Change in the presentation of inventory disposal losses as cost of sales
First written in FY2024-Q1. . Latest entry: FY2024.
0 other companies' latest entry also says "Other".
- FY2024Update to annual reclassification amountAnnual report
「In the previous consolidated fiscal year, loss on disposal of inventories, which had been separately presented under "Non-operating expenses" in the consolidated statement of profit or loss, has been included in "Cost of sales" from the current consolidated fiscal year. This resulted from a review of the performance evaluation methods for each business, prompted by a change in the core system. To reflect this change in presentation, ¥281 million previously presented as "Loss on disposal of inventories" under "Non-operating expenses" in the consolidated statement of profit or loss for the previous consolidated fiscal year has been reclassified as "Cost of sales."」
The change in presentation of loss on disposal of inventories to cost of sales has been continued, with the previous year's reclassification amount disclosed on an annual basis as ¥281 million. - FY2024-Q3Third-quarter reclassification amount updatedAnnual report
「To reflect this change in presentation, ¥169 million previously presented as "Loss on disposal of inventories" under "Non-operating expenses" in the consolidated statement of profit or loss for the cumulative third quarter of the previous fiscal year has been reclassified as "Cost of sales."」
The policy of changing the presentation of loss on disposal of inventories from non-operating expenses to cost of sales has been continued, with the reclassification amount for the cumulative third quarter of the previous year disclosed as ¥169 million. - FY2024-Q2Update to second-quarter reclassification amountAnnual report
「Inventory disposal losses, previously presented separately under non-operating expenses in the quarterly consolidated statements of income, have been included in cost of sales from the first quarter of the current consolidated accounting period. This resulted from a review of how the performance of each business is evaluated following a change to the core system. To reflect this change in presentation, ¥124 million previously presented as inventory disposal losses under non-operating expenses in the quarterly consolidated statement of income for the second quarter of the previous fiscal year has been reclassified to cost of sales.」
The company continued its policy of changing the presentation of inventory disposal losses from non-operating expenses to cost of sales and disclosed the reclassification amount for the same period of the previous year as ¥124 million. - FY2024-Q1First statedAnnual report
「Inventory disposal losses, previously presented separately under non-operating expenses in the quarterly consolidated statements of income, have been included in cost of sales from the first quarter of the current consolidated accounting period. This resulted from a review of how the performance of each business is evaluated following a change to the core system. To reflect this change in presentation, ¥46 million previously presented as inventory disposal losses under non-operating expenses in the quarterly consolidated statement of income for the first quarter of the previous fiscal year has been reclassified to cost of sales.」
Following a review of the performance evaluation method prompted by a change to the core system, the company changed the presentation of inventory disposal losses from non-operating expenses to cost of sales and reclassified ¥46 million for the same period of the previous year.