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Pan Pacific International Holdings (7532) · PolicyFirst stated

Change in the Valuation Method for Merchandise and Products to the Moving Average Method

First written in FY2021-Q1. . Latest entry: FY2021-Q1.

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Change in inventory valuation method from the weighted-average method to the moving-average methodA theme 47 companies write about · 0 as a headwind · 6 as a tailwind

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  1. FY2021-Q1First statedAnnual report

    「Merchandise and products were previously valued mainly using the cost method based on the retail method, with balance-sheet amounts calculated using the lower-of-cost-or-market method based on declines in profitability. From the current first quarter of the consolidated fiscal year, we changed to the cost method based on the moving-average method, with balance-sheet amounts calculated using the lower-of-cost-or-market method based on declines in profitability. The purpose of this change was to enable prompt determination of inventory values and appropriate measurement of income and expenses by period.」

    From the first quarter of the current consolidated fiscal year, the valuation method for merchandise and products was changed from the retail method to the moving-average method. The change was made to enable prompt determination of inventory values and appropriate measurement of income and expenses by period, and figures after retrospective application have been disclosed.
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Change in the Valuation Method for Merchandise and Products to the Moving Average Method | Pan Pacific International Holdings Corporation (7532) | Komori