Risk of inventory write-downs due to changes in future demand for spare parts and other items
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2024.
Tanaka Seimitsu Kogyo moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 11 of 37 companies on the "Worse" side.
35 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「The determination of write-downs for these inventories is based on our ability to understand their actual life cycles using shipment data and usage records for products and other items accumulated by our group over the years. If additional write-downs become necessary due to changes in future demand, market conditions, or other factors, they could have a material impact on the consolidated financial statements for the following consolidated fiscal year.」
While the risk of additional write-downs due to future demand and other factors continues to be disclosed, an inventory valuation loss of ¥175.149 million was recorded in cost of sales during the current fiscal year, indicating that a write-down has actually occurred. - FY2024-Q3RestatedAnnual report
「During the nine-month period of the current third quarter, there were no material changes to the accounting estimates of the Group or the assumptions used in those estimates.」
The company states that there have been no significant changes in the accounting estimates and assumptions, including those used in valuing inventories of service parts and other products. - FY2024-Q1RestatedAnnual report
「There were no significant changes during the first quarter of the current consolidated fiscal year-to-date period in the accounting estimates of our group or the assumptions used in making those estimates.」
The company states that there have been no significant changes in the accounting estimates and assumptions, including those used in valuing inventories of service parts and other products. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current third quarter, there were no material changes to the accounting estimates of the Group or the assumptions used in those estimates.」
The company states that there have been no significant changes in the accounting estimates and assumptions, including those used in inventory valuation. - FY2022First statedAnnual report
「Management believes that the estimates used in valuing inventories are reasonable. However, additional write-downs may become necessary due to changes in future demand, market conditions, and other factors.」
The possibility of additional write-downs due to changes in future demand and market conditions for inventories of service parts and other products is described independently for the first time as a significant risk related to accounting estimates.