Recognition frequency for inventory valuation losses changed from semiannual to quarterly
First written in FY2025-Q1. 1 of 3 entries say "Restated". Latest entry: FY2025.
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- FY2025Challenges adapting to the quarterly valuation rulesAnnual report
「The product inventory valuation loss rule applied from the current fiscal year, together with the earlier closing of the fiscal period, led to inadequate changes in selling prices for some brands.」
Changing the frequency of recognizing product inventory valuation losses to quarterly resulted in challenges in responding to selling-price changes for some brands. - FY2025-H1RestatedAnnual report
「Although challenges remained in improving product assortments during transition periods and adapting to the quarterly valuation rules described above, continued efforts to prioritize full-price sales through both stores and e-commerce resulted in a gross profit margin of 59.4%, an improvement of 0.3 percentage points from the same period of the previous year.」
The company continued to explain that challenges remained in product assortments during transition periods and in adapting to the rule, as the inventory valuation loss rule changed from semiannual to quarterly application. - FY2025-Q1First statedAnnual report
「This was largely due to the impact of changing the recognition of inventory valuation losses from semiannually to quarterly beginning this fiscal year.」
For the first time, explicitly disclosed the accounting change from semiannual to quarterly recognition of inventory valuation losses and explained its impact on the gross profit margin.