Change in the inventory valuation method for raw materials from FIFO to the moving-average method
First written in FY2022-Q1. 2 of 3 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「Previously, the Company used the cost method based on the first-in, first-out method to value inventories of raw materials, but from the first quarter of the consolidated fiscal year it changed to the cost method based on the moving average method.」
It reconfirms the accounting policy change from the first-in, first-out method to the moving average method for valuing raw material inventories from the first quarter of the consolidated fiscal year. - FY2022-Q2RestatedAnnual report
「Previously, the Company used the cost method based on the first-in, first-out method to value inventories of raw materials, but from the first quarter of the consolidated fiscal year it changed to the cost method based on the moving average method.」
It reconfirms the accounting policy change from the first-in, first-out method to the moving average method for valuing raw material inventories from the first quarter of the consolidated fiscal year. The reason for the change was to enable more appropriate inventory valuation and measurement of profit or loss by period following the introduction of a new system, and the impact was considered immaterial. - FY2022-Q1First statedAnnual report
「We previously used the cost method based on FIFO to value raw material inventories, but changed to the cost method based on the moving-average method from the first quarter consolidated accounting period. This change was made because, following the launch of a new system during the first quarter, we determined that the moving-average method would provide more appropriate inventory valuation and period profit measurement. Retrospective application to prior consolidated fiscal years was not practicable, so the carrying amount at the end of the previous consolidated fiscal year was used as the opening balance for the first quarter consolidated accounting period. The impact of this change is immaterial.」
The valuation method for raw material inventories was changed from FIFO to the moving-average method. The change followed the launch of a new system and was intended to improve inventory valuation and period profit measurement. Retrospective application was impracticable and the impact was immaterial.