Inventory valuation loss due to low operating capacity resulting from the COVID-19 pandemic
First written in FY2020-Q3. 1 of 4 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2021.
The whole theme swung hardest in 2025: 5 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「The company reported ¥5,636 million on the consolidated balance sheet after deducting the ¥734 million reduction in book value at the end of the current consolidated fiscal year. In addition, ¥171 million, calculated as the difference between the ¥885 million reduction in book value at the end of the previous consolidated fiscal year and the ¥734 million reduction at the end of the current consolidated fiscal year, after taking into account the ¥20 million impact of foreign exchange movements, was recorded in cost of sales on the consolidated income statement as an inventory valuation loss (△ indicates a reversal gain).」
The inventory valuation loss resulted in a ¥171 million reversal gain during the current fiscal year, reducing the burden from valuation losses caused by low operating capacity in the previous fiscal year. However, the ¥734 million reduction in book value at the end of the fiscal year remains. - FY2021-Q2WorsenedAnnual report
「The Group expanded revenue by increasing shipments of products including high-end automotive batteries under agreements with customers for long-term supply volumes to address these events and circumstances. However, as expenses including inventory valuation losses, freight costs and additions to the allowance for doubtful accounts increased compared with the first-quarter consolidated accounting period, the Group reported an operating loss of ¥107 million for the six months ended the second quarter.」
Although revenue increased due to higher shipments to long-term supply customers, expenses including inventory valuation losses increased compared with the first quarter, resulting in an operating loss of ¥107 million for the six months ended the second quarter. - FY2021-Q1MaterialisedAnnual report
「The company also recorded a ¥296 million valuation loss on certain product inventories.」
Regarding the inventory valuation loss incurred in the previous fiscal year in connection with COVID-19, the company recorded an additional ¥296 million valuation loss on certain product inventories during the current quarter. - FY2020-Q3First statedAnnual report
「Of the increase in other expenses, ¥988 million was attributable to an increase in inventory valuation losses. This resulted from the recognition of a valuation loss on inventory at the end of the third quarter due to a substantial increase in the proportion of fixed costs in product manufacturing costs, caused by lower factory operating capacity and other factors following the spread of COVID-19.」
The company recorded an additional ¥988 million in inventory valuation losses against a backdrop of lower factory operating capacity following the spread of COVID-19 and higher fixed costs as a proportion of product costs.