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Sansha Electric Manufacturing (6882) · InitiativeFirst stated

Change in slow-moving inventory valuation criteria using core system data

First written in FY2021. . Latest entry: FY2021.

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Change in Method for Estimating Inventory Valuation LossesA theme 22 companies write about · 8 as a headwind · 11 as a tailwind

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  1. FY2021First statedAnnual report

    「The company changed the write-down criteria because it became possible to collect data that more accurately reflects actual conditions from the core system, which had been upgraded in previous fiscal years. As a result, compared with the previous method, cost of sales for the fiscal year under review decreased by ¥64 million, while operating income, ordinary income and profit before income taxes increased by ¥64 million each.」

    The company changed the book-value write-down criteria for obsolete inventory using data obtained from its core system, resulting in a ¥64 million impact on profit for the fiscal year.
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