Change in Inventory Valuation Method Associated with Implementation of a New Core System
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023.
19 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「This change in the valuation method was implemented from the current consolidated fiscal year, prompted by the introduction of a new core system, for the purpose of ensuring more appropriate valuation of inventories and calculation of periodic profit and loss.」
The change in the inventory valuation method from the FIFO method to the weighted-average method, prompted by the introduction of a new core system, continued to be disclosed. The impact was immaterial, and no retrospective application was made. - FY2023-Q3RestatedAnnual report
「The cost method based on the FIFO method (with book value reduced based on declining profitability) had previously been used to value products, raw materials and supplies included in inventories. From the first quarter of the consolidated fiscal year, this has been changed to the cost method based on the weighted-average method (with book value reduced based on declining profitability).」
The change in the inventory valuation method prompted by the introduction of a new core system continues to be disclosed. The impact of the change was immaterial, and no retrospective application was made. - FY2023-Q1First statedAnnual report
「The cost method based on the FIFO method (with book value reduced based on declining profitability) had previously been used to value products, raw materials and supplies included in inventories. From the current first quarter of the consolidated fiscal year, this has been changed to the cost method based on the weighted-average method (with book value reduced based on declining profitability).」
The inventory valuation method was changed from the FIFO method to the weighted-average method in connection with the introduction of a new core system. The impact of the change was immaterial, and no retrospective application was made.