Change to Inventory Valuation Method Based on Product-Category Life Cycles
First written in FY2020-Q1. 2 of 3 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020-Q3.
0 other companies' latest entry also says "Advanced".
- FY2020-Q3AdvancedAnnual report
「As a result, compared with the previous method, cost of sales for the current third quarter cumulative period decreased by ¥31.224 million, while operating profit, ordinary profit and profit before income taxes increased by the same amount.」
The impact for the current third quarter cumulative period of the inventory valuation method based on the lifecycle of each product category was disclosed as ¥31.224 million. - FY2020-Q2AdvancedAnnual report
「As a result, compared with the previous method, cost of sales for the current second quarter cumulative period decreased by ¥24.629 million, while operating profit, ordinary profit and profit before income taxes increased by the same amount.」
The impact for the current second quarter cumulative period of applying an inventory valuation method based on the lifecycle of each product category was disclosed as ¥24.629 million. - FY2020-Q1First statedAnnual report
「Beginning with the current first quarter of the fiscal year, the Company changed the method to progressively write down the carrying value according to the lifecycle period established for each product category, in order to better reflect changes in the composition, attributes and lifecycle of each category while implementing more detailed sales and purchasing measures by category.」
The inventory valuation method was changed from a uniform write-down based on the time elapsed since acquisition to a progressive write-down based on the lifecycle period of each product category. As a result, cost of sales decreased by ¥14.264 million, while operating profit, ordinary profit and profit before income taxes increased by the same amount.