Revision of the Inventory Aging Schedule and Additional Recognition of Valuation Losses
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Increase in inventory valuation lossAnnual report
「An inventory aging schedule is prepared using shipment data for the current period and a specified preceding period, and the amount determined from this schedule to have a reduced likelihood of sale is recognized as an inventory valuation loss in cost of sales.」
The Company continued to use a method based on an inventory aging schedule prepared from shipment records, and recorded an inventory valuation loss of ¥92,459 thousand, up from ¥83,735 thousand in the previous fiscal year. - FY2025RestatedAnnual report
「An inventory aging schedule is prepared using shipment data for the current period and a specified preceding period, and the amount determined from this schedule to have a reduced likelihood of sale is recognized as an inventory valuation loss in cost of sales.」
The method of recognizing valuation losses using an inventory aging schedule based on shipment results has been continued. Inventory valuation losses for the fiscal year amounted to ¥83.735 million. - FY2024First statedAnnual report
「In addition, during the fiscal year, we revised the inventory aging schedule to more appropriately reflect shipment trends and reviewed our inventory holdings to reduce inventory management costs, resulting in the additional recognition of inventory valuation losses. As a result of this change, cost of sales increased by ¥107 million compared with the previous method, while gross profit, operating profit, ordinary profit and profit before income taxes decreased by the same amount.」
The inventory aging schedule was revised to reflect shipment trends, and inventory holdings were reviewed to reduce management costs. As a result, additional inventory valuation losses were recognized, increasing cost of sales by ¥107 million.