Profit uplift from inventory valuation gains
First written in FY2018-Q2. 5 of 17 entries say "Reframed", first in FY2019-Q1. Latest entry: FY2026-H1.
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- FY2026-H1DroppedAnnual reportThe explanation of interim results contains no explicit mention of the impact of inventory valuation gains or inventory valuation differences on profit.
- FY2025ReframedAnnual report
「Operating income increased by ¥13 million, or 1.0%, from the previous fiscal year to ¥1,349 million, as factors increasing profit, including improved selling prices and inventory valuation differences, outweighed factors reducing profit, such as higher costs and lower sales volumes.」
Inventory valuation differences, which were identified as a factor reducing profit in the previous fiscal year, were recorded in the current fiscal year, together with improved selling prices, as a factor increasing overall operating income. - FY2025-H1ReframedAnnual report
「Operating income increased by ¥39 million, or 6.3%, year on year to ¥666 million, as factors increasing profit, including improved selling prices and inventory valuation differences, outweighed factors reducing profit, such as higher costs and lower sales volumes.」
Whereas inventory valuation differences were identified as a factor reducing profit in the previous fiscal year, during the interim period they were identified, together with improved selling prices, as factors increasing overall operating income. By product, however, factors reducing profit, including inventory valuation differences, outweighed price improvements for screw and bolt wire products. - FY2024-Q3WorsenedAnnual report
「Segment profit decreased by ¥209 million, or 28.5%, year on year to ¥524 million, as factors reducing profit, including inventory valuation differences and lower sales volumes, outweighed factors increasing profit, such as improved selling prices.」
Inventory valuation differences were specifically identified as a factor reducing profit that outweighed improved selling prices and other factors, weighing on profit from screw and bolt wire products. - FY2024-Q2RestatedAnnual report
「Segment profit increased by ¥21 million, or 54.4%, year on year to ¥60 million, as factors increasing profit, such as improved selling prices, outweighed factors reducing profit, including inventory valuation differences and lower sales volumes.」
While inventory valuation differences reduced profit, improved selling prices and other factors outweighed them. This pattern continues to be presented in the profit explanation for ordinary wire products. - FY2024-Q1ReframedAnnual report
「Operating income increased by ¥31 million, or 11.6%, year on year to ¥304 million, as factors increasing profit, such as improved selling prices, slightly outweighed factors reducing profit, including higher variable costs, lower sales volumes and inventory valuation differences.」
Rather than profit being boosted by inventory valuation gains, inventory valuation differences are identified as a factor reducing profit. Improved selling prices and other factors slightly outweighed these profit-reducing factors, and operating income increased. - FY2023-Q2DroppedAnnual reportThe explanation of second-quarter results contains no mention of profit being boosted by inventory valuation gains or product inventory valuation gains.
- FY2022-Q3ReframedAnnual report
「In terms of profit, operating profit increased by ¥734 million (84.0%) year on year to ¥1,609 million, aided by higher sales volumes, improved selling prices, cost-reduction measures and product inventory valuation gains.」
Inventory valuation gains, which had not been mentioned for a period, were again explicitly identified this time as “product inventory valuation gains” and as a factor boosting overall operating profit and profit from ordinary and specialty wire products. - FY2020-Q3DroppedAnnual reportThe third-quarter results presentation did not mention inventory valuation gains as a factor boosting profit.
- FY2020-Q2DroppedAnnual reportThe second-quarter results presentation did not mention inventory valuation gains as a factor boosting profit.
- FY2019WorsenedAnnual report
「Segment profit declined by ¥100 million (37.0%) from the previous period to ¥171 million because improvements in profitability from higher selling prices, increased sales volumes and cost reductions fell short of the impact of higher prices for principal raw materials and lower inventory valuation gains.」
The decline in inventory valuation gains was identified for the full year as a factor offsetting improvements in profitability from higher selling prices, increased volumes and cost reductions. - FY2019-Q3WorsenedAnnual report
「Despite improvements in profitability from higher selling prices, increased volumes and cost reductions, segment profit declined by ¥96 million (38.2%) year on year to ¥155 million due mainly to a substantial decrease in inventory valuation gains and other factors, despite higher costs from rising prices for principal raw materials.」
The substantial decrease in inventory valuation gains offset improvements in profitability from higher selling prices, increased volumes and cost reductions, becoming a factor behind the decline in profit from specialty wire products. - FY2019-Q2WorsenedAnnual report
「In terms of profit, improvements from higher selling prices, increased volumes and cost reductions outweighed higher costs, including rising prices for principal and secondary raw materials, but operating profit declined by ¥122 million (26.9%) year on year to ¥333 million due to lower inventory valuation gains,」
Inventory valuation gains had previously been identified as a factor boosting operating profit, but this time their decline became a factor behind the decrease in operating profit. - FY2019-Q1ReframedAnnual report
「Despite improvements in profitability from higher selling prices, increased volumes and cost reductions, segment profit declined by ¥19 million (30.6%) year on year to ¥44 million due to higher costs, including rising prices for principal and secondary raw materials, and differences in product inventory valuation.」
Inventory valuation gains had previously been identified as a factor boosting profit, but this time differences in product inventory valuation were listed as a factor weighing on profit. - FY2018RestatedAnnual report
「Operating profit was ¥946 million, an increase of ¥371 million (64.5%) from the previous period, due to lower manufacturing fixed-cost absorption resulting from higher production and lower depreciation expense, as well as inventory valuation gains and other factors.」
Inventory valuation gains continue to be listed as a full-year factor behind the increase in operating profit, alongside higher production, lower depreciation expense and various cost improvements. - FY2018-Q3RestatedAnnual report
「Operating profit increased by ¥437 million (119.9%) year on year to ¥801 million, due to sales efforts and various cost improvements, as well as lower fixed manufacturing costs resulting from higher production and lower depreciation, and gains on inventory valuation,」
Inventory valuation gains continue to be listed as a factor behind the increase in operating profit, alongside higher production, lower depreciation expense and various cost improvements. - FY2018-Q2First statedAnnual report
「Operating profit increased by ¥321 million (238.4%) year on year to ¥456 million, due to lower fixed costs resulting from higher production and lower depreciation, as well as gains on inventory valuation,」
Inventory valuation gains were identified for the first time as a factor behind the increase in operating profit, alongside higher production and lower depreciation expense.