Change to an inventory valuation method based on the subsidiary's actual circumstances

「Based on this, in order to more appropriately reflect the decline in profitability of inventories, we decided to change the valuation method from the previous method based on uniform group-wide standards to a method based on local valuation standards established in accordance with the actual conditions at each subsidiary, effective from the end of the current consolidated fiscal year. As a result of this change, compared with the previous method, cost of sales for the current consolidated fiscal year decreased by ¥930 million, while operating profit, ordinary profit and profit before income taxes each increased by ¥930 million.」