Write-downs of Inventory Carrying Value Due to Falling Rare Metal Prices and Other Factors
First written in FY2017. 6 of 9 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2022: 9 of 12 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「For the consolidated fiscal year, the inventory was measured using the cost method based on the weighted-average cost method. The company regularly confirms the status of the inventory with customers and determined that the risks of stagnation and declining profitability had not materialized. Accordingly, it did not write down the carrying amount of the assets concerned.」
For work-in-process inventory related to medical and lighting products, the company determined through regular confirmations with customers that the risks of stagnation and declining profitability had not materialized, and did not write down the carrying amount. - FY2020MaterialisedAnnual report
「The inventory write-downs resulting from reduced profitability of inventory held for ordinary sale are as follows.」
Inventory write-downs related to falling rare metal market prices and other factors actually occurred, and ¥118 million was recorded in cost of sales for the consolidated fiscal year. - FY2020-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory write-downs due to declines in rare metal prices and other factors. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory write-downs due to declines in rare metal prices and other factors. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory write-downs due to declines in rare metal prices and other factors. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory write-downs due to declines in rare metal prices and other factors. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory write-downs due to declines in rare metal prices and other factors. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of inventory write-downs due to declines in rare metal prices and other factors. - FY2017First statedAnnual report
「If the net realizable value of inventory falls below its carrying amount due to declines in the prices of rare metals and other factors, the company considers its profitability to have declined and writes down the carrying amount at the end of the period to the net realizable value. This could affect the Group's financial position and operating results.」
The company identifies the decline in inventory profitability and related write-downs due to falling rare metal prices and other factors as a separate business risk.