Standardization of the Group’s Inventory Management Methods and Change to the First-In, First-Out Method
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「The purpose of this change was to standardize the group’s inventory management methods from the first quarter consolidated accounting period and enable more accurate calculation of inventory balances and periodic profit or loss.」
The continued disclosure covers the policy of changing the valuation method for raw materials and supplies to the first-in, first-out method and standardizing inventory management methods across the group. - FY2017-Q2RestatedAnnual report
「The purpose of this change was to standardize the group’s inventory management methods from the first quarter consolidated accounting period and enable more accurate calculation of inventory balances and periodic profit or loss.」
The change in the inventory valuation method from the first quarter and the objective of standardizing group management methods continue to be disclosed. - FY2017-Q1First statedAnnual report
「The company had previously used the moving-average method and the last purchase price method to value raw materials and supplies, respectively, but changed to the first-in, first-out method for both from the first quarter consolidated accounting period. The purpose of this change was to standardize the group’s inventory management methods and enable more accurate calculation of inventory balances and periodic profit or loss from the first quarter consolidated accounting period.」
The company changed the valuation method for raw materials and supplies to the first-in, first-out method as part of a policy to standardize inventory management throughout the group. The impact was immaterial, and no retrospective restatement was made.