Risk of Inventory Obsolescence and Declining Net Realizable Value
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2022.
Aval Data moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Inventories are measured for write-downs based on declining profitability according to the length of time they have remained in stock, and if net realizable value declines further in the future or obsolete inventories increase, additional write-downs may be required based on the measurement.」
The company continues to disclose inventory valuation based on the length of time inventories have remained in stock, as well as the risk of additional write-downs due to declines in net realizable value and obsolescence. - FY2020RestatedAnnual report
「Inventories are measured for write-downs based on declining profitability according to the length of time they have remained in stock. If net realizable value declines further in the future or obsolete inventories increase, additional write-downs may be required based on the measurement.」
The company continues to disclose the inventory valuation method based on the length of time inventories have remained in stock, as well as the risk of additional write-downs due to declines in net realizable value and obsolescence. - FY2019RestatedAnnual report
「Inventories are valued using a method that writes down their carrying amount when profitability declines. If net realizable value declines further in the future or obsolete inventories increase, additional write-downs may be required.」
The risk of additional write-downs due to inventory obsolescence and declines in net realizable value continues to be disclosed. - FY2018MaterialisedAnnual report
「Inventories are valued using a method that writes down their carrying amount when profitability declines. If net realizable value declines further in the future or obsolete inventories increase, additional write-downs may be required.」
A ¥1.972 million write-down was recognized due to lower inventory profitability, indicating that the risks of obsolescence and declines in net realizable value continue to affect results. - FY2017MaterialisedAnnual report
「Inventories are valued using a method that writes down their carrying amount when profitability declines. If net realizable value declines further in the future or obsolete inventories increase, additional write-downs may be required.」
The risk of additional write-downs in the future was disclosed, and a ¥13.975 million write-down was recognized in the current consolidated fiscal year due to lower inventory profitability.