Write-downs of merchandise inventory, primarily products manufactured in prior years
First written in FY2026-H1. 3 of 6 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Cover moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「To optimise its assets at an early stage in pursuit of sustainable growth, the Company disposed of and wrote down slow-moving inventory, mainly products manufactured during the SKU expansion period from 2023 to 2024.」
The Company disposed of and wrote down slow-moving inventory, mainly products manufactured in previous fiscal years, and reflected the resulting costs in the current fiscal year as part of its asset optimisation efforts. - FY2026-H1MaterialisedAnnual report
「In addition to temporary slowdowns in the growth of direct-to-consumer e-commerce sales due to the impact of North American tariffs and substitution effects between product sales channels, inventory valuation write-downs, mainly for products manufactured in or before the previous year, resulted in higher revenue but lower profit year on year.」
An inventory write-down mainly relating to products manufactured in the previous year and earlier actually occurred and was a factor in higher revenue but lower profit. The amount of the write-down was not specified in the text.