Inventory Write-Downs Due to Slow-Moving Inventory
First written in FY2017. 9 of 18 entries say "Mitigated", first in FY2021-Q1. Latest entry: 2026-10-14.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「The cost ratio for the "Hobonichi Techo" planner improved to 28.5%, down 2.9 points year on year, while the cost ratio for products other than the "Hobonichi Techo" planner improved to 45.6%, down 6.5 points. Consequently, the overall cost-of-sales ratio was 32.2%, down 4.8 points year on year.」
States that cost ratios declined year on year for both planner and non-planner products, improving the overall cost-of-sales ratio to 32.2%. - FY2024MaterialisedAnnual report
「The cost-of-sales ratio was 43.3%, up 0.2 points from the previous fiscal year, reflecting changes in the product mix of the "Hobonichi Techo" planner and valuation losses on inventory of "Hobonichi Techo 2024."」
Inventory valuation losses on "Hobonichi Techo 2024" actually arose and contributed to the increase in the cost-of-sales ratio. - FY2022MitigatedAnnual report
「The cost-of-sales ratio was 44.4%, down 0.8 points from the previous fiscal year, remaining at approximately the same level as the prior year.」
The cost-of-sales ratio related to the risk of merchandise valuation losses fell by 0.8 points from the previous fiscal year, although it was also described as remaining at approximately the same level as the prior year. - FY2022-Q3MitigatedAnnual report
「Regarding cost of sales, the cost-of-sales ratio declined to 42.5%, down 2.7 percentage points year on year, owing to a reduction in product valuation losses resulting from measures including a review of inventory levels.」
The cost-of-sales ratio fell by 2.7 points year on year as merchandise valuation losses decreased, and the impact associated with slow-moving inventory declined. - FY2022-Q1MitigatedAnnual report
「Regarding cost of sales, the cost-of-sales ratio declined to 39.5%, down 4.7 percentage points year on year, owing to a reduction in product valuation losses resulting from measures including a review of inventory levels.」
States that merchandise valuation losses decreased following a review of inventory levels and other measures, reducing the impact of risks associated with slow-moving inventory. - FY2021MitigatedAnnual report
「Regarding cost of sales, the cost-of-sales ratio declined to 45.2%, down 4.1 percentage points from the previous fiscal year, owing to a reduction in product valuation losses resulting from measures including a review of inventory levels.」
States that merchandise valuation losses decreased following a review of inventory levels and other measures, reducing the impact of slow-moving inventory risk. - FY2021-Q2MitigatedAnnual report
「Regarding cost of sales, product valuation losses on planners and apparel declined because sales performed as expected, and the cost-of-sales ratio was 42.7%, down 5.5 percentage points year on year.」
States that merchandise valuation losses on planners and apparel products decreased and that the cost-of-sales ratio fell by 5.5 points year on year. - FY2021-Q1MitigatedAnnual report
「Regarding cost of sales, product valuation losses declined as a result of measures including a review of order quantities, and the cost-of-sales ratio was 44.3%, down 1.9 percentage points year on year.」
Although the occurrence of merchandise valuation losses itself is disclosed, the impact of losses disclosed through the previous quarter decreased following a review of order volumes and other measures. - FY2020WorsenedAnnual report
「The cost-of-sales ratio was 49.3%, up 2.6 points from the previous fiscal year, reflecting merchandise valuation losses on 2020 planners and apparel products.」
Merchandise valuation losses on 2020 planners and apparel products actually arose, and the cost-of-sales ratio increased by 2.6 points from the previous fiscal year. - FY2020-Q2WorsenedAnnual report
「Cost of sales was affected by merchandise valuation losses on 2019 planner covers and apparel products, resulting in a cost-of-sales ratio of 48.2%, up 6.3 points year on year.」
Merchandise valuation losses on remaining inventory of planner covers and apparel products continued to arise, and the cost-of-sales ratio increased by 6.3 points year on year. - FY2020-Q1MaterialisedAnnual report
「Cost of sales was affected by remaining inventory of 2019 planner covers and merchandise valuation losses on apparel products, resulting in a cost-of-sales ratio of 46.1%, up 6.1 points year on year.」
Valuation losses on remaining inventory of 2019 planner covers and apparel products actually arose and contributed to the increase in the cost-of-sales ratio. - FY2019RestatedAnnual report
「The Company limits inventory risk, particularly for new products, by using small-lot sales and made-to-order sales. However, if unforeseen circumstances result in slow-moving inventory exceeding expectations, the Company may record valuation losses on merchandise held in inventories, which could adversely affect its business and operating results.」
Describes the use of small-lot and made-to-order sales while continuing to disclose the risk of merchandise valuation losses from slow-moving inventory. - FY2018MaterialisedAnnual report
「The Company limits inventory risk, particularly for new products, by using small-lot sales and made-to-order sales. However, if unforeseen circumstances result in slow-moving inventory exceeding expectations, the Company may record valuation losses on merchandise held in inventories, which could adversely affect its business and operating results.」
Continues to disclose the risk of merchandise valuation losses, while also stating in its results discussion for the year that such losses arose as the product mix expanded. - FY2018-Q3MaterialisedAnnual report
「Cost of sales increased because products with relatively high cost ratios, including products purchased and sold at the "Seikatsu no Tanoshimi-ten" event, drove sales growth, and merchandise valuation losses arose as the product mix expanded.」
States that merchandise valuation losses associated with the expansion of the product mix also arose during the cumulative third-quarter period, indicating that risks related to slow-moving inventory and other factors continue to materialize. - FY2018-Q2MaterialisedAnnual report
「Cost of sales increased because products with relatively high cost ratios, including products purchased and sold at the "Seikatsu no Tanoshimi-ten" event, drove sales growth, and merchandise valuation losses arose as the product mix expanded.」
States that merchandise valuation losses associated with the expansion of the product mix actually arose, indicating that the risk of valuation losses from slow-moving inventory and other factors has materialized. - FY2017First statedAnnual report
「However, if unforeseen circumstances result in slow-moving inventory exceeding expectations, the Company may record valuation losses on merchandise held in inventories, which could adversely affect its business and operating results.」
Discloses the possibility of merchandise valuation losses arising from slow-moving inventory exceeding expectations while developing proprietary products and expanding its market.