More precise cost management following a core-system change
First written in FY2018-Q3. 1 of 3 entries say "Restated". Latest entry: FY2019.
0 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual report
「Work in process is primarily measured using the cost method based on the specific-identification method.」
The explanation that the September 2017 change to the core system prompted more precise cost management, which had been included previously, was removed, leaving only the valuation method stated as an accounting policy. - FY2018RestatedAnnual report
「For molds for aluminum extrusion, products and work in process were previously measured using the cost method based on the weighted-average method, while raw materials were measured using the cost method based on the moving-average method. From the current consolidated fiscal year, products and work in process have been measured using the cost method based on the specific-identification method, while raw materials have been measured using the cost method based on the weighted-average method. This change was prompted by the change to the core system implemented in September 2017 and was made to enable more precise cost management.」
The company continued to report the change in the inventory valuation method prompted by the September 2017 change to the core system, together with the objective of achieving more precise cost management. - FY2018-Q3First statedAnnual report
「Previously, the cost method using the weighted-average method was applied to finished goods and work in process for aluminum extrusion dies, while the moving-average method was applied to raw materials. From the third quarter of the consolidated fiscal year under review, the specific identification method was applied to finished goods and work in process, and the weighted-average method was applied to raw materials. The change was made following the core-system change implemented in September 2017, with the aim of achieving more precise cost management.」
Following the core-system change in September 2017, the inventory valuation methods for aluminum extrusion dies were changed to achieve more precise cost management.