decreased by ¥1,037 million from ¥3,406.646 million to ¥2,368.656 million, reducing exposure from the previous quarter to the risks of inventory becoming slow-moving and of a decline in net realizable value.
  7. FY2024-Q1WorsenedAnnual report

    「This was mainly because inventories increased by ¥231 million and trade and other receivables increased by ¥103 million, while cash and cash equivalents decreased by ¥265 million.」

    Inventories increased by ¥231 million from the end of the previous consolidated fiscal year to ¥3,637.818 million. Exposure to the risk of inventory becoming slow-moving and of a decline in net realizable value if market conditions deteriorate increased.
  8. FY2023WorsenedAnnual report

    「If market conditions deteriorate more than expected and net realizable value falls significantly, a loss may arise.」

    Inventories increased from ¥2,467.765 million in the previous fiscal year to ¥3,406.646 million, increasing the risk of a decline in net realizable value due to deterioration in future demand or market conditions. Write-downs also increased from ¥39.666 million in the previous fiscal year to ¥51.396 million.
  9. FY2023-Q3WorsenedAnnual report

    「This was mainly because inventories increased by ¥988 million, while cash and cash equivalents decreased by ¥1,522 million.」

    Inventories increased by ¥988 million from the end of the previous consolidated fiscal year to ¥3,456 million. Although delays and cancellations of construction starts were also disclosed for the construction market, there was no disclosure that a decline in net realizable value or an inventory write-down had occurred during the quarter.
  10. FY2022First statedAnnual report

    「If market conditions deteriorate more than expected and net realizable value falls significantly, a loss may arise.」

    The potential decline in the net realizable value of inventories totaling ¥2,467.765 million due to deterioration in future demand or market trends, and the resulting potential inventory write-down, have newly been identified as material accounting estimates.
Moved together

"Management Based on Revenue, Operating Profit and EBITDA" moved the same way as this thread, in the same document, in 4 of its 10 moves.

443332★123456
  1. ★This thread
  2. 1Management Based on Revenue, Operating Profit and EBITDA4×
  3. 2Achieving a high operating profit margin by selling at higher prices than competitors, producing at lower cost, and selling more4×
  4. 3Expansion of Next-Generation Scaffolding Sales3×
  5. 4Market Penetration and Market Share Expansion for Next-Generation Scaffolding3×
  6. 5Increase in Revenue and Decline in Operating Profit3×
  7. 6Liquidity Risk Due to Deteriorating Financing Conditions2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Shinwa's next results are scheduled for 2026-11-11. Read the earnings preview
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Risk of Slow-Moving Inventory and Declining Net Realizable Value | Shinwa Co.,Ltd. (3447) | Komori