Change in the Inventory Write-down Rate
First written in FY2024-Q3. 2 of 3 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「When the net realizable value of merchandise falls below its acquisition cost, our group records an inventory valuation loss associated with writing down the carrying amount of inventory.」
The policy of valuing merchandise based on net realizable value continues. The merchandise inventory valuation loss was ¥30.480 million, and the reduction in carrying amount from acquisition cost was ¥118.584 million. - FY2025RestatedAnnual report
「When the net realizable value of merchandise falls below its acquisition cost, our group records an inventory valuation loss associated with writing down the carrying amount of inventory.」
The policy of assessing declining profitability in merchandise inventory based on net realizable value continues, with a merchandise inventory valuation loss of ¥32.249 million and a ¥88.103 million reduction in carrying amount from acquisition cost recorded. - FY2024-Q3First statedAnnual report
「The holding period for our merchandise inventory has changed as we have established a certain level of sales infrastructure through physical stores. In addition, the accumulation of data for evaluating product life cycles has enabled us to understand the actual life cycles in greater detail. Accordingly, in the first quarter accounting period, we decided to change the write-down rate applied to reductions in the carrying amounts of merchandise in order to reflect more appropriately in our financial position and operating results the decline in the profitability of merchandise inventory.」
This explains the accounting policy change to the write-down rate for merchandise inventory, against the backdrop of establishing a physical-store sales structure and accumulating product life-cycle data.