Change in inventory presentation accompanying the commencement of a new manufacturing business
First written in FY2023-Q2. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
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- FY2023AdvancedAnnual report
「Inventories presented as “merchandise” in the previous consolidated fiscal year are presented in the current consolidated fiscal year as ¥4,048.137 million in inventories, including ¥4,036.299 million in merchandise, following the launch of operations at the Daiwa Plant (Kurokawa District, Miyagi Prefecture) involving the assembly of aluminum frames for semiconductor manufacturing equipment.」
The change to inventory presentation following the launch of the manufacturing business was finalized for the full fiscal year, and the amounts were disclosed. - FY2023-Q2First statedAnnual report
「From the first quarter of the current consolidated fiscal year, the company began operations at the Daiwa Plant (Kurokawa District, Miyagi Prefecture) involving the assembly of aluminum frames for semiconductor manufacturing equipment, in order to strengthen its manufacturing capabilities and respond to customer requirements. Accordingly, merchandise on the consolidated balance sheet has been included in inventories from the first quarter of the current consolidated fiscal year.」
The company newly discloses that, following the launch of manufacturing operations at the Daiwa Plant, it changed the presentation to include merchandise previously presented separately in inventories.