Change in inventory valuation method to the weighted-average cost method
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2025.
29 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Products and work in process are stated at cost using the weighted-average method. Balance sheet amounts are written down based on declines in profitability.」
The company continues to apply the weighted-average cost method for inventory valuation, which was changed at the beginning of the 74th fiscal year. - FY2024-Q2RestatedAnnual report
「In addition, the company changed its inventory valuation method from the beginning of the first quarter of the current consolidated fiscal year and is comparing and analyzing the current figures with those for the same cumulative period of the previous year and the previous consolidated fiscal year after reflecting the retrospective treatment.」
The company continued in the second quarter to present comparisons reflecting the change in inventory valuation method and retrospective treatment implemented from the first quarter. - FY2024-Q1First statedAnnual report
「Previously, the company used the cost method based on the first-in, first-out method to value inventories of raw materials and supplies. From the current consolidated fiscal year, it has changed to the cost method based on the weighted-average method.」
Triggered by an increase in inventory volumes, soaring steel prices, and the renewal of the procurement system, the company changed the valuation method not only for raw materials and supplies but also for finished products and work in process to the cost method based on the weighted-average method. The change was applied retrospectively, reducing raw materials and supplies for the previous consolidated fiscal year by ¥12 million and retained earnings by ¥9 million.