Earnings deterioration due to unusable raw materials and stagnant inventory
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2021.
4 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「However, raw materials may suddenly become unusable due to amendments to laws, administrative guidance or other factors. If such an unforeseen event occurs, earnings may decline.」
The possibility of raw materials becoming unusable due to amendments to laws or administrative guidance, and the resulting possibility of lower earnings, are reconfirmed. - FY2018RestatedAnnual report
「Raw materials may suddenly become unusable due to amendments to laws, administrative guidance or other factors. If such an unforeseen event occurs, earnings may decline.」
The possibility of raw materials becoming unusable due to amendments to laws or administrative guidance, and the resulting possibility of lower earnings, are reconfirmed as matters relating to accounting estimates. - FY2017RestatedAnnual report
「Raw materials may suddenly become unusable due to amendments to laws, administrative guidance or other factors. If such an unforeseen event occurs, earnings may decline.」
The risks of raw materials becoming unusable due to amendments to laws or administrative guidance and of inventory write-downs are reiterated. - FY2016First statedAnnual report
「Raw materials may suddenly become unusable due to amendments to laws, administrative guidance or other factors. If such an unforeseen event occurs, earnings may decline.」
The Company identifies the risk that legal changes or administrative guidance could render raw materials unusable and require inventory write-downs.