Inventory Obsolescence and Impairment Loss Risk
First written in FY2017. 7 of 16 entries say "Restated". Latest entry: FY2026.
Kawata Mfg. moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2018: 11 of 37 companies on the "Worse" side.
41 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「For the consolidated fiscal year, the net amount of inventory write-downs due to declining profitability of inventories held for ordinary sale, included in cost of sales, was ¥79.069 million.」
Inventory write-downs increased from ¥50.758 million in the prior year to ¥79.069 million. - FY2024MitigatedAnnual report
「For the consolidated fiscal year, the net amount of inventory write-downs due to declining profitability of inventories held for ordinary sale, included in cost of sales, was ¥14.932 million.」
Inventory write-downs continued, but decreased from ¥18.045 million in the prior year to ¥14.932 million. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2023WorsenedAnnual report
「For the consolidated fiscal year, the net amount of inventory write-downs due to declining profitability of inventories held for ordinary sale, included in cost of sales, was ¥18.045 million.」
Inventory write-downs increased from ¥1.507 million in the prior year to ¥18.045 million. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2022MitigatedAnnual report
「Consolidated fiscal year (1 April 2021 to 31 March 2022). For the consolidated fiscal year, the net amount of inventory write-downs due to declining profitability of inventories held for ordinary sale, included in cost of sales, was ¥1.507 million.」
Inventory write-downs decreased substantially from ¥77.736 million in the prior year to ¥1.507 million. - FY2021WorsenedAnnual report
「For the consolidated fiscal year, the net amount of inventory write-downs due to declining profitability of inventories held for ordinary sale, included in cost of sales, was ¥77.736 million.」
Inventory write-downs increased substantially from ¥2.931 million in the prior year to ¥77.736 million. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2020WorsenedAnnual report
「For the consolidated fiscal year, the net amount of inventory write-downs due to declining profitability of inventories held for ordinary sale, included in cost of sales, was ¥2.931 million.」
Inventory write-downs due to declining profitability increased from ¥1.199 million in the prior year to ¥2.931 million. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory obsolescence and valuation losses. - FY2019MitigatedAnnual report
「During the current consolidated fiscal year, the net amount of inventory write-downs due to declining profitability for inventory held for ordinary sales purposes and included in cost of sales was ¥1.199 million.」
Although an inventory write-down occurred, it decreased from ¥17.206 million in the previous fiscal year to ¥1.199 million. - FY2018MaterialisedAnnual report
「During the current consolidated fiscal year, the net amount of inventory write-downs due to declining profitability for inventory held for ordinary sales purposes and included in cost of sales was ¥17.206 million.」
A ¥17.206 million inventory write-down due to declining profitability was recognized in cost of sales during the fiscal year. - FY2017MaterialisedAnnual report
「In addition to reducing the carrying amount based on obsolescence calculated for each individual item, the Company uniformly reduces the carrying amount of slow-moving inventory based on the period it has remained in inventory. If actual selling prices and other factors fall below the calculated amounts, additional losses may arise.」
The Company discloses its inventory valuation method and the risk of additional losses, and recognized a ¥26.664 million write-down due to declining profitability in cost of sales during the current consolidated fiscal year.