Inventory valuation policy for reflecting market price fluctuations of major raw materials in profit or loss for the period
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「For merchandise and finished goods, work in process, raw materials, and supplies, we have adopted the cost method based on the first-in, first-out method, with write-downs to book value due to declines in profitability.」
The company is reconfirming its policy of adopting the cost method based on the first-in, first-out method for inventories of major raw materials and other items. - FY2022RestatedAnnual report
「For merchandise and finished goods, work in process, raw materials, and supplies, we have adopted the cost method based on the first-in, first-out method, with write-downs to book value due to declines in profitability.」
The company is reconfirming its adoption of the cost method based on the first-in, first-out method to reflect fluctuations in the market prices of copper, zinc and other materials in inventory valuation. - FY2019RestatedAnnual report
「In preparing these financial statements, we have adopted the cost method based on the first-in, first-out method for valuing major raw materials, so that unrealised gains and losses on inventories arising from fluctuations in the market prices of copper and zinc are reflected in profit or loss for the period as promptly as possible.」
The company is reconfirming its policy of adopting the cost method based on the first-in, first-out method to promptly reflect in profit or loss for the period the unrealised gains and losses on inventories arising from fluctuations in the market prices of copper and zinc. - FY2018First statedAnnual report
「In preparing these financial statements, we have adopted the cost method based on the first-in, first-out method for valuing major raw materials, so that unrealised gains and losses on inventories arising from fluctuations in the market prices of copper and zinc are reflected in profit or loss for the period as promptly as possible.」
The company has adopted the cost method based on the first-in, first-out method to promptly reflect in profit or loss for the period the unrealised gains and losses on inventories arising from fluctuations in the market prices of copper and zinc.