Inventory buildup in preparation for equipment upgrades and shorter delivery times
First written in FY2018-Q1. 1 of 3 entries say "Restated". Latest entry: FY2019-Q3.
24 other companies' latest entry also says "Other".
- FY2019-Q3Use of safety stock and production cutsAnnual report
「As a result, total net sales were ¥3,541 million, down 2.7% year on year. Product and merchandise sales were ¥3,073 million, a slight increase from ¥3,072 million in the same period of the previous year, while scrap sales declined to ¥467 million from ¥567 million, owing to production cuts undertaken as safety stocks of valves for LP gas cylinders were used up.」
Scrap sales declined from ¥567 million in the same period of the previous year to ¥467 million after safety stocks of valves for LP gas cylinders built up ahead of the equipment renewal were used up and production was reduced. - FY2018RestatedAnnual report
「Various valves for LPG bulk supply systems are expected to generate replacement demand over the next 10 years as equipment reaches 20 years after installation. To maintain and expand our current leading market share, we will ensure short lead times by building inventory in advance.」
The policy of building inventory in advance and ensuring short lead times in anticipation of replacement demand has been reconfirmed. - FY2018-Q1First statedAnnual report
「In addition, we are building inventory to secure safety stock ahead of the equipment renewal for LP gas cylinder valves scheduled for March 2018, and to further shorten lead times for valves for steel equipment.」
A measure to build inventory in advance was described for the first time, aimed at securing supply during equipment replacement for valves for LPG cylinders and shortening lead times for valves for steel equipment.