Excess and Slow-Moving Inventories and Inventory Write-Downs Due to Shrinking Demand
First written in FY2020. 7 of 10 entries say "Worsened", first in FY2024. Latest entry: 2026-08-10.
Maruyama Mfg.Co. moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 23 of 41 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- 2026-08-10WorsenedEarnings
「This was due mainly to increases in merchandise and finished goods (¥2,494 million), raw materials and supplies (¥891 million), and investment securities resulting from higher market prices (¥1,492 million).」
Merchandise and finished goods, as well as raw materials and supplies, increased further from the end of the previous consolidated fiscal year, and inventory balances continued to rise. - FY2026-H1WorsenedAnnual report
「Increase in merchandise and finished goods (¥2,495 million)」
Amid the risk of excess and slow-moving inventory when demand contracts, merchandise and finished goods increased by ¥2,495 million from the end of the previous consolidated fiscal year. - FY2025WorsenedAnnual report
「Merchandise and finished goods 6,184 5,659; raw materials and supplies 2,705 2,924; inventory valuation losses 136 163」
Merchandise and finished goods decreased, while raw materials and supplies increased, and inventory valuation losses rose from ¥136 million to ¥163 million. - FY2025-H1WorsenedAnnual report
「This was due to increases of ¥1,017 million in merchandise and finished goods and ¥412 million in raw materials and supplies.」
Despite the continuing inventory reduction policy, merchandise and finished goods increased from ¥6,184 million to ¥7,202 million, while raw materials and supplies increased from ¥2,705 million to ¥3,117 million. - FY2024WorsenedAnnual report
「Inventory valuation losses increased from ¥117 million to ¥136 million, while merchandise and finished goods increased from ¥5,969 million to ¥6,184 million.」
Despite the inventory reduction policy, inventory increased and inventory valuation losses also rose by ¥19 million. - FY2023RestatedAnnual report
「Our group prepares production and sales plans based on expected sales and demand trends, and works to reduce inventory by securing raw materials, shortening procurement lead times, and improving the accuracy of production and sales plans. However, if demand shrinks and falls below the sales plan due to seasonality, weather fluctuations, competition from other companies, or other factors, excess and slow-moving inventory may arise.」
The company continues to disclose the risk of excess and slow-moving inventory and valuation losses caused by shrinking demand, as well as measures to reduce inventory through procurement improvements and greater planning accuracy. - FY2021RestatedAnnual report
「If demand shrinks and falls below the sales plan due to seasonality, weather fluctuations, competition from other companies, or other factors, excess and slow-moving inventory may arise.」
The company continues to disclose the risk of excess and slow-moving inventory caused by shrinking demand and inventory valuation losses. An inventory valuation loss of ¥15 million was recorded. - FY2020First statedAnnual report
「If demand shrinks and falls below the sales plan due to seasonality, weather fluctuations, competition from other companies, or other factors, excess and slow-moving inventory may arise. If profitability declines such that the net realizable value of inventory falls below its carrying amount, or if inventory remains slow-moving for an extended period, an inventory valuation loss may occur and affect our group's operating results and financial position.」
The company newly disclosed separately the risk of excess and slow-moving inventory caused by shrinking demand and inventory valuation losses caused by declines in net realizable value.